IRS announces annual inflation adjustments for tax year 2024
November 9, 2023
The IRS announced inflation adjustments for over 60 tax provisions in 2024, including standard deductions for married and single individuals.
Articles & Industry News
Industry News
IRS Shifts Focus of Compliance Enforcement from Working-Class to Wealthy Taxpayers
September 24, 2023
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
New Business Requirements: e-file Form 8300 for $10,000 + cash payments in 2024
September 2, 2023
Some businesses that receive cash payments of over $10,000 must file Form 8300 electronically starting in 2024.
An Identity Protection PIN helps shield taxpayers from tax-related identity theft
May 30, 2023
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.
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