This week's bulletin highlights the latest IRS rulings, including a new Voluntary Disclosure Program for Employee Retention Credit claims, updates on retirement plan rates, and SECURE 2.0 guidance.
Read this article to learn how U.S. citizens or residents married to nonresident aliens can elect to file jointly by treating the nonresident spouse as a U.S. resident for tax purposes.
In this release, IRB 2024-35 addresses estate tax interest rates for farm property, 501(c)(3) revocations, and proposed rules on loss deductions for multinational corporations.
When landlords hire resident managers and offer reduced or free rent as part of their compensation, the tax implications can differ based on certain conditions. To understand how this impacts both the landlord and the resident manager, read this article.
The IRS introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program for 2021 claims, aiming to address improper ERC claims. Participants must meet specific criteria and remit 85% of the claimed ERC.
