The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 tax year.
The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.
With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.
Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates for taking required minimum distributions from retirement plans.