LATEST NEWS
Federal Payments Are Going Fully Digital
A new Executive Order signed by President Trump on March
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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Around 22 months delay to resolve identity theft – Consider the IRS Identity Protection PIN
In the mid year report to Congress, National Taxpayer Advocate Erin M. Collins stated that there are significant delays for victims of
Higher audit rates for partnerships and scrutiny on basis shifting
In the Fact Sheet 2024-21 Basis shifting, the IRS detailed the guidance to avoid abusive basis shifting by related-party partnership members, such
Mid-year Financial review – Tax changes & BOI compliance – Recording available in YouTube
Our colleagues from NJ SBDC have posted the Mid-year Financial review seminar from mid-June 2024 in Youtube. We highly recommended checking the