Rio Bayani7 days ago2 min readWhat You Need to Know About New IRS Rules on Syndicated Conservation EasementsThe IRS has issued new rules on syndicated conservation easements, labeling them as abusive tax transactions that must be reported.
Rio BayaniOct 112 min readUnderstanding the IRS 2022 Tax Gap Projections: What It Means for YouThe IRS projects a $696B tax gap for 2022, but voluntary compliance remains steady at 85%. Stay informed and file accurately!
Rio BayaniSep 273 min readNew IRS Process for Payroll Companies: Simplifying Employee Retention Credit ClaimsThe IRS has launched a new process for payroll companies to easily correct Employee Retention Credit claims for clients.
Rio BayaniAug 232 min readGet Ready for a Paperless Tax Experience: What You Need to KnowThe IRS is going paperless! Starting in 2024, you can file taxes and handle correspondence online, speeding up processing and refunds.
Rio BayaniJul 132 min readUnderstanding New IRS Guidance on Retirement Plan Distributions for Emergency Expenses and Domestic Abuse SurvivorsExplore IRS Notice 2024-55: Learn how new exceptions for retirement plan distributions support individuals facing emergencies and domestic a
Rio BayaniJul 82 min readIRS Targets Abusive Partnership TransactionsIRS intensifies focus on abusive partnership transactions, targeting tax schemes exploiting legal loopholes.