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IRS begins audits of corporate jet usage
Yesterday, the IRS released IR-2024-46 indicating that will put more
NJ businesses purchasing manufacturing equipm up to $250k NJEDA award
The NJEDA program called New Jersey Manufacturing Voucher Program can be an excellent opportunity for businesses in the
BOI (Beneficial Ownership Interest) penalties increased to $591
Yesterday, Victor Garrido, CPA, EA, had a zoom call presentation about the "Beneficial Ownership Information (BOI) Report to
The IRS to implement the Simple Notice Initiative
On January 23rd, the IRS released communication IR-2024-19 which provide more details on their Simple Notice Initiative. The
IRS will waive failure to pay penalties for 2020 or 2021
On January 10th, 2024, the IRS communicated that will remove/waive failure to pay penalties on unpaid taxes less
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The IRS to implement the Simple Notice Initiative
On January 23rd, the IRS released communication IR-2024-19 which provide more details on their Simple Notice Initiative. The IRS releases around 170
IRS will waive failure to pay penalties for 2020 or 2021
On January 10th, 2024, the IRS communicated that will remove/waive failure to pay penalties on unpaid taxes less than $100k for tax
The IRS delays again the 1099k implementation and potential new thresholds
Yesterday, the IRS made official the delay on the 1099-k implementation for the $600 threshold for 2023. In 2023, the 1099-k will