The IRS announced inflation adjustments for over 60 tax provisions in 2024, including standard deductions for married and single individuals.
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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.