WASHINGTON — The Internal Revenue Service sent a reminder to taxpayers who pay estimated taxes that the deadline to submit their third quarter payment was Sept. 15, 2023.
Taxpayers not subject to withholding may need to make quarterly…
WASHINGTON — The Department of Treasury and the Internal Revenue Service today issued Notice 2023-64PDF to provide additional interim guidance designed to help corporations determine whether the new corporate alternative minimum tax (CAMT)…
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WASHINGTON — The Internal Revenue Service continues to warn businesses to watch out for aggressive marketing by nefarious actors involving the Employee Retention Credit (ERC) and urged people to watch out for red flags that can signal trouble.
The…
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WASHINGTON — The Internal Revenue Service today announced the availability of expanded chatbot technology to help quickly answer basic questions for people receiving notices about possibly underreporting their taxes.
The new chatbot feature…
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WASHINGTON — The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns…
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Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing season, IRS to achieve paperless processing for all tax returns by filing season 2025
FS-2023-18, Aug. 2023
IRS paperless processing initiative will eliminate…
WASHINGTON —The Internal Revenue Service today announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement…
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WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023.
For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily.…
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Starting July 1, 2023, Florida now requires that employers verify their new employee’s employment eligibility using E-Verify in addition to the Federal Form I-9. This new requirement applies only to employers where the new employee will be…
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IRS reminds gig workers, self-employed to pay quarter estimated taxes
IRS clarifies rules for new corporate alternative minimum tax
Red flags for Employee Retention Credit claims
IRS expands use of chatbots to help answer questions on key notices
IRS: Those impacted by Idalia qualify for tax relief
IRS launches paperless processing initiative
Businesses must report of Cash Payments Over $10,000, beginning January 1, 2024
Interest rates increase for the fourth quarter 2023
Florida E-Verify Requirement Effective July 1, 2023