IRS Releases Updated FAQs to Provide Guidance on Employee Retention Credit (ERC) Taxability

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IRS Releases Updated FAQs to Provide Guidance on Employee Retention Credit (ERC) Taxability

With the deadline for submitting Employee Retention Credit (ERC) claims now closed, the IRS is working through approximately 597,000 outstanding claims. As a result, businesses are receiving either reimbursement payments

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Changes to Form 1099-K Reporting

Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments, was required to be filed by Third-Party Settlement Organizations (TPSOs) only

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