Blog

The BE-12 SURVEY required for LLCs, requested by the BEA agency.

| Blog | No Comments
The Bureau of Economic Analysis (BEA) is an agency of the U.S. Department of Commerce in charge of collecting and analyzing economic data. Its main objective is to provide accurate…

Mandatory Beneficial Ownership Information (BOI) reporting for LLCs as of January 1, 2024

| Blog | No Comments
To protect the U.S. financial system from malicious actors abusing legal entities, including shell companies, to hide dubious proceeds or money laundering, the Financial Crimes Enforcement Network (FinCEN) has created…

IRS: Going green could help taxpayers qualify for expanded home energy tax credits

| Blog | No Comments
The Internal Revenue Service reminds taxpayers that making certain energy efficient updates to their homes could qualify them for home energy tax credits. The credit amounts and types of qualifying…

IRS Tax Withholding Estimator helps people get ready for the 2024 filing season; make sure withholding is right on 2023 paychecks

| Blog | No Comments
The Internal Revenue Service today suggested taxpayers who filed or are about to file their 2022 tax return use the IRS Tax Withholding Estimator to help update the amount of tax to…

Missed the April 18 filing deadline? File now to limit penalties and interest

| Blog | No Comments
The Internal Revenue Service today urged taxpayers who missed Tuesday's April 18 tax-filing deadline to file as soon as possible. Taxpayers who owe and missed the deadline without requesting an…

IRS reminds those with no filing requirement about IRS Free File; get overlooked tax credits and refunds

| Blog | No Comments
The Internal Revenue Service today reminded low- to moderate-income taxpayers, especially those who don't normally file a tax return, to consider IRS Free File to prepare their own federal tax return to…
TAX 2023

Beware of abusive tax avoidance schemes

| Blog | No Comments
Today the Internal Revenue Service closed out the 2023 Dirty Dozen campaign with a warning for taxpayers to beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them…

Watch out for Offer in Compromise ‘mills’ where promoters claim their services are needed to settle IRS debts

| Blog | No Comments
As part of the annual Dirty Dozen tax scams series, the Internal Revenue Service today renewed a warning about so-called Offer in Compromise "mills" that often mislead taxpayers into believing they can…

Important details to understand when the IRS might contact a taxpayer

| Blog | No Comments
The Internal Revenue Service reaches out in multiple ways to educate taxpayers while ensuring it fairly enforces the nation's tax laws. There are important factors to keep in mind about…

Tax Time Guide: IRS provides easy access to tax refund status with Where’s My Refund? tool; no need to call

| Blog | No Comments
The Internal Revenue Service reminds taxpayers that the Where's My Refund? tool on IRS.gov is the most convenient way to check the status of 2022, 2021 and 2020 tax refunds. IRS2Go, the mobile…

Tax Time Guide: Using electronic payment and agreement options for taxpayers who owe can help avoid penalties and interest

| Blog | No Comments
With the tax deadline approaching, the IRS reminded taxpayers they can avoid late filing and interest penalties by submitting their tax return and any payments due by April 18. For…

Tax Time Guide: IRS reminder to report all income; gig economy and service industry, digital or foreign assets and sources

| Blog | No Comments
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from the gig economy and service industry, transactions from digital assets, and foreign sources or…

IRS: May 15 tax deadline extended to Oct. 16 for disaster area taxpayers in California, Alabama and Georgia

| Blog | No Comments
Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax…

Taxpayers can now upload more documents to IRS; new online option for 9 notices can help resolve issues faster

| Blog | No Comments
The Internal Revenue Service announced today that taxpayers who receive certain notices requiring them to send information to the IRS now have the option of submitting their documentation online through…
TAX 2023

New IRS feature allows taxpayers electronically filing amended returns to choose direct deposit to speed refunds

| Blog | No Comments
In the latest improvement for taxpayers, the Internal Revenue Service announced today that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be…

Key points to keep in mind when filing 2022 tax returns

| Blog | No Comments
To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022…

Your tax refund may be smaller this year. Here’s why

| Blog | No Comments
Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect to file your 2022 federal income tax return right…

Check tax withholding now to avoid paying future quarterly estimated payments

| Blog | No Comments
The Internal Revenue Service reminds taxpayers who earn wages to use the Tax Withholding Estimator now to adjust their 2023 withholding. People's tax situations occasionally change through marriage or divorce, adding a…

IRS sets January 23 as official start to 2023 tax filing season

| Sin categoría | No Comments
The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.…

Final 2022 quarterly estimated tax payment due January 17

| Blog | No Comments
Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service today urged those who paid…

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

| Blog | No Comments
The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this…

IRS reminder: For many employers and self-employed people, deferred Social Security tax payment due Dec. 31

| Blog | No Comments
The Internal Revenue Service today reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability that their second annual installment of the…
TAX 2023

Get Ready for taxes: What’s new and what to consider when filing in 2023

| Sin categoría | No Comments
The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax returns. This is the second in a series of reminders…

IRS, Security Summit partners wrap up National Tax Security Awareness Week with steps businesses should take to prevent data loss, fraud

| Blog | No Comments
To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today urged businesses to remain vigilant against cyberattacks aimed at stealing their customer's personal information…

Get Ready now to file your 2022 federal income tax return

| Blog | No Comments
The Internal Revenue Service today encouraged taxpayers to take simple steps before the end of the year to make filing their 2022 federal tax return easier. With a little advance preparation,…

Security Summit focuses special week on identity theft to protect taxpayers, tax professionals as holiday and tax seasons approach

| Blog | No Comments
The Internal Revenue Service, along with state tax agencies and the nation's tax industry, today announced a special week focusing attention on empowering taxpayers to protect sensitive financial information against…

