W-2 and Other Wage Statements Must be Filed by January 31st!
All employers need to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS …
Insights and News
The Supreme Court Upholds CMS’ Vaccine Mandate, While Striking Down the OSHA Vaccine Mandate. What You Need to Know to Stay Compliant!
The Supreme Court has upheld the controversial Medicare vaccine mandate/interim final rule, and it will go into effect for all states. The similar OSHA vaccine mandate, which would have required …
Hospice Providers: Remember to File Your Self-Determined Cap by February 28th!
All hospices are required to file their self-determined cap each year, between December 31 and February 28. The 2021 Self-Determined Caps are due no later than February 28, 2022. If …
Tax Filing Season Begins on January 24th! Don’t Wait Until the Last Minute – Get Ready Today!
The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. …
Didn’t Receive an Economic Impact Payment in 2021? Watch Out for a Letter from the IRS that Can Help You Claim It!
The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are …
Did You or Your Employer Defer Social Security Taxes in 2020? Half of the Deferred Amount is Due on January 3, 2022!
The IRS reminds employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most …
Hurricane Ida Tax Relief Extended to February 15th for Six States
An important update from the IRS for taxpayers in the entire states of Louisiana and Mississippi, and parts of New York, New Jersey, Connecticut, and Pennsylvania: Victims of Hurricane Ida …
Advance Child Tax Credit Recipients – Look Out for a Letter From the IRS That You Will Need to File Your 2021 Tax Return!
The IRS announced that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments …
IRS Issues Standard Mileage Rates for 2022
The IRS issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, …
The Last 2021 Child Tax Credit (CTC) Payment has Been Made to Families. What Can You Do if You Missed Out?
American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child …