IRS Seeks End to ‘Frivolous’ Suit Claiming Income Isn’t Taxable
The Fifth Circuit should reject a man’s arguments that his employment income isn’t subject to taxation, the IRS told the court in a Thursday brief.
Payroll News
IRS Reopens Processing Some Covid-Era Claims, Pays Out More Cash
The IRS will start processing some of the pandemic-era tax credit claims that previously were put on pause.
California Confirms Minimum Wage Increase for 2025
California confirmed that its hourly minimum wage will rise to $16.50 effective Jan. 1, 2025, in an Aug. 1 letter from the state finance director.
Minnesota Minimum Wage Expected to Rise to $11.13 for 2025
The hourly minimum wage in Minnesota is expected to rise to $11.13 for all employers effective Jan. 1, 2025, according to Bloomberg Tax calculations.
Michigan Justices Raise Minimum Wage, Order More Sick Leave
The Michigan Supreme Court on Wednesday revived laws that increase the state’s minimum wage and expand mandatory paid sick leave—two policies that lawmakers had passed but later watered down.
BTAX OnPoint: US Final Wage Payment Considerations
Roughly five million Americans leave their jobs every month, and employers have to prepare final paychecks for these individuals.
PRACTITIONER INSIGHTS
View More Insights
Keith Rasher
Thompson Coburn
Jeffrey Hoffman
Windels Marx
Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services
Latest Stories
IRS Provides Relief, Extends Deadlines for Hurricane Victims
The Internal Revenue Service will provide tax relief and extend filing deadlines for individuals and businesses in four states affected by Hurricane Debby until Feb. 3, 2025, the agency announced Friday.
Illinois Overhauls Child Labor Law, Expands Protection for Minors
Illinois is overhauling its child labor law and providing more labor protections for minors, under a bill that will mostly go into effect on Jan. 1, 2025.
Pennsylvania Law Firm Sues US Over ERC Tax Credit Claim Delay
Ostroff Injury Law PC sued the US government alleging its delay in processing the law firm’s employee retention credit claim threatens to further derail a business already shaken by the Covid-19 pandemic.
Deadline Nears to Add Minimum Wage Boost to Missouri Ballot
Missouri could be the next state to certify a minimum wage initiative. Questions on base pay or sick leave are certified for November ballots in four other states, with more possible.
Minnesota Minimum Wage Expected to Rise to $11.13 for 2025
The hourly minimum wage in Minnesota is expected to rise to $11.13 for all employers effective Jan. 1, 2025, according to Bloomberg Tax calculations.
IRS Reopens Processing Some Covid-Era Claims, Pays Out More Cash
The IRS will start processing some of the pandemic-era tax credit claims that previously were put on pause.
Cabinet Maker Latest to Sue Over IRS Pandemic Tax Credit Delay
Arizona-based Bass Cabinet Manufacturing Inc. has joined a line of companies seeking unpaid employee retention tax credits through litigation.
California Confirms Minimum Wage Increase for 2025
California confirmed that its hourly minimum wage will rise to $16.50 effective Jan. 1, 2025, in an Aug. 1 letter from the state finance director.
BTAX OnPoint: US Final Wage Payment Considerations
Roughly five million Americans leave their jobs every month, and employers have to prepare final paychecks for these individuals.
Tax Developments
View MoreIRS News Release: IRS Announces Additional Actions to Help Small Businesses, Prevent Improper Payments in Employee Retention Credit Program
The IRS announced additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the ...
Denmark Tax Agency Posts Decision Clarifying Taxation of Masked Dividend Distributions
The Danish Customs and Tax Administration Aug. 6 posted online Eastern High Court Decision No. SKM2024.386.OLR, clarifying the taxation of masked dividend distributions. The taxpayers, who were spouses and cohabitants, ...
Denmark Tax Agency Posts Decision Clarifying Liability for A-Tax, AM Contributions
The Danish Customs and Tax Administration Aug. 6 posted online Western High Court Decision No. SKM2024.390.VLR, clarifying the liability for A-Tax and AM contributions. The taxpayer, a company, worked with ...
EXPLORE BLOOMBERG TAX
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: