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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
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
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
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
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
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
IRS reminds car dealers and sellers to be aware of phishing scams
IR-2024-186 WASHINGTON — The Internal Revenue Service would like to remind car dealers and sellers to be aware of evolving phishing and...
Jul 12, 20242 min read
IRS tops $1 billion in past-due taxes collected from millionaires; compliance efforts continue involving high-wealth groups, corporations, partnerships
IR-2024-185 WASHINGTON – As part of continuing compliance efforts under the Inflation Reduction Act, the Internal Revenue Service today...
Jul 11, 20244 min read
Misleading social media advice leads to false claims for Fuel Tax Credit, Sick and Family Leave Credit, household employment taxes; FAQs help address common questions
FS-2024-24 The Internal Revenue Service issued alert IR-2024-139 about a series of scams and inaccurate social media advice. Social media...
Jul 9, 20246 min read
Energy efficient home improvements could help people reduce energy bills and taxes
Tax Tip 2024-62 Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water...
Jul 1, 20242 min read
Top 3 Things to Do Mid-Year
3 things to do for your mid-year financial review.
Jun 29, 20240 min read
Mid-Year Financial Tune Up!
Is YOUR Financial "Check Engine" Light On?
Jun 29, 20242 min read
Mediation can help taxpayers settle tax issues
Tax Tip 2024-59 Mediation – also known as Alternative Dispute Resolution – can help taxpayers resolve tax issues early and efficiently....
Jun 27, 20242 min read
Disaster tax relief: What taxpayers need to know
Tax Tip 2024-60 Tax relief is available for people living in areas declared disasters by the Federal Emergency Management Agency. To find...
Jun 25, 20242 min read
How To Complete Form W-4 (Head of Household)
Did you know that filing Head of Household on your federal tax returns means that YOU CANNOT BE MARRIED?
Jun 20, 20241 min read
How To Complete Form W-4 (Married Filing Jointly)
Properly completing your form W-4 will help ensure that you are having the right amount of federal taxes withheld from your paycheck.
Jun 20, 20240 min read
Treasury, IRS issue frequently asked questions regarding educational assistance programs
IR-2024-167 WASHINGTON — The Internal Revenue Service today issued frequently asked questions (FAQs) in FS-2024-22 related to educational...
Jun 18, 20241 min read
IRS warns against scams targeting seniors; joins other federal agencies to recognize special awareness day
IR-2024-164 WASHINGTON — As part of continuing efforts to protect the senior community, the Internal Revenue Service today issued a...
Jun 18, 20244 min read
IRS has options to help people who missed the April filing deadline
IR-2024-162 WASHINGTON — The Internal Revenue Service today highlighted a number of options available to help taxpayers who missed the...
Jun 13, 20244 min read
Newlyweds tax checklist
Tax Tip 2024-57 Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer's...
Jun 12, 20242 min read
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