by TIG Tax Services | Jan 10, 2025 | Tax Updates
WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025. These taxpayers now have until Oct. 15, 2025, to file various...
by TIG Tax Services | Jan 10, 2025 | Tax Updates
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll...
by TIG Tax Services | Jan 10, 2025 | Tax Updates
Free File program now open; Direct File available starting Jan. 27 for taxpayers in 25 states WASHINGTON — The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced...
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...
