Retention Credit Ends Early
The Infrastructure Investment and Jobs Act, which was enacted on November 15, 2021, ends the retention credit earlier than was previously scheduled. The credit now expires after September 30, 2021.
Separately, the new law also includes new Form 1099 requirements for virtual currency, which we will discuss in our upcoming seminars.
Are you enrolled in our Individual Tax Year-End Workshop this December or January? If you are not already registered, it’s time to enroll, so you’ll be fully prepared! Register here.