2024 IRS Contribution Maximums
The 2024 IRS contribution maximums for retirement plans have been announced.
5 Common ROBS Mistakes and How To Fix Them
Many business owners are unaware that once they establish a ROBS plan, they assume certain legal responsibilities related to compliance regulations. Learn about common mistakes that ROBS entrepreneurs make with tips on how to correct any current errors and avoid potential future issues.
What the IRS Will Target in 2018: Retirement Plans
On September 28, 2017, the IRS released its 2018 work plan, detailing several operational and compliance failures in Sep IRA/Simple IRA, 401(k), 403(b) and …
IRS Extends Relief to Business Owners & Employees Affected by Hurricane Irma
In the wake of Hurricane Irma, the IRS has issued a number of benefits, similar to those extended after Hurricane Harvey, to business owners …
Feeling Stuck? The 8 Most Commonly Asked Questions During Tax Season and Their Answers
The Internal Revenue Service (IRS) is reminding taxpayers that the next couple of weeks are the busiest time of year for IRS calls. Taxpayers …
The Free Tax Filing Tool You Need This Tax Season
As the start of tax filing season approaches, the Internal Revenue Service (IRS) is reminding taxpayers to start thinking about who will prepare their …
Tax Professionals: Protect Your Clients and Yourself from Identity Theft
The Security Summit, the partnership between the IRS, state tax agencies and the tax community formed to combat identity theft, recently announced it expanded …
I Received My IRS Compliance Statement… What’s Next?
What is an IRS Compliance Statement? When a plan sponsor and the IRS agree with the proposed correction to retirement plan errors disclosed in a …