August 2, 2024

Taxpayer privacy isn’t just a right – it’s the law

Protecting taxpayer privacy is priority at the IRS. The right to privacy is one of 10 rights the Taxpayer Bill of Rights gives all taxpayers.   […]
August 1, 2024

Security Summit: Identity Protection PINs, IRS Online Account protect against tax-related identity theft

In the fourth part of a special summer series, the Security Summit partners today reminded tax professionals and taxpayers about the special IRS Identity Protection PIN […]
July 30, 2024

Beware of scammers posing as the IRS

Identity thieves may try to contact taxpayers through fraudulent calls, emails, texts and social media messages pretending to be the IRS. Here’s how taxpayers know when […]
July 25, 2024

IRS issues guidance for the procedures to claim a credit for utilization of carbon oxide

The Internal Revenue Service today issued Notice 2024-60 to provide initial guidance on the credit for the sequestration of carbon oxide. This credit was amended significantly […]
July 23, 2024

Treasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules

The Department of the Treasury and the Internal Revenue Service today issued final regulations updating the required minimum distribution (RMD) rules.   Read the full article […]
July 19, 2024

IRS warns taxpayers about misleading claims about non-existent “Self Employment Tax Credit;” promoters, social media peddling inaccurate eligibility suggestions

The Internal Revenue Service issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers […]
July 15, 2024

IRS reminds car dealers and sellers to be aware of phishing scams

The Internal Revenue Service would like to remind car dealers and sellers to be aware of evolving phishing and smishing scams that could impact day-to-day operations […]
July 11, 2024

Energy efficient home improvements could help people reduce energy bills and taxes

Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits. […]
July 10, 2024

IRS warns of new scam targeting Clean energy tax credit

The Internal Revenue Service today warned taxpayers not to fall victim to a new emerging scam involving buying clean energy tax credits. Read the full article […]