Among the many unusual things that happened during the COVID-19 pandemic, perhaps the most unusual was states rebating tax money to their citizens. As described in IRS notice IR-2023-23, 21…
As the 2023 filing season begins, taxpayers and their preparers must sort through new guidance and rules to determine their requirements for the 2022 tax year. This post details 10 key considerations for these returns.
On January 18, our Illinois Tax Issues & Updates webinar was packed full with nearly 1,000 attendees. The audience was very engaged, and over 100 questions came in during the…
If you expect to prepare S corporation or partnership tax returns this year, you probably welcomed the language of draft instructions for Schedules K-2 and K-3. The instructions released in…
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The new SECURE 2.0 Act contains many provisions covering retirement plans, going beyond what was provided in the original SECURE Act. Passed in the last days of 2022, the…
By November 2023, employers with 5 or more employees are required to register for this program unless they have established a retirement plan for their employees or have been in…
