by TIG Tax Services | Jan 10, 2025 | Tax Updates
WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace...
by TIG Tax Services | Jan 9, 2025 | Tax Updates
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest – TOIs – subject to the rules for reportable...
by TIG Tax Services | Jan 9, 2025 | Tax Updates
WASHINGTON – The Internal Revenue Service today granted taxpayers an extra day, until Friday, Jan. 10, 2025, to file any return or pay any tax originally due on Thursday, Jan. 9. The IRS granted the extra time following the Dec. 29 Presidential Proclamation...
by TIG Tax Services | Jan 8, 2025 | Tax Updates
Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs. The IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 15, 2025.
by TIG Tax Services | Jan 8, 2025 | Tax Updates
As tax filing season approaches, the IRS Get Ready campaign reminds taxpayers of simple steps they can take now to get ready to file their 2024 federal tax returns. As the IRS continues its digital transformation, it’s making filing easier for taxpayers by providing...