IRS’ five-year Strategic Plan now available in Spanish

| Blog | No Comments
The Internal Revenue Service announced today that, for the first-time ever, the agency's Strategic Plan for Fiscal Years 2022-2026 is now available in Spanish. This announcement aligns with the IRS's continued effort to…

IRS quickly moves forward with taxpayer service improvements; 4,000 hired to provide more help to people during 2023 tax season on phones

| Blog | No Comments
The Internal Revenue Service announced today significant progress to prepare for the 2023 tax filing season as the agency passed a milestone of hiring 4,000 new customer service representatives to…

Reminder: Service providers, others may receive 1099-Ks for sales over $600 in early 2023

| Blog | No Comments
The Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form 1099-K, Payment Card and Third-Party Network Transactions, for payment card transactions…

During National Cybersecurity Month, IRS and Security Summit Partners offer tips

| Blog | No Comments
The Internal Revenue Service and its Security Summit partners today urged families to remain vigilant year-round and consider taking additional steps to protect their personal informationPDF during National Cybersecurity Month. Cybersecurity Awareness…

IRS sending letters to over 9 million potentially eligible families who did not claim stimulus payments, EITC, Child Tax Credit and other benefits; Free File to stay open until Nov. 17

| Blog | No Comments
Starting this week, the Internal Revenue Service is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but…

IRS: Don’t miss this important Oct. 17 tax extension deadline

| Blog | No Comments
The Internal Revenue Service today reminds taxpayers who requested an extension to file their 2021 tax return to do so by Monday, October 17. While October 17 is the last…

IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15

| Sin categoría | No Comments
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.…

Extension filers: IRS.gov is the source for summertime tax help; agency encourages people to file soon

| Sin categoría | No Comments
With millions of people still waiting to file their tax returns, the IRS reminds them to file as soon as possible and take advantage of special tools available on IRS.gov…

IRS expands voice bot options for faster service, less wait time

| Sin categoría | No Comments
The Internal Revenue Service today announced expanded voice bot options to help eligible taxpayers easily verify their identity to set up or modify a payment plan while avoiding long wait…

Dear Customer.

| Sin categoría | No Comments
We share with you a news of interest about the IRS, where the delay in the reception of the documentation of the processes, tax returns and applications before the agency…

Missed the April tax deadline? File and pay by June 14 to avoid a larger penalty and interest

| Sin categoría | No Comments
The Internal Revenue Service today advised taxpayers who missed the April tax deadline that they can usually avoid a larger penalty by filing their 2021 federal income tax return and…

The Internal Revenue Service is reminding the estimated 19 million taxpayers who requested an extension to file their 2021 tax return that they don’t have to wait until mid-October to file. If a taxpayer has all the necessary information to file an accurate return, they can file electronically at any time before the October deadline and avoid a last-minute rush to file.

| Sin categoría | No Comments
Taxpayers who requested more time to file an accurate return have until October 17, 2022. Those who have what they need to file, however, should file as soon as possible…

IRS continues with Dirty Dozen this week, urging taxpayers to continue watching out for pandemic-related scams including theft of benefits and bogus social media posts

| Sin categoría | No Comments
The Internal Revenue Service today kicked off the week with the 5th item on its 2022 annual Dirty Dozen scams warning list, with a sad reminder that criminals still use…

IRS provides guidance for residents of Puerto Rico to claim the Child Tax Credit

| Sin categoría | No Comments
The Internal Revenue Service today issued guidance for certain individuals in Puerto Rico on how to file and claim the Child Tax Credit payments that they are entitled to receive…

Taxpayers now have more options to correct, amend returns electronically

| Sin categoría | No Comments
The Internal Revenue Service announced today that more forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and…

Take a closer look at how IRS is working to serve residents of Puerto Rico.

| Sin categoría | No Comments
The IRS wants to serve in every community, and we’re committed to providing the assistance and opportunities to meet the needs of those we serve. Today we are taking a…

Ahead of hurricane season, IRS offers tips on ways to prepare for natural disasters

| Sin categoría | No Comments
Disasterassistance.gov Listo.gov The Internal Revenue Service reminded taxpayers today that May includes National Hurricane Preparedness Week and is National Wildfire Awareness Month . This is a good time to create…

IRS continues work on inventory of tax returns; original tax returns filed in 2021 to be completed this week

| Sin categoría | No Comments
Following intensive work during the past several months, the Internal Revenue Service announced today that processing on a key group of individual tax returns filed during 2021 will be completed…

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline

| Sin categoría | No Comments
The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.…

Top 5 things to remember when filing income tax returns in 2022

| Sin categoría | No Comments
With filing season beginning January 24, the Internal Revenue Service reminded taxpayers about several key items to keep in mind when filing their federal income tax returns this year. Given…

EITC Awareness Day: Important changes mean more people qualify for credit that helps millions of Americans

| Sin categoría | No Comments
More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government’s largest refundable tax credit for low- to moderate-income families. In addition, families can use…

IRS Taxpayer Assistance Centers open on special Saturdays for face-to-face help

| Sin categoría | No Comments
As part of a larger effort to help people during this year’s filing season, the Internal Revenue Service today announced special Saturday hours at many Taxpayer Assistance Centers (TACs) across…

Tax Time Guide: American Rescue Plan changes can boost refunds for many families; people should file even if they haven’t for years

| Sin categoría | No Comments
The Internal Revenue Service today urged Americans to file a 2021 federal income tax return so they can take advantage of key tax benefits included in the American Rescue Plan…

Latest spearphishing scams target tax professionals

| Sin categoría | No Comments
With tax season in full swing, the Internal Revenue Service, state tax agencies and tax industry today warned tax professionals of new email scams that attempt to steal their tax…