Mandatory Beneficial Ownership Information (BOI) reporting for LLCs as of January 1, 2024
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 (Fi ...
IRS: Going green could help taxpayers qualify for expanded home energy tax credits
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 e ...
IRS Tax Withholding Estimator helps people get ready for the 2024 filing season; make sure withholding is right on 2023 paychecks
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 have taken out of ...
Missed the April 18 filing deadline? File now to limit penalties and interest
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 extens ...
IRS reminds those with no filing requirement about IRS Free File; get overlooked tax credits and refunds
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 ...
Beware of abusive tax avoidance schemes
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 alto ...
Watch out for Offer in Compromise ‘mills’ where promoters claim their services are needed to settle IRS debts
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 ca ...
Important details to understand when the IRS might contact a taxpayer
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 when the IRS m ...
Tax Time Guide: IRS provides easy access to tax refund status with Where’s My Refund? tool; no need to call
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 app, of ...
Tax Time Guide: Using electronic payment and agreement options for taxpayers who owe can help avoid penalties and interest
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 struggling taxpayer ...