by GCK Legal | Sep 19, 2024 | News
A coalition representing the Internal Revenue Service, state tax agencies and the nation’s tax industry today announced a new joint effort to combat the growth of scams and schemes threatening taxpayers and tax systems. The new combined effort follows a variety of...
by GCK Legal | Sep 19, 2024 | News
The U.S. Secretary of Treasury and the IRS Commissioner made remarks at the IRS campus in Austin, Texas, to announce new initiatives under the Inflation Reduction Act that will ensure wealthy individuals pay their taxes, enhance taxpayer service through the Digital...
by GCK Legal | Jun 15, 2023 | News
If your client makes energy efficiency improvements to their home, they may be eligible for the energy efficient home improvement and residential clean energy tax credits for part of the qualifying expenses. Check out an IRS video on energy efficient home improvements...
by GCK Legal | Jun 15, 2023 | News
A new reporting threshold for Form 1099-K, Payment Card and Third-Party Network Transactions, will start in tax year 2023. Encourage your clients to start keeping good records now for the next filing season. Find more information at IRS.gov/1099k.
by GCK Legal | Jun 15, 2023 | News
Allowable Living Expense (ALE) standards for 2023 will be available April 24. The ALE standards reduce subjectivity when determining what a taxpayer may claim as basic living expenses to avoid undue hardship when the taxpayer must delay full payment of a delinquent...
