As you file your 2023 tax return, start thinking about how you can boost itemized deductions for 2024. You may be able to “bunch” medical expenses so you exceed the 7.5% of adjusted gross...

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IRS notice 2024-22 provides anti-abuse guidance to employers that offer the new pension-linked emergency savings accounts (PLESAs). The procedures are intended to prevent participants from manipulating rules to cause excessive matching contributions. According to...

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Late last year, the IRS announced a delay in releasing the Form 1099-K, Payment Card and Third Party Network Transactions, $600 reporting threshold for third-party settlement organizations. These include payment apps and online marketplaces....

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Did your address change in 2023? If so, it’s important to notify the IRS of your correct address for your home or business. You can easily inform the IRS of changes to your home...

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A reminder for businesses: Use IRS Form 8300 to report cash transactions of $10,000 or more within 15 days of a transaction. If you file electronically, forms are delivered to the Financial Crimes Enforcement...

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Coming on the heels of its recent passage of the proposed Tax Relief for American Families and Workers Act, the U.S. House of Representatives may soon vote on another tax-related bill, the SALT Marriage...

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To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us...

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It’s easy to overlook smaller amounts of income when it’s time to prepare your tax return. Taxpayers must generally include all income, not just the amount they find on an employer-generated W-2 form. For...

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The IRS has launched an outreach campaign designed to help low- to moderate-income taxpayers learn about the earned income tax credit (EITC). The IRS estimates that about one in five EITC-eligible taxpayers don’t claim...

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The SECURE Act made several notable changes to 401(k) plan eligibility. Currently, employers can require part-time employees to work three years or three consecutive 12-month periods of at least 500 hours of service each...

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