Technology
…the Affordable Care Act, and increases funding for the Internal Revenue Service. The Disaster Act extends over 30 expired tax provisions through 2020. Individual Tax Provisions Extended by the Act…
…have a filing requirement if they meet the $500,000 threshold. While the regulation did not include an effective date for the change, we understand that the Massachusetts Department of Revenue…
…all matters pertaining to the interpretation, administration and enforcement of the Internal Revenue Laws, recently provided interpretive advice to taxpayers on two issues related to cryptocurrencies. 1. IRC Section 165…
New partnership and S corporation taxpayer forms create havoc and confusion In 2021, the Internal Revenue Service (IRS) issued new schedules K-2 and K-3 for 2021 partnership and S corporation…
Three IRS rules impacting Forms W-2 The Internal Revenue Service (IRS) is reminding businesses that changes under the SECURE 2.0 Act may affect reporting amounts on Forms W-2 beginning tax…
…for the first time, the Internal Revenue Service (IRS) is adding QR technology to notices sent to millions of taxpayers. Notices CP14 and CP14 IA, which inform taxpayers that they…
The Internal Revenue Service (IRS) has created numerous resources for taxpayers to learn about tax-related identity theft and action steps for identity theft victims. With tax season in full swing,…
…stock. If at least 30% of the stock is sold to an ESOP, the selling owner/shareholder can reinvest the proceeds in qualified replacement property and defer recognition of the gain….
…(Subtopic 350-60) ASU 2023-08 gives specified guidance for subsequent measurement, presentation and the disclosure of crypto assets to increase transparency. Initial measurement, recognition, and derecognition of crypto assets remain in…
…national recognition is particularly significant to us because it is based entirely on employee feedback collected through a confidential survey conducted by Energage. The evaluation measures key aspects of workplace…
…should come as no surprise that Richmond would continue to gain national recognition for it’s benefits of visiting, living, and working in the city. Excerpt: “We’ve got Spacebomb Records, GWAR,…