Services provided skillfully and efficiently with personal attention.
Preparing For IRS’s Compliance Efforts In Crypto
Taxpayers, and the accounting and legal professionals who represent them, need to be prepared as the Internal Revenue Service has begun compliance work on those who own and trade in cryptocurrencies. “A CPA needs to advise their clients that the IRS is looking into...
IRS To Ramp Up Compliance Efforts on High-Income Taxpayers, IR-2023-166
The Internal Revenue Service detailed plans on some of the high-income taxpayers that will be targeted for more compliance efforts in the coming fiscal year. IRS Commissioner Daniel Werfel, during a September 7, 2023, teleconference with reporters, said that the...
Reliance Rules for Amortizing Research Expenditures Provided, Notice 2023-63
Taxpayers may rely on a notice that describes proposed regulations that will address the amortization of qualified research and experimentation (R&E) expenses. Before 2022, R&E expenses were currently deductible, but the Tax Cuts and Jobs Act (P.L. 115-97)...
Heckler & O’Keefe CPAs, P.C. is a full-service accounting firm with a long history and a steady path to the future which will successfully guide you in this complex and ever-changing world.
Contact
Ready to Listen
We are always here to help answer any questions. If you would like to be contacted regarding our firm’s services, please complete the form or email us directly.