Common but Costly Errors Employers Should Avoid When Filing Taxes or Claiming Credits

This article was published by the IRS. Employers filing employment tax returns and claiming an employer tax credit should read the instructions for Form 941 and carefully complete the form to avoid mistakes. Using a reputable tax preparer including a certified public accountant, enrolled agent or other knowledgeable tax professional can also help avoid errors. Mistakes [...]

Taxpayer Advocate Service: Helping Taxpayers Navigate Their IRS Issues or Concerns

This article was published by the IRS. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers and protects taxpayers' rights. They can offer help when tax problems cause a financial difficulty. When the taxpayer has tried and been unable to resolve their issue with the IRS, or a taxpayer believes [...]

IRS Help for Employers Wanting to Rehire Retirees or Keep Them after Retirement Age

This article was published by the IRS. The IRS reminds employers they generally won't jeopardize the tax status of their pension plans if they rehire retirees or permit distributions of retirement benefits to current employees who have reached age 59 ½ or the plan's normal retirement age. With the COVID-19 pandemic, many employers, including governmental employers, [...]

COVID Tax Relief: IRS Provides Broad-Based Penalty Relief for Certain 2019 and 2020 Returns Due to the Pandemic; $1.2 Billion in Penalties Being Refunded to 1.6 million Taxpayers

This article was published by the IRS. To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service has issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is also taking an additional step to help those who paid these penalties [...]

COVID Relief: IRS Helps Employers Wanting to Rehire Retirees or Retain Employees after Retirement Age

This article was published by the IRS.  To help address COVID-related labor shortages, the Internal Revenue Service is reminding employers that they generally will not jeopardize the tax status of their pension plans if they rehire retirees or permit distributions of retirement benefits to current employees who have reached age 59 ½ or the plan's normal [...]

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