Federal Taxation

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IRS warns against charity scams
October 17, 2022
The Internal Revenue Service is partnering to fight fraud against charities, businesses and individuals during Charity Fraud Awareness Week.
Understand the tax consequences of remote work
October 17, 2022
In a post-pandemic world, 16% of companies have gone fully remote. Many workers have embraced and adapted to this new setup.
Paul Iannone and Danny Pannese write Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations
October 06, 2022
Paul N. Iannone, CPA, J.D., MST, and Danny A. Pannese, CPA/ABV/CFF, CVA, CSEP, MST, both associate professors in the Jack Welch College of Business & Technology at Sacred Heart University in Fairfield, wrote the Tax Advisor magazine cover story: 10 good reasons why LLCs should not elect to be S corporations.
R&D credit claim transition period extended
October 03, 2022
The IRS extended for another year, until Jan. 10, 2024, the transition period during which it will allow taxpayers 45 days to perfect a refund claim involving a Sec. 41 research and development (R&D) credit to comply with new information requirements.
IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15
September 29, 2022
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
IRS distributed most Child Tax Credit payments correctly, but millions missed out
September 28, 2022
The Internal Revenue Service sent out the vast majority of advance payments of the Child Tax Credit last year to eligible families, alleviating poverty, according to a new report, but millions of taxpayers who should have received the payments did not, while millions of others who didn't qualify received them instead.
IRS updates Information on tax credit helping businesses to hire certain categories of workers
September 19, 2022
The IRS today updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing a tight job market, the WOTC may be able to help.
IRS's extra enforcement funding brings audit worries
September 14, 2022
The additional $80 billion in funding over the next decade for the Internal Revenue Service from the Inflation Reduction Act is supposed to go toward improving taxpayer service, modernizing the IRS's outdated technology, increasing enforcement efforts, and hiring more staff to process tax returns and replace retiring employees, but many taxpayers are concerned the funds will lead to more audits.
2022 tax planning after the Inflation Reduction Act
September 12, 2022
The Inflation Reduction Act extended many green energy and energy efficiency tax breaks already in the Tax Code and created a number of new tax breaks as well. The legislation also imposes a number of new requirements to obtain the largest possible tax break, such as requirements to pay prevailing wages and offer apprenticeship programs, requirements to use domestic content, and requirements to operate in low-income or otherwise distressed communities.
IRS delays in processing NOL refund claims costing taxpayers millions in interest
September 12, 2022
The Internal Revenue Service's continuing backlog is having an impact in many areas, including the processing of noncorporate applications for refund claims on net operating losses by pass-through businesses, leading to millions of dollars in interest payments.
Surgent's Student Loan Repayment and Forgiveness: Analysis and Impact on Individuals and Employers
Oct 25th 10:00am - 12:00pm
Online
2.00 Credits
For student loan borrowers, the new Student Debt Relief Program announced by President Biden is an excellent opportunity to reduce their debt. There is a growing need for better tax planning advice from tax practitioners since the IRS and Department of Education are automating this information process starting in mid-2023. This automation will impact both FAFSA and the Income-Driven Repayment (IDR) methods. IDR usage has increased by 75% since 2016 and is also required to be used for many of the loan forgiveness programs.According to a recent survey, the new Student Loan Assistance Benefit is ranked as the third most demanded benefit for employees under age 35. With the new tax-free student loan reimbursement and in anticipation of SECURE 2.0, employers will be seeking advice on properly implementing these unique employee benefits. This program will cover the impact on both the employee and the employer. We will also explain why this benefit needs to look at the household income and the need for tax filing advice. Student loan repayment and forgiveness will impact a large segment of the population. It is estimated that 70% of the educated workforce will have student loans. Employers and employees will soon be looking for expert advice on both its general and tax implications. Don’t miss this opportunity to serve as a critical resource for friends, family, and clients and enhance your bottom line in the process.
New Rules for Research and Experimentation Deduction (Section 174) - What the CPA Needs to Know NOW!!!
Oct 27th 1:00pm - 2:00pm
Online
1.00 Credits
This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs. Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures.
Surgent's Student Loan Repayment and Forgiveness: Analysis and Impact on Individuals and Employers
Nov 8th 10:00am - 12:00pm
Online
2.00 Credits
For student loan borrowers, the new Student Debt Relief Program announced by President Biden is an excellent opportunity to reduce their debt. There is a growing need for better tax planning advice from tax practitioners since the IRS and Department of Education are automating this information process starting in mid-2023. This automation will impact both FAFSA and the Income-Driven Repayment (IDR) methods. IDR usage has increased by 75% since 2016 and is also required to be used for many of the loan forgiveness programs.According to a recent survey, the new Student Loan Assistance Benefit is ranked as the third most demanded benefit for employees under age 35. With the new tax-free student loan reimbursement and in anticipation of SECURE 2.0, employers will be seeking advice on properly implementing these unique employee benefits. This program will cover the impact on both the employee and the employer. We will also explain why this benefit needs to look at the household income and the need for tax filing advice. Student loan repayment and forgiveness will impact a large segment of the population. It is estimated that 70% of the educated workforce will have student loans. Employers and employees will soon be looking for expert advice on both its general and tax implications. Don’t miss this opportunity to serve as a critical resource for friends, family, and clients and enhance your bottom line in the process.
