Tag: IRS
-
Business and Other Mileage Rates Increase for the Second Half of 2026
The IRS increased 2026 standard mileage rates for business, medical and qualifying moving expenses starting July 1. Learn what changed and how it may affect deductions and reimbursements.
-
IRS Rolls Out Automatic Penalty Relief
Learn how the IRS Automatic Exemption from Penalty program may help qualifying taxpayers avoid certain late-filing, late-payment, and deposit penalties automatically.
-
IRS Final Regulations Clarify the Qualified Cash Tips Deduction
The IRS finalized rules for the qualified cash tips deduction, clarifying eligible occupations, voluntary tips, manager rules and anti-abuse standards.
-
Filed Your Taxes? Here’s What to Do Next
Filed your taxes already? Learn what to do next, including how long to keep tax records, when to update withholding, how to review estimated payments, and how to handle an IRS notice.
-
New payroll and information reporting rules demand immediate action
Learn how the One Big Beautiful Bill Act (OBBBA) changes payroll tax reporting and information return rules starting in 2026. Discover new thresholds, tip and overtime deductions, and Form W-2 updates.
-
IRS extends relief for inherited IRAs
If you’ve inherited an IRA, you need to know about the latest IRS guidance.
-
IRS offers a withdrawal option to businesses that claimed ERTCs
The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.
-
IRS suspends processing of ERTC claims
With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.
-
IRS issues guidance on new retirement catch-up contributions
The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.
-
How construction business owners can prepare for an IRS audit
No one likes the prospect of an IRS audit, and this certainly includes construction business owners. But there are ways to always be ready and to ease the pressure if it does happen.