WPVCPA Posts

January 25, 2024

IRS launches Simple Notice Initiative redesign effort

The Internal Revenue Service today announced work is underway on the Simple Notice Initiative, a sweeping effort to simplify and clarify about 170 million letters sent […]

January 23, 2024

Taxpayers should continue to report all cryptocurrency, digital asset income

The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their […]

January 22, 2024

Treasury, IRS issue guidance on the Qualified Alternative Fuel Vehicle Refueling Property Credit

The Internal Revenue Service and the Department of the Treasury today issued Notice 2024-20PDF to provide guidance on eligible census tracts for the qualified alternative fuel […]

January 19, 2024

The Taxpayer Bill of Rights protects all taxpayers year-round

The Taxpayer Bill of Rights is the 10 rights all taxpayers have any time they interact with the IRS. These rights cover a wide range of topics and […]

January 17, 2024

Treasury and IRS announce that businesses do not have to report certain transactions involving digital assets until regulations are issued

The Treasury Department and Internal Revenue Service today issued an announcement informing businesses that they do not have to report the receipt of digital assets the […]

January 15, 2024

IRS reminder: Jan. 31 filing deadline for employers to file wage statements, independent contractor forms

With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the […]

January 10, 2024

2023 Income-Tax Return Filing

Americans can start filing their 2023 income-tax returns with the Internal Revenue Service on Monday, Jan. 29, 2024, the federal tax collector announced Monday. Monday, April 15, […]

January 8, 2024

Tax credits and deductions for individuals

Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the […]

December 29, 2023

New Year Schedule 2024

“Approach the new year with resolve to find the opportunities hidden in each new day.” —Michael Josephson We want to thank our clients for their trust […]