Topics: IRS Guidance
-
Kwong v United States: COVID Tax Penalty Refunds
Kwong v United States may suspend COVID-era tax deadlines through July 2023, opening penalty refund opportunities. Learn who qualifies.
-
Employee Retention Credit: IRS Resumes Processing ERC Claims
The IRS lifted its ERC moratorium and is processing Employee Retention Credit claims. Learn about eligibility, disallowance risks, deadlines, and what to expect.
-
Pass-Through Entity Tax: GAAP Reporting and Planning
How pass-through entity tax elections work under GAAP, including ASC 740 vs. distribution treatment and the new SALT cap’s impact.
-
ERC Voluntary Disclosure
The ERC voluntary disclosure program lets taxpayers repay just 80% of incorrectly claimed Employee Retention Credits with no interest charges. Learn eligibility, deadlines, and…
-
Payroll Tax Deferral: IRS Notice 2020-65 Explained
IRS Notice 2020-65 defines payroll tax deferral eligibility, the $4,000 bi-weekly wage limit, and repayment deadlines for employers.
-
Fair Value Accounting for Financial Reporting
Fair value accounting requires measuring assets and liabilities at their exit price under ASC 820. Learn the fair value hierarchy, methods, and when it…
-
NQDC Plan Tax Rules Every Executive Should Know
NQDC plan tax rules under Section 409A: deferral deadlines, distribution triggers, employment taxes, and penalties executives must know.
-
Mid-Year Retirement Plan Amendment Rules After the Windsor
The IRS allows mid-year retirement plan amendments to 401(k) and 403(b) safe harbor plans following the Supreme Court’s Windsor decision. Learn the rules and…
-
Vehicle Depreciation Deduction Limits
Learn the IRS vehicle depreciation deduction limits for passenger automobiles, trucks, and vans, including annual caps and bonus depreciation rules.