IRS tax planning
The IRS’s recent proposal to shorten the third-party notice requirement from 45 days to just 10 days is raising concerns about taxpayer rights and the potential erosion of due process.
December 30, 2024
Skip to content The IRS’s recent proposal to shorten the third-party notice requirement from 45 days to just 10 days is raising concerns about taxpayer rights and the potential erosion of due process.
As Donald Trump returns to the political spotlight, business owners are watching closely for potential tax changes that could impact their bottom line. While specific policy changes remain uncertain, the
Each year, the IRS adjusts various tax provisions to account for inflation, impacting standard deductions, income thresholds, and retirement contributions. These adjustments are particularly relevant for business owners who need
Starting January 1, 2025, the IRS is implementing new interest rates for tax overpayments and underpayments. These quarterly adjustments, based on the federal short-term rate, are critical for business owners
As we approach the end of 2024, the IRS has released its annual inflation adjustments for tax year 2025, which will significantly impact individual taxpayers and business owners alike. These
State and local tax (SALT) regulations are evolving rapidly, and 2025 promises to bring even more changes that will challenge businesses and their advisors. For business owners, staying ahead of
As President-elect Donald Trump prepares for his second term, significant tax policy changes are on the horizon that could impact business owners nationwide. Building upon the 2017 Tax Cuts and
The IRS’s recent recovery of $1.3 billion from wealthy tax dodgers highlights a renewed focus on tax enforcement, thanks to funding provisions in the Inflation Reduction Act (IRA). While this
As we approach 2025, state and local tax (SALT) regulations are becoming increasingly complex. For business owners, staying ahead of these changes is critical to ensuring compliance and avoiding costly
The IRS is at a critical juncture, facing potential funding cuts that could significantly impact its ability to enforce tax compliance, improve taxpayer services, and modernize its technology. Business owners
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