Morris and Associates tax relief and tax resolution services. We can help reduce the amount you owe. With the Offer in Compromise program from the IRS we can help reduce the amount you owe.
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The IRS has been making serious strides this year, as outlined in its latest quarterly update to the Strategic Operating Plan released on December 12. From cracking down on tax evasion among high-income earners to advancing digital services, the IRS’s
The IRS is reminding taxpayers aged 73 and older to take their required minimum distributions (RMDs) from individual retirement arrangements (IRAs) and other retirement plans. Missing the deadline could result in penalties, so it’s important to understand the rules and
The IRS and its Security Summit partners are urging taxpayers to stay vigilant during the holiday season, as scammers ramp up their efforts to steal personal information. These warnings coincide with the ninth annual National Tax Security Awareness Week, an
The IRS is reminding IRA owners aged 70½ and older that they can now donate up to $105,000 tax-free in 2024 through qualified charitable distributions (QCDs), an increase from the previous $100,000 limit. For married couples, each meeting the qualifications
The IRS reminds taxpayers that open enrollment season for flexible spending arrangements (FSAs) is an opportunity to allocate tax-free dollars toward medical expenses not covered by their health plans. For the 2025 plan year, employees participating in an FSA can
On November 1, 2024, the Internal Revenue Service (IRS) announced several updates regarding retirement contributions for 2025. Key changes include an increase in the annual contribution limit for 401(k) plans and other similar retirement accounts. Contribution Limits for 2025 401(k)
As the 2025 tax season approaches, the IRS is reminding taxpayers to enhance their identity security by signing up for an Identity Protection Personal Identification Number (IP PIN). This extra measure helps protect against tax-related identity theft. To get started,
As we approach tax year 2025, several important changes are on the horizon that taxpayers should be aware of. The IRS is making adjustments to standard deductions, tax brackets, and various credits, and these changes could impact your financial planning
Tax Deadline Extended The IRS has announced special tax relief for individuals and businesses affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia.
Corporate Alternative Minimum Tax Update The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT). The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial
U.S. Treasury Secretary Janet L. Yellen and IRS Commissioner Danny Werfel will be speaking at the IRS campus in Austin, Texas, to highlight new achievements made possible by the Inflation Reduction Act. Their focus will be on efforts to ensure
Student Loan Repayment The IRS recently issued a reminder that employers offering educational assistance programs can also use these programs to help employees pay off their student loans through December 31, 2025. While educational assistance programs have been around for