IRS announces annual inflation adjustments for tax year 2024
The IRS announced inflation adjustments for over 60 tax provisions in 2024, including standard deductions for married and single individuals.
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.
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.
Fees & tax payments are planned for, and meeting deadlines are met to keep your business on top of government requirements.