The holidays are a time for gratitude, and when they arrive, many employers are planning to show appreciation by giving gifts to their staff. Different types of gifts can have different tax consequences. So...

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The IRS is providing penalty relief during the first three quarters of 2026 for banks and money transfer companies (so called “remittance transfer providers”) that fail to deposit a new 1% federal remittance transfer...

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Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution (ADR) mediation programs. These programs can help taxpayers efficiently resolve tax issues with the...

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The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include new information return...

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The deadline to file an individual extended federal income tax return for 2024 is coming soon, on Wednesday, Oct. 15. If you still need to file, you should gather Social Security numbers for everyone...

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Do you own a business (or are you self-employed) and have you extended your 2024 income tax return to Oct. 15, 2025? You may still be able to reduce your 2024 tax liability by...

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IRS Form 1099-DA is a new tax form to be used by brokerage companies to report clients’ digital asset transactions, such as cryptocurrency and nonfungible token trades. The form is currently scheduled to be...

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The IRS has released new 2025–2026 special per diem rates for ordinary and necessary business expenses incurred when traveling away from home. The guidance includes: 1) special transportation industry meals and incidental expenses (M&IE)...

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As the fall season begins, thoughts turn to year-end tax planning. An overlooked area of the tax code is the “kiddie tax.” It generally applies to most unearned income of children under age 19...

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As a reminder, beginning, today, Sept. 30, 2025, the federal government will no longer issue paper checks, including those for tax refunds, Social Security benefits and more. Also, certain federal agencies, such as the...

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