March 11, 2024

Tax Time Guide: Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets

The Internal Revenue Service reminds taxpayers they’re generally required to report all earned income on their tax return, including income earned from digital asset transactions, the […]
March 5, 2024

Time is running out: IRS encourages eligible non-filers in 2020 to claim their Recovery Rebate Credit before May 17 deadline

The Internal Revenue Service today reminded those who may be entitled to the COVID-era Recovery Rebate Credit in 2020 that time is running out to file […]
March 4, 2024

IRS: Never mind the myths; know the facts about receiving a Form 1099-K in 2024

To help taxpayers with filing, the Internal Revenue Service today debunked some common myths to help taxpayers understand what to do with Form 1099-K. Read the full […]
February 29, 2024

Tax pros: Watch out for EFIN scams

A recurring scam this filing season targets tax professionals with a spearphishing email to collect their Electronic Filing Identification Numbers. Tax pros should be alert to […]
February 28, 2024

Low Income Taxpayer Clinic is now taking applications for supplemental grants

The Internal Revenue Service today announced it will accept supplemental applications from all qualified organizations for Low Income Taxpayer Clinic (LITC) matching grants from Feb. 26 […]
February 22, 2024

Interest rates remain the same for the second quarter of 2024

The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2024. Read the full article from IRS […]
February 19, 2024

Tax professionals: Watch out for “new client” email scam

Tax professionals should watch out for a “new client” scam – an email scheme where cybercriminals pose as potential clients. This scam peaks during the busy […]
February 15, 2024

Presidents Day period marks peak time for IRS phone lines; first try IRS online tools and resources for help

With the 2024 filing season in full swing, the Internal Revenue Service encourages taxpayers to visit IRS.gov and use online tools to get answers quickly and avoid phone […]
February 14, 2024

IRS shares 7 warning signs Employee Retention Credit claims may be incorrect; urges businesses to revisit eligibility, resolve issues now before March 22

With a key March deadline quickly approaching, the Internal Revenue Service today highlighted special warning signs that an Employee Retention Credit (ERC) claim may be questionable […]