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Tax expert advises “be prepared early” for potential TCJA changes

ThomsonReuters

Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. ” The TCJA took effect on January 1, 2018 and many of its provisions remain in effect through 2025. 199A , should the provision sunset after 2025.

Tax 98
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??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

Payroll on Checkpoint asked  Jeffrey Paravano , partner at  BakerHostetler  and leader of the firm’s national tax practice group, to share his thoughts. ​ ​Extension of statute of limitations​ The IRS recently issued another alert to businesses and tax practitioners regarding scams related to the employee retention credit (ERC).