LATEST NEWS
Recovery Startup Business (ERC) up to $100,000 if business started after Feb 2020
The Recovery Startup Business shares some similarities with the Employee
IRS increases mileage rate to 62.5 cents per mile
In the IRS IR-2022-124 released on June 9, 2022, the IRS increased the standard mileage rate for the
Americans abroad – Deadline filing 2021 return (June 15)
The IRS IR-2022-112 reminds Americans abroad (US citizens and resident aliens abroad) that they must file the 2021
Selling your home? Selling your rental property?
If you are selling or thinking of selling your home or rental property, the IRS has special resources
Employee Retention credit still available – Up to $26k per employee
The Employee Retention Credit (ERC) is a fully refundable credit that targets businesses with employees (w2s) in 2020
MORE NEWS
Wedding summer season starting soon – Tax implications
In the IRS Tax Tip 2022-77, the IRS lists some of the tax changes that might occur when a couple gets married.
The IRS destroyed over 30m paper returns
According to a new report from the Treasury Inspector for Tax Administration, the IRS would have destroyed more than 30 million paper
IRS reminds to report gig economy, crypto, foreign income and assets
In the IR-2022-45, the IRS reminds taxpayers of their reporting and potential tax obligations from working in the gig economy, making virtual