What is Tax Professional Awareness Week? A week of educational initiatives equips tax professionals with the tools and information they need before filing season to help them prepare accurate returns. The event is designed to empower tax professionals with updated
We are pleased to announce that effective January 1, 2024, we have changed our name from BLSR to Balsamo, Lutters, Renna and Rosensteel, P.A.
The IRS announced inflation adjustments for over 60 tax provisions in 2024, including standard deductions for married and single individuals.
The Social Security Administration (SSA) announced on Thursday, October 12, that the 2024 social security wage base will be $168,600, which is an increase of $8,400 from $160,200 in 2023 (view the SSA Fact Sheet). As in prior years, there
IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books
Some businesses that receive cash payments of over $10,000 must file Form 8300 electronically starting in 2024.
Learn about the new policy replacing surprise home visits with scheduled meetings via Letter 725-B and how this change aims to enhance safety and reduce confusion.
Those who find their name on the Unclaimed Property list can now file a claim form digitally via Maryland OneStop.
Congressional lawmakers have raised concerns about the validity of the U.S.-based golf organization’s tax-exempt status after a surprise announcement of a merger with its Saudi-backed rival.
Identity Protection PINs stop identity thieves from filing fraudulent tax returns. Taxpayers who participate in this program are assigned a six-digit number that they use to prove their identity when they file their federal tax return.
Fees & tax payments are planned for, and meeting deadlines are met to keep your business on top of government requirements.