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Second Part of ERC Withdrawal Process “Soon” – Werfel
The Internal Revenue Service is still working on the details of how it is going to help taxpayers that may have fallen for deceptive marketing that led them to improperly receive employee retention t...

Form 1099-K Reporting Threshold Delayed for TPSOs for 2023, Notice 2023-74; IR-2023-221; IRS Fact Sheet FS-2023-27
The IRS has announced that calendar year 2023 would continue to be regarded as a transition period for enforcement and administration of the de minimis exception for reporting by third party set...

IRS Releases 2024 Inflation-Adjusted Tax Tables, Standard Deduction, AMT and Other Amounts, IR-2023-208; Rev. Proc. 2023-34
The IRS has released the annual inflation adjustments for 2024 for the income tax rate tables, plus more than 60 other tax provisions. The IRS makes these cost-of-living adjustments (CO...

2024 Inflation Adjustments for Pension Plans, Retirement Accounts Released, Notice 2023-75; IR-2023-203
The 2024 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions have been released by the IRS. In general, many of the pension ...

IRS Reminds Eligible Previous Years’ Non-Filers to Claim Recovery Rebate Credit, IR-2023-217
The IRS reminded taxpayers who may be entitled to claim Recovery Rebate Credit (RRC) to file a tax return to claim their credit before the April-May, 2024 deadlines. It has been estimated that ...

Goals For 2024 Filing Season Outlined, FS-2023-25
The Internal Revenue Service is looking to improve its customer service metrics as well as improve its technology offerings in the coming tax filing season....

IRS Launches Business Taxpayer Accounts, Allows Online Notice Responses
The Internal Revenue Service announced the launch of the first phase of rolling out business taxpayer accounts, as well as enable taxpayers to respond to notices online....

We are happy to announce that as of July 1, 2023, Thomas & Gibbs CPAs, PLLC has joined McConnell Jones and we could not be more thrilled about the opportunities this merger brings to our people and our clients.

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We are happy to announce that as of July 1, 2023, Thomas & Gibbs CPAs, PLLC has joined McConnell Jones and we could not be more thrilled about the opportunities this merger brings to our people and our clients.

Please visit our new website here: McConnellJones.com and read the press release at this link.