The Taxpayer Bill of Rights is the 10 rights all taxpayers have any time they interact with the IRS. These rights cover a wide range of topics and issues, and they explain what taxpayers can expect if they need to work with the IRS on a tax matter. This includes when...
IRS
Review Warning Signs and Resolve Incorrect Employee Retention Credit Claims Soon
The IRS shared seven warning signs of incorrect ERC (Employee Retention Credit) claims and is urging businesses to revisit their claims and apply to the ERC Voluntary Disclosure Program before the March 22, 2024, application deadline. The program helps employers repay...
Required Minimum Distributions: Beneficiaries
Beneficiaries of retirement plan and IRA accounts are subject to required minimum distribution (RMD) rules. The SECURE Act changed how and when beneficiaries who are individuals must take distributions for account owner deaths after 2019.There were no changes to the...