March 28, 2024

What taxpayers need to know about digital asset reporting and tax requirements

Taxpayers filing 2023 tax returns must check a box indicating whether they received digital assets as a reward, award or payment for property or services or […]
March 26, 2024

Time running out to claim $1 billion in refunds for tax year 2020, taxpayers face May 17 deadline

The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline […]
March 25, 2024

IRS reminder to U.S. taxpayers living, working abroad: File 2023 tax return by June 17; those impacted by terrorist attacks in Israel have until Oct. 7

The Internal Revenue Service reminds taxpayers living and working outside the U.S. to file their 2023 federal income tax return by Monday, June 17, 2024. This […]
March 22, 2024

Avoid tax return mistakes, reduce processing delays and refund adjustments by following these guidelines

As the April 15 filing deadline approaches, the Internal Revenue Service issued a reminder to taxpayers on ways to prevent typical errors on their federal tax […]
March 21, 2024

Seven warning signs of incorrect Employee Retention Credit claims for businesses to review as key March 22 deadline approaches

To counter promoters that marketed misleading information about the Employee Retention Credit (ERC), the Internal Revenue Service urged businesses to review seven suspicious signs of a bad […]
March 20, 2024

IRS provides more information in various languages; part of ongoing transformation effort to expand services to taxpayers

The Internal Revenue Service today reminded individuals and businesses that the agency continues to increase the amount of information available in multiple languages. Read the full […]
March 18, 2024

March 22 deadline approaching to resolve incorrect Employee Retention Credit claims; IRS urges businesses to review questionable claims to avoid future compliance action

With a key March 22 deadline rapidly approaching, the Internal Revenue Service renewed calls for businesses to review the Employee Retention Credit (ERC) guidelines to avoid […]
March 14, 2024

Seven warning signs of incorrect Employee Retention Credit claims

Some unscrupulous promoters have marketed misleading information about Employee Retention Credit eligibility rules to well-intentioned businesses. The IRS is highlighting seven suspicious signs and urging business to seek a trusted tax […]
March 13, 2024

IRS alert: Beware of companies misrepresenting nutrition, wellness and general health expenses as medical care for FSAs, HSAs, HRAs and MSAs

Amid concerns about people being misled, the Internal Revenue Service today reminded taxpayers and heath spending plan administrators that personal expenses for general health and wellness […]