IRS Reminder: Service providers, others may receive 1099-Ks for sales over $600 in early 2023
WASHINGTON — The Internal Revenue Service reminds taxpayers earning income…
IRS: Taxpayers now have more options to correct, amend returns electronically
WASHINGTON — The Internal Revenue Service announced that more forms…
Automobile Use: 2022 Updates to the Standard Mileage Rate
Inflation rates continue to rise due to continued Supply Chain…
What to know about the differences between tax credits and deductions
There are key differences between tax credits and deductions. What…
Vermont Department of Taxes issues refunds to unemployment benefit recipients
The Vermont Department of Taxes has begun issuing refunds to…
Recent Stimulus Payment Letters from White House Can Be Misunderstood
You may have received a letter from The White House…
IRS provide additional guidance to employers claiming the employee retention credit
The Treasury Department and the Internal Revenue Service issued further…
IRS Backlog
If you submitted your tax returns and are now waiting…
Economic Impact Payments Disbursed Under the American Rescue Plan
The Internal Revenue Service, the U.S. Department of the Treasury,…
The IRS Announced Today The 2022 Limits for HSAs and High-Deductible Health Plans
The annual limit on HSA contributions will be $3,650 for…
The Third Economic Impact Payments
In the American Rescue Plan Act of 2021, the third…
Important Update About the Tax Deadline
The Internal Revenue Service (IRS) recently announced that the federal…
CARES Act Stimulus Checks Via Debit Cards
During the Coronavirus pandemic, millions of Americans expected to get…
Tips To Help Spot and Avoid Tax Scams
Tax season is a busy time of year. It is…
Employee Retention Tax Credit Update: 3/3/2021
IRS Issues New Guidance for the Employee Retention Tax Credit…
For 2021, 401(k) Contribution Limit Unchanged for Employees, Up for Employers
The IRS announced that employee 401(k) contributions for plan year…
IRS highlights employer credits for businesses during Small Business Week
During Small Business Week, the IRS reminds owners and self-employed…
20 IRS Audit Red Flags
Resource: Joy Taylor, Kiplinger, July 2020 – These red flags…
Time Sensitive Information About RMDs
The IRS has recently provided additional guidance pertaining to 1)…
Stimulus Checks Via Debit Cards
During the Coronavirus pandemic, millions of Americans expected to get…
IRS: Economic Impact Payments being sent by prepaid debit cards, arrive in plain envelope
News from the IRS: IR-2020-105, May 27, 2020 WASHINGTON –…
IRS: Payment Deadline Extended to July 15
Here’s the latest information we have from the IRS, but…
IRS impostors want to scam you through email
USA Today, 9/11/19 -Beware of official-looking income tax ‘reminders’ Did…
IRS Changes Maximum-Vehicle-Value Rule
The Tax Adviser, 5/9/19 – The IRS intends to revise its…