Understanding ERC Claims: Liability, Third-Party Payors, and Best Practices
As businesses seek financial relief through the Employee Retention Credit (ERC), it’s vital to understand the implications and responsibilities tied to filing such claims. One critical aspect is the role of third-party payors, such as [...]
Understanding ERC Claims: Legitimacy, Investigations, and the Current Landscape
The Employee Retention Credit (ERC) has become a crucial lifeline for many businesses during the pandemic, offering financial support to help retain employees. However, as the volume of claims has surged, so have concerns regarding [...]
Understanding the SECURE Act and SECURE Act 2.0: Key Reforms to Retirement Savings
In recent years, the U.S. government has recognized the need for significant reforms to the retirement savings system. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, and its follow-up, [...]
Understanding Medicare Tax: Exploring IRMAA and MAGI Ranges for Part B and Part D
Medicare is a crucial healthcare program for seniors and individuals with certain disabilities, providing important medical coverage. However, for some beneficiaries, additional costs can apply based on income levels. One such charge is the Income-Related [...]
Understanding Tax Updates for 2025: Key Insights from Pivotal Forensic Accounting and Audits
As we transition into 2025, taxpayers should be aware of several significant updates announced by the Internal Revenue Service (IRS) that will impact federal income tax returns. At Pivotal Forensic Accounting and Audits, we’re committed [...]
IRS Taxpayer Advocate Highlights Critical Funding Needs and Achievements in Annual Report
Congress’s chronic underfunding of the IRS has created a ripple effect that hampers taxpayer interactions and perpetuates inefficiencies. By neglecting to adequately invest in modern technology, lawmakers have left the IRS reliant on outdated systems, [...]
