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September is National Preparedness Month; taxpayers should prepare for natural disasters
IR-2024-229 WASHINGTON — With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal...
Sep 6, 20243 min read
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IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year
IR-2024-225 WASHINGTON – The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax...
Sep 4, 20243 min read
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IRS provides relief to South Dakota victims of severe storms, straight-line winds, flooding; various deadlines postponed to Feb. 3, 2025
IR-2024-222 WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in South Dakota that...
Sep 2, 20244 min read
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Truckers: Heavy Highway Vehicle Use Tax deadline is Sept. 3
Tax Tip 2024-73 The Heavy Highway Vehicle Use Tax is an annual federal excise tax on heavy highway motor vehicles that operate on public...
Aug 30, 20242 min read
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IRS provides relief to Ernesto victims throughout Puerto Rico; various deadlines postponed to Feb. 3, 2025
IR-2024-221 WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses throughout Puerto Rico...
Aug 29, 20244 min read
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Interest rates remain the same for the fourth quarter of 2024
IR-2024-220 WASHINGTON — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter...
Aug 27, 20241 min read
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Employer-offered educational assistance programs can help pay for college
Tax Tip 2024-68 An educational assistance program is an employer’s written plan to provide employees with undergraduate or...
Aug 22, 20241 min read
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Free tax filing options are still available for extension filers
Tax Tip 2024-69 Free tax filing options are available to taxpayers who requested an extension of time to file their federal taxes....
Aug 20, 20242 min read
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TAX COMPLIANCE AND FRAUD: TAX PREPARER FRAUD, EMPLOYEE RETENTION CREDITS AND HEAVY TRUCKS
Warning Signs of Tax Preparer Fraud Promises of Large Refunds: Â Be cautious if a preparer guarantees a large refund before seeing any...
Aug 18, 20242 min read
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IRS reminds truckers of upcoming tax deadline
IR-2024-214 WASHINGTON — The Internal Revenue Service reminds those who operate large trucks and buses that the deadline for filing Form...
Aug 16, 20243 min read
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Department of Treasury and IRS release Inflation Reduction Act clean energy statistics
IR-2024-202 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued statistics on the Inflation...
Aug 12, 20241 min read
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Taxpayers should review the education tax credits before they file
Tax Tip 2024-67 There are two education tax credits  designed to help offset education costs: the American Opportunity Tax Credit  and...
Aug 9, 20241 min read
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The Educator Expense Deduction can help offset out-of-pocket classroom costs
Tax Tip 2024-66 The Educator Expense Deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies...
Aug 6, 20241 min read
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Taxpayer privacy isn’t just a right – it’s the law
Tax Tip 2024-65 Protecting taxpayer privacy is priority at the IRS. The right to privacy is one of 10 rights the Taxpayer Bill of...
Aug 2, 20241 min read
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IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audits
IR-2024-198 WASHINGTON – As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five...
Jul 29, 20247 min read
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Security Summit urges tax pros to watch out for identity theft red flags
IR-2024-193 WASHINGTON — In the third part of a special series, the Internal Revenue Service and the Security Summit partners today urged...
Jul 25, 20244 min read
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IRS.gov offers Free File service, other resources; provides extension filers summertime help ahead of October deadline
IR-2024-192 WASHINGTON — The Internal Revenue Service today encouraged taxpayers who requested an extension of time to file their taxes...
Jul 24, 20243 min read
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Treasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules
IR-2024-190 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations updating the...
Jul 19, 20241 min read
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IRS enhances FATCA registration website by requiring users to authenticate their identities
IR-2024-189 WASHINGTON — The Internal Revenue Service today announced the agency will enhance the identity authentication process that...
Jul 18, 20241 min read
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FREEBIE FRIDAY! Business Formation Checklist
Ever wanted to start a Limited Liability Company but never knew where to start? We've got you covered! Download our FREE LLC formation...
Jul 12, 20241 min read
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