Federal Tax Updates

Your 2024 Tax Season Cheat Sheet

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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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    Roger Harris
    Annie Schwab

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    All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

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    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
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