Articles

How Do You Keep Businesses In Families In Changing Times?
Many business owners want to keep their family business within their families. But demographics and generational issues are making that tougher. Companies are often heirless,
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The Employee Retention Credit
Background The ERC was initially enacted in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide eligible employers
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How Clients Can Whittle Down Medicare's IRMAA
Clients nearing Medicare age should know about IRMAA (Income-Related Monthly Adjusted Amount), inflation-adjusted surcharges on parts B and D of Medicare. IRMAA surcharges—which first appeared
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Stay tax compliant across multistate operations
State and local taxes are arguably the most complex part of the tax system in the U.S., and for businesses that operate across state lines,
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IRS encounters Form 1065 processing glitches
The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and
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$1B in 2020 tax refunds remains unclaimed
The Internal Revenue Service said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running
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IRS warns of money mule networks
The Internal Revenue Service's Criminal Investigation unit issued a warning Tuesday about the use of "money mule networks," criminals who exploit networks of innocent people
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IRS delays Form 1042 e-file requirement
The Internal Revenue Service issued a notice Tuesday granting an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for
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How To Help Clients Avoid Tax Scams
Tax-related scams this year are sophisticated, using the latest in graphic reproduction and personal communication tech to trick taxpayers, especially wealthy clients, advisors say. “Everyone
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Complying with the Corporate Transparency Act
By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. There have been many articles
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Last year’s strong market performance means this year’s required minimum distributions (RMDs) are likely to rise for many retirees. For some, that’s good news. For
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Some public companies are still trying to figure out how to comply with new rules from the US Securities and Exchange Commission requiring speedy disclosure
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