Federal Tax Updates Your 2024 Tax Season Cheat Sheet
Jan 29, 2024
43:55
Get ready for the 2024 tax season with Roger and Annie! They cover critical deadlines, documentation tips, e-filing requirements, ERC updates, and other need-to-know changes that affect small businesses and tax preparers this year.
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Chapters
- (00:00) - Welcome To Federal Tax Updates Episode 24
- (01:02) - Summary of employee retention credit and updates
- (02:32) - Overview of voluntary program for repaying improperly claimed credits
- (08:34) - Key details on the voluntary program
- (12:47) - Importance of documentation for ERC claims
- (15:25) - Origins and intentions of the ERC program
- (18:58) - Potential changes to ERC in Congressional budget negotiations
- (23:16) - Other letters and updates on ERC claims
- (25:09) - Expectations for further ERC guidance
- (29:22) - Using protective claims when amending returns
- (32:29) - Advice for taxpayers who used third parties for ERC claims
- (36:41) - Upcoming dates and other filing season reminders
- (42:17) - Thanks for listening and remember to subscribe
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Annie Schwab
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