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Mitigating the Risk of Deepfake Fraud

Mitigating the Risk of Deepfake Fraud

With the rise of AI, deepfake fraud is on the rise, resulting in significant financial losses for companies. Explore the need for increased employee education and enhanced security measures. Reach out to us to learn how to protect your organization against these sophisticated cybercrimes.
IRS announces increased audit activity for personal usage of corporate planes

IRS announces increased audit activity for personal usage of corporate planes

An IRS examination of this issue can be time intensive and arduous if the business does not take the necessary proactive steps to ensure all required documents are in order to defend the company's position in front of the IRS.
IRS announces new initiative aimed at high-income non-filers

IRS announces new initiative aimed at high-income non-filers

IRS announces initiative aimed at high-income earners who have not filed tax returns. IRS estimates 125,000 instances of non-filing.
Updated Form 8283 contains modest revisions

Updated Form 8283 contains modest revisions

The December 2023 revision of Form 8283 includes new reporting for digital assets, certified historic structures and passthrough entity information.
Maximize Your Health Savings With an HSA

Maximize Your Health Savings With an HSA

Maximize your health savings account benefits and avoid unnecessary taxes and penalties. Discover the eligibility criteria, benefits, and how to effectively manage your HSA.
Revising our 2024 inflation outlook: Moving back to a 2% target

Revising our 2024 inflation outlook: Moving back to a 2% target

We expect the Fed to begin cutting rates in June, and that the central bank will reduce its policy rate four times this year, by 25 basis points each.
Tax relief bill passes House, faces uncertain fate in Senate

Tax relief bill passes House, faces uncertain fate in Senate

Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
IRS releases guidance on PIN requirement for energy efficiency home improvement credit

IRS releases guidance on PIN requirement for energy efficiency home improvement credit

The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C.
Understanding the Backdoor Roth IRA

Understanding the Backdoor Roth IRA

Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective tool for you.
IRS Opens ERC Voluntary Disclosure Program

IRS Opens ERC Voluntary Disclosure Program

If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.
Nebraska lawmakers propose ‘EPIC’ SALT reforms

Nebraska lawmakers propose ‘EPIC’ SALT reforms

Would life in the Cornhusker state be better if funded entirely through a sales tax? Voters may have a chance to find out in 2024.
The logic of a Fed policy pause and then rate cuts in 2024

The logic of a Fed policy pause and then rate cuts in 2024

After nearly two years of raising the federal funds rate to restore price stability, the Federal Reserve has all but declared an end to that campaign.
State income tax law changes for the fourth quarter of 2023

State income tax law changes for the fourth quarter of 2023

A summary of state and local income tax updates enacted during the quarter ending Dec. 31, 2023, which may impact current or deferred tax provisions.
Beware of state equivalent 1099 filing obligations

Beware of state equivalent 1099 filing obligations

As millions prepare to file federal forms 1099, the obligation to file state equivalent returns is often overlooked.
IRS to provide automatic penalty relief to eligible taxpayers

IRS to provide automatic penalty relief to eligible taxpayers

The IRS recently announced that taxpayers will receive penalty relief for failure to pay penalties incurred in tax years 2020 and 2021.