Your 2024 Tax Season Cheat Sheet

Federal Tax Updates

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.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Links mentioned in this episode

Chapters

• (00:00) - Welcome To Federal Tax Updates Episode 24
• (01:18) - Summary of employee retention credit and updates
• (02:48) - Overview of voluntary program for repaying improperly claimed credits
• (08:50) - Key details on the voluntary program
• (13:03) - Importance of documentation for ERC claims
• (15:41) - Origins and intentions of the ERC program
• (19:14) - Potential changes to ERC in Congressional budget negotiations
• (23:28) - Other letters and updates on ERC claims
• (25:21) - Expectations for further ERC guidance
• (29:34) - Using protective claims when amending returns
• (32:41) - Advice for taxpayers who used third parties for ERC claims
• (36:53) - Upcoming dates and other filing season reminders
• (42:29) - Thanks for listening and remember to subscribe

Follow the Federal Tax Updates Podcast on Social Media
twitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

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