Tax Blog
The latest tax tips and news from TallyPage Accounting and Bookkeeping
RSS is deleted
What is FetchRSS? RSS Generator First of all it's an online RSS feed generator.This service allows you to create RSS feed out of almost any web page. Your only task is to provide us with target URL and point on desired blocks in our visual RSS builder.The rest is our...
ERC Voluntary Disclosure Program Deadline is March 22
Many businesses, enticed by misleading information, have found themselves unwittingly in non-compliance with ERC regulations. The IRS has urged tax preparers to act soon to verify their compliance, emphasizing the need for proactive review and correction. To help tax...
IRS Warns Tax Preparers of EFIN Documentation Scam
Tax season is in full swing, and with it comes a surge in scams targeting tax professionals. The Internal Revenue Service (IRS) and Security Summit partners have issued a warning about a new email scam that impersonates various software companies, aiming to steal...
Victims of ERC Fraud Can Use Voluntary Disclosure Program Through March 22
The Employee Retention Credit (ERC), initially introduced as part of the CARES Act in 2020 and extended through subsequent legislation, aims to provide financial relief to businesses impacted by the COVID-19 pandemic. However, claiming this credit requires adherence...
IRS Clarifies Digital Assets Not the Same as Cash—Yet
In a significant move last week, the Treasury Department and IRS announced that digital assets received by businesses do not follow the same reporting requirements as cash assets in 2024, at least until the issuance of specific regulations. This announcement comes...
Meet Drake Pay: an Integrated Payment Processing Solution
Drake Software® is excited to introduce Drake Pay™, a payment integration solution that works seamlessly with Drake’s suite of software products. This solution allows our customers to accept payments from their clients effortlessly and directly in their tax...
2023 IRS Disaster Relief
Filing deadlines often change for taxpayers in regions that experience natural disasters. When these extreme weather events hit, the IRS frequently provides tax due date extensions. The relaxed due dates are intended to give more time to the individuals and businesses...
Name, Image, and Likeness (NIL) Income for College Athletes [DOWNLOAD]
Name, Image, and Likeness (NIL) income, or income gained from personal brand influence, has opened opportunities for student-athletes in college athletics. With the additional income stream comes new tax implications, however, that many student-athletes have not...
IRS Announces Penalty Relief for Nearly 5 Million Tax Returns
The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations. This relief is aimed at those who did not receive automated collection reminder notices during the pandemic, which...
IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023
The Internal Revenue Service updated and modified guidance surrounding an assortment of clean energy credits and other provisions over the closing days of 2023. Some of the changes will be in effect next tax season, while other alterations will not be realized for a...
TallyPage Accounting and Bookkeeping
PH: 646-708-2195
806 W BEECH ST
Long Beach, NY, 11554
Info@TallyPage.com
CONTACT US
806 W BEECH ST
LONG BEACH, NY, 11554
INFO@TALLYPAGE.COM