by candy | Apr 10, 2025 | IRS
The Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations to implement provisions of the SECURE 2.0 Act, specifically addressing automatic enrollment requirements for newly established 401(k) and 403(b) retirement plans....
by candy | Apr 7, 2025 | IRS
The 2024 Annual Report to Congress, released by National Taxpayer Advocate Erin M. Collins, highlights improvements in IRS services while acknowledging ongoing challenges. Refund processing has become faster, customer support has improved, and wait times have...
by candy | Mar 6, 2025 | IRS
Did you file an Employee Retention Tax Credit Claim after September 14, 2023? Have you been waiting to find out if your claim will be processed? The IRS stopped processing (ERC) claims that were received before the moratorium on September 14, 2023, to enhance their...
by candy | Feb 27, 2025 | IRS
Recently, the IRS has been busy addressing several important issues, from simplifying reporting for renewable-energy tax credits to finalizing rules around stock-repurchase taxes and crypto transactions. However, my attention is also focused on the upcoming election,...
by candy | Feb 20, 2025 | Featured, IRS
As we look ahead to the 2025 tax year (for filings in 2026), the IRS has made several important adjustments to tax brackets, standard deductions, and other financial thresholds. These changes, driven by inflation, may impact your tax planning. Here’s an overview of...
by candy | Jan 27, 2025 | IRS
The IRS has released interim guidance for sponsors of 401(k) and similar retirement plans who wish to offer matching contributions based on employees’ student loan payments. This is made possible by Section 110 of the SECURE 2.0 Act of 2022, which, starting in 2024,...