The IRS has issued a timely reminder to employers: File Forms W-2 and W-3 with the Social Security Administration by Jan. 31. Make sure the employer identification numbers (EIN) on the W-2s and W-3s,...

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Employers who are expecting advance payments of the Employee Retention Credit (ERC) should expect delays, the IRS recently warned. The ERC is a refundable credit enacted and extended by pandemic relief laws. The credit...

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Two deadlines for reporting backup withholding are coming up. A recent IRS Tax Tip reminds businesses and other payers of the deadlines if they withheld taxes from certain payments made in 2021. Businesses are...

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The IRS is mailing letters to taxpayers who received monthly advance Child Tax Credit (CTC) payments in 2021. The letters will help parents anticipate any remaining credit to be paid this year and provide...

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Tax errors can be costly for small businesses. Accidentally failing to comply with tax laws, violating tax codes, or filling out forms incorrectly can leave taxpayers and their businesses open to possible interest and...

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As part of its response to the COVID-19 pandemic, the IRS has taken steps to protect taxpayers by minimizing the need for in-person contact. For example, the IRS is temporarily allowing taxpayers to use...

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Estimated tax payments for the fourth quarter of 2021 are due on Jan. 18, 2022. In general, individuals (including sole proprietors, partners, and S corporation shareholders) must make estimated tax payments if they don’t...

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