LATEST NEWS
S Corporation reasonable officer salary reminders
As discussed often, the S Corporation requires the officer to
New York State has approved their Pass through Entity Tax (PTET)
The New York PTE tax follows several other states in availing itself of the IRS’ guidance in Notice
The SBA PPP is closed (no more funds)
Last night, the SBA PPP portal was closed to the financial institutions. No more applications were able to
IRS2Go mobile app
In the recent IRS Tax Tip 2021-59, the IRS provides information on their IRS mobile app that allows
Application Opening TODAY for $28.6 Billion Restaurant Revitalization Fund
Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021,
MORE NEWS
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
IRS suspends mailing of additional letters and plans hiring of 10,000 full time workers
In early February, the IRS announced the suspension of more than a dozen additional letters, including the mailing of automated collection notices