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IRS extends relief for inherited IRAs

April 25, 2024 Slattery & Holman, P.C.

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or

IRS issues guidance on tax treatment of energy efficiency rebates

April 18, 2024 Slattery & Holman, P.C.

The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and adopt a range of energy efficient improvements. In particular,

Independent contractor vs. employee status: The DOL issues new final rule

March 15, 2024 Slattery & Holman, P.C.

The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of the federal Fair Labor Standards

IRS suspends processing of ERTC claims

September 21, 2023 Slattery & Holman, P.C.

In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end

IRS suspends processing of ERTC claims

September 21, 2023 Slattery & Holman, P.C.

With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

The IRS warns businesses about ERTC scams

August 16, 2023 Slattery & Holman, P.C.

The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do

Employee Spotlight – Logan Hostetter

August 15, 2023 Slattery & Holman, P.C.

What year did you join Slattery & Holman?
2023

Tell me a little about where you attended college and the degree(s) you earned? Any special accomplishments.

Pocket a tax break for making energy-efficient home improvements

August 07, 2023 Slattery & Holman, P.C.

An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your

A tax-smart way to develop and sell appreciated land

August 07, 2023 Slattery & Holman, P.C.

Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them off for a hefty profit,

Moving Mom or Dad into a nursing home? 5 potential tax implications

August 07, 2023 Slattery & Holman, P.C.

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there