The IRS started accepting tax returns on January 29th, but on January 31st, the House passed the Tax Relief for American Families and Workers Act of 2024, which could impact…
On January 19, 2024, the bipartisan House Ways and Means Committee advanced H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024,” to the House floor by a…
The following is a reprint from the 2023 University of Illinois Federal Tax Workbook, Chapter 12: Rulings and Cases. The video is a discussion of the case by instructor Jerry Brune during…
Guest video blogger, Larry Gray (AGC Solutions), explains the basics of Beneficial Ownership Information (BOI). BOI is issued by the Financial Crimes Enforcement Network (FinCEN). According to BOI, qualifying small…
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Since highlighting the Employee Retention Credit (ERC) on its annual Dirty Dozen list of tax scams, the IRS’ latest measure to help correct an influx of inaccurate credit claims is…
As the 2023 tax filing season begins, practitioners should also keep in mind 2024 tax numbers and rates that will impact their clients for the current year. The IRS issued these numbers late last year through news releases and publications, of which the highlights are summarized in this blog.
