LATEST NEWS
IRS payment options if you cannot pay in full
In the IRS Tax Tip 2025-29, the IRS reminds taxpayers
Cohan rule – Use of estimates for allowable business deductions without documentation
The Cohan rule originated from a case from 1930, but it is still applicable and used to this
New IRS guidance allows 401k matching based on student loan payments
As mentioned in IR-2024-217, the IRS has released interim guidance in late August 2024 allowing that employers with
Careful if your accountant or tax professional sends info overseas – Sec 7216
Note that we are noticing more and more of our colleagues having overseas help as a way to
Delaware EARNS – DE businesses required to register unless tax-qualified retirement plan in place
From mid October 2024, Delaware businesses with 5 or more employees will have to register by 10/15/24 in
MORE NEWS
1099-K threshold delayed again
In the recent IR-2024-299 released at the end of November, the IRS indicated that the 1099-K threshold is delayed again. The 1099-K
Federal Judge in Texas issued a nationwide injunction to block the BOI
Yesterday, a Federal Judge Mr. Amos Mazzant issued a nationwide injunction to block the BOI (Beneficial Ownership Information). Based on this injunction,
BOI deadline in 30 days – Attend free seminar and file – Avoid $591 fine per day
Even the IRS is reminding us of the requirement to file the BOI (Beneficial Ownership Information), in their IR-2024-288 released around mid