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Recent Updates

2023 Auto Release Posted

Dec 19 in Tax Info

2023 Automobile Rules Computation for Personal Use has been posted to our website.

Businesses: New corporate transparency reporting rules effective 1/1/24

Dec 16 in Emerging Tax and Regulations Alert, Tax Info

New reporting requirements take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required to provide information related to their “beneficial owners” — the individuals who ultimately own or control the company — to the Financial Crimes Enforcement Network (FinCEN). Failure to do so may result in civil ... Read More ›

Reminder: New IRS electronic filing requirements for 2024

Dec 06 in News Flashes, Tax Info

The Internal Revenue Service (IRS) has issued final regulations that reduce the electronic filing threshold from 250 W-2s to 10 informational returns (such as Forms W-2 or 1099), beginning January 2024.   If you file 10 or more informational returns, you must file electronically unless the IRS grants a waiver or exemption.

For further information and specifics, Read More ›
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