of

Home|Tag: of

Hiring independent contractors became harder in 2024

We have numerous blog posts on the difference between a) employees and b) independent contractors based on the IRS, Department of Labor (DoL) and State authorities at the time the post was released. However, in January 2024, the DoL released new rules (or go back to the previous rules pre-Trump) on "... how to analyze

By |2024-11-12T03:55:57+00:00December 16th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , , , , |

Navigating IRS letters of deficiency

Over the past twelve months, we’ve noticed a concerning rise in IRS deficiency notices (CP3219N) sent to taxpayers. In most cases, these letters result from discrepancies between filed tax returns and the IRS's records from third-party sources. When the IRS identifies a difference, they send a notice with the following options:File a Tax Return Within

By |2024-11-17T21:34:21+00:00November 17th, 2024|Categories: Business, Individuals|Tags: , , , , , , |

Hard time to get in contact with the IRS? The IRS only answers around 31% of calls

In the mid year report to Congress (IR-2024-173), National Taxpayer Advocate Erin M. Collins revealed the misleading metrics that the IRS uses to report call service. The IRS accounts for a goal of achieving a Level of Service (LoS) of at least 85%, which was exceeded in 2024 (88%). "... The Treasury Department and the

By |2024-11-12T20:01:14+00:00July 19th, 2024|Categories: Business, Individuals|Tags: , , , , , , , |
Go to Top