IRS

The IRS has published final regulations for the Section 45X advanced manufacturing production credit. The final regs update several significant areas from the proposed regs released in late 2023. The credit in a nutshell The Sec. 45X credit was created […]

The IRS has issued its 2025 inflation-adjusted contribution amounts for retirement plans in Notice 2024-80. Many retirement-plan-related limits will increase for 2025 — but less than in prior years. Thus, depending on the type of plan you have, you may have […]

The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships." The IRS's actions are prompted by its belief that some partnerships are using transactions […]

The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of them.

The IRS has issued final regulations regarding inherited IRAs and other defined contribution plans.

The IRS has issued final regulations regarding the Advanced Manufacturing Investment Credit (often referred to as the “Sec. 48D credit”). Here’s what manufacturers need to know.

If you’ve inherited an IRA, you need to know about the latest IRS guidance.

The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 tax year.

Thinking about using an ESOP as an exit strategy? Business valuations are critical to avoid missteps with the IRS and U.S. Department of Labor.

The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.

With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.