Annual Adjustments to Penalties for Health Benefits & Employer Plans
DOL announced 2023 annual adjustments to penalties for benefits-related violations. 2023 adjustments are effective for penalties assessed after 1/15/2023.
What Do You Do If the IRS Wants to “Audit” Your Tax Return?
The word “audit” tends to strike fear in the hearts of American taxpayers. However, the truth is that not every audit is a result of a problem.
Employers Should Be Wary of ERC Claims That Are Too Good to Be True
The ERC was a tax credit for employers that kept workers on staff during the pandemic. It is no longer available, but eligible employers can still claim it.
The IRS Achieves a 99% Conviction Rate - Say No to Tax Evasion
The IRS recently came out with its annual Enforcement Report. If you've ever considered tax evasion, the numbers are very firmly against you.
The IRS Plans on Targeting Abusive ERTC Claims
The ERTC provides refundable tax credits to employers that kept workers on payroll during the pandemic. This is a credit against the employer payroll taxes.
Tax Planning Issues You Should Consider at Year-End
Year-end is approaching as are the holidays. Before the seasonal celebrations, consider year-end tax planning moves to benefit you for both 2022 and 2023.
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.