Tax Records

How Long Should You Keep Old Tax Records?

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
tcja

Major Tax Sunset of TCJA Provisions on the Horizon

In late 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which made enormous changes to income tax laws. There is a major sunset of these provisions on the horizon.
New Final Rule on Independent Contractors Takes Effect in March cover

New Final Rule on Independent Contractors Takes Effect in March

Employers, have you heard the latest issued by the DOL on how to legally differentiate independent contractors from actual employees?
New For 2024: Business Beneficial Ownership Reporting cover

New For 2024: Business Beneficial Ownership Reporting

The passing of the Corporate Transparency Act (CTA) has introduced new Beneficial Ownership Information (BOI) reporting requirements for businesses.
IRS Disallowing 20,000 Employee Retention Tax Credit (ERTC) Claims cover

IRS Disallowing 20,000 Employee Retention Tax Credit (ERTC) Claims

In an ongoing effort to combat questionable Employee Retention Tax Credit (ERTC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.
IRS Restarts Collection Notices But Adds Penalty Relief cover

IRS Restarts Collection Notices But Adds Penalty Relief

Explore the latest IRS penalty relief measures, offering a lifeline to millions facing back taxes. Fiducial has the details you need to know.