Penalty Relief under the OBBBAabswilsNov 14, 20251 min readThe IRS has announced penalty relief for the 2025 tax year for new tip and overtime reporting rules. For more information, read the PDF attached.Federal Tax Day - Current, I.1, IRS Grants 2025 Penalty Relief for New Tip and Overtime ReDownload 1, IRS GRANTS 2025 PENALTY RELIEF FOR NEW TIP AND OVERTIME RE • 48KB
Firms Warn About IRS CP53E Notice ScamsAccounting firms are seeing an increase in scams involving the notices the IRS is sending to taxpayers when they don't provide their direct deposit information. See PDF linked below to read more.
IRS Paper Checks DeadlineThe IRS, SSA, U.S. Department of Veteran Affairs, and other federal agencies will be phasing out physical checks by September 30. For...
Sales and Use Tax on Data and ITThe Comptroller of Maryland has released a bulletin with information regarding a sales and use tax on data and information technology.
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