Why You May Receive an IRS Form 1099-K This Year
Effective for 2022 and beyond, Congress reduced the threshold for the Form 1099-K filing requirement. Fiducial explores the ways taxpayers can be affected.
IRS News Regarding Employer Reversion and Spinoff/Termination
What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.
Worried About an IRS Audit? Advanced Preparation is Key
IRS audit rates are historically low, but that’s little consolation if your return is chosen. With proper preparation and planning, you should fare well.
Calling All Employers: A Quick Refresher on Employment Taxes
What are the requirements for employers regarding federal employment taxes? It’s not a bad idea to occasionally review the basics of employment taxes.
Assessing the ERISA Impact on a Telehealth Benefit
Many employers formally offer telehealth as an employee benefit. Is such a benefit subject to the Employee Retirement Income Security Act (ERISA)?
Should There Be New Tax Rules for Telecommuters?
Employers and employees enjoy being telecommuters - even post-pandemic. Should the IRS update the tax rules re: the deductibility of travel expenses?
Year-End Tax Planning Ideas for Your Small Business
Are you deferring income and accelerating deductions to minimize taxes? How about bunching deductible expenses this year? Get your tax planning started!