Authorized under the SECURE 2.0 Act of 2022, PLESAs are individual accounts in defined contribution plans and are designed to permit and encourage employees to save for financial emergencies.
A “FinCEN identifier” is a unique identifying number that FinCEN will issue to an individual or reporting company upon request after the individual or reporting company provides certain information
The official start date of tax season for individual taxpayers will be on January 29, but the Internal Revenue Service plans to accept business tax returns as soon as January 16.
The IRS has announced (IR-2023-243) expanded capabilities and eligibility under its business tax account initiative so that individual partners of partnerships, S corporation shareholders, and sole