New Rules for Research and Experimentation Deduction (Section 174) - What the CPA Needs to Know NOW!!!
Nov 9th 9:00am - 10:00am
Online
1.00 Credits
This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs. Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures.
New Rules for Research and Experimentation Deduction (Section 174) - What the CPA Needs to Know NOW!!!
Nov 22nd 12:00pm - 1:00pm
Online
1.00 Credits
This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs. Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures.
Surgent's Student Loan Repayment and Forgiveness: Analysis and Impact on Individuals and Employers
Nov 29th 10:00am - 12:00pm
Online
2.00 Credits
For student loan borrowers, the new Student Debt Relief Program announced by President Biden is an excellent opportunity to reduce their debt. There is a growing need for better tax planning advice from tax practitioners since the IRS and Department of Education are automating this information process starting in mid-2023. This automation will impact both FAFSA and the Income-Driven Repayment (IDR) methods. IDR usage has increased by 75% since 2016 and is also required to be used for many of the loan forgiveness programs.According to a recent survey, the new Student Loan Assistance Benefit is ranked as the third most demanded benefit for employees under age 35. With the new tax-free student loan reimbursement and in anticipation of SECURE 2.0, employers will be seeking advice on properly implementing these unique employee benefits. This program will cover the impact on both the employee and the employer. We will also explain why this benefit needs to look at the household income and the need for tax filing advice. Student loan repayment and forgiveness will impact a large segment of the population. It is estimated that 70% of the educated workforce will have student loans. Employers and employees will soon be looking for expert advice on both its general and tax implications. Don’t miss this opportunity to serve as a critical resource for friends, family, and clients and enhance your bottom line in the process.
Federal Tax Conference
Nov 30th 8:25am - 4:35pm
Rocky Hill
8.00 Credits
*IMPORTANT: This is the in-person option for the Federal Tax Conference While we are planning for all speakers to attend in person, due to the uncertainty of today's environment and varying company policies, some speakers may need to appear via livestream if circumstances necessitate it. Attend this can't-miss event for just-in-time updates, legislative news, and information from IRS officials.
VIRTUAL - Federal Tax Conference
Nov 30th 8:25am - 4:35pm
Online
8.00 Credits
*IMPORTANT: This is the virtual option for the Federal Tax Conference While we are planning for all speakers to attend in person, due to the uncertainty of today's environment and varying company policies, some speakers may need to appear via livestream if circumstances necessitate it. Attend this can't-miss event for just-in-time updates, legislative news, and information from IRS officials.
New Rules for Research and Experimentation Deduction (Section 174) - What the CPA Needs to Know NOW!!!
Dec 9th 9:00am - 10:00am
Online
1.00 Credits
This program addresses the most recent developments impacting taxpayers incurring research and experimentation costs. Emphasis will be placed on compliance with the 2022 change in Sec. 174 Amortization of research and experimental expenditures.
Surgent's Student Loan Repayment and Forgiveness: Analysis and Impact on Individuals and Employers
Dec 14th 2:00pm - 4:00pm
Online
2.00 Credits
For student loan borrowers, the new Student Debt Relief Program announced by President Biden is an excellent opportunity to reduce their debt. There is a growing need for better tax planning advice from tax practitioners since the IRS and Department of Education are automating this information process starting in mid-2023. This automation will impact both FAFSA and the Income-Driven Repayment (IDR) methods. IDR usage has increased by 75% since 2016 and is also required to be used for many of the loan forgiveness programs.According to a recent survey, the new Student Loan Assistance Benefit is ranked as the third most demanded benefit for employees under age 35. With the new tax-free student loan reimbursement and in anticipation of SECURE 2.0, employers will be seeking advice on properly implementing these unique employee benefits. This program will cover the impact on both the employee and the employer. We will also explain why this benefit needs to look at the household income and the need for tax filing advice. Student loan repayment and forgiveness will impact a large segment of the population. It is estimated that 70% of the educated workforce will have student loans. Employers and employees will soon be looking for expert advice on both its general and tax implications. Don’t miss this opportunity to serve as a critical resource for friends, family, and clients and enhance your bottom line in the process.