IRS Releases 2024 tax inflation adjustmentsBy RSM US LLP | November 13, 2023IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.Read more...
IRS releases 2024 retirement plan limitationsBy RSM US LLP | November 3, 2023Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.Read more...
IRS announces ERC Withdrawal ProgramBy RSM US LLP | October 19, 2023IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.Read more...
What to do if you filed an employee retention credit claim with the IRSBy RSM US LLP | September 19, 2023ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?Read more...
IRS halts employee retention credit processingBy RSM US LLP | September 15, 2023The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.Read more...