Penalty Abatement for ERC-related Tax
By Cooper Melvin, J.D., CPA It is no secret that the IRS is backlogged with Employee Retention Credit (ERC) filings and has yet to issue…
Read MoreBy Cooper Melvin, J.D., CPA It is no secret that the IRS is backlogged with Employee Retention Credit (ERC) filings and has yet to issue…
Read MoreBy Cooper Melvin, JD, CPA The IRS recently released the final version of the new Form 7203 to better document S corporation stock basis in…
Read MoreBy Steven N. Smith, CPA, JD Initially, the employee retention credit (ERC), enacted by the CARES Act, was not available to paycheck protection program (PPP)…
Read MoreBy Dalton Bradshaw, CPA In our Beyond the Bottom Line Newsletter on January, 26, 2022, we summarized the annual report of the Taxpayer Advocate Service…
Read MoreIn our Beyond the Bottom Line Newsletter dated January 12, 2022, we described the updated identity verification and sign-in process for several IRS online tools….
Read MoreBy Steven N. Smith, CPA, JD The 2022 filing season will likely be a frustrating experience for both taxpayers and tax professionals. Individual returns can…
Read MoreIf you have created an online account with the IRS and have not signed in recently, you will notice some changes the next time you…
Read MoreFor our clients and friends operating as business entities taxed as partnerships, we want to bring a few matters for your attention, including: IRS launches…
Read MoreLast month the IRS released a revised Publication 5319, the Large Business and International (LB&I) Focus Guide for fiscal year 2022. In recent editions of…
Read MoreOur experience at BMSS over the last three to four years is that we have seen fewer examinations of taxpayers than we did in the…
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