May 23, 2024

Memorial Day 2024

To our valued clients, Our office will be closed on Monday, May 27th, to celebrate Memorial Day. For urgent questions, please email us at info@wpvcpa.com. Office […]
May 21, 2024

Tax benefits for homeowners

Whether someone is a current homeowner or buying a new home this summer owning a home can be expensive. There are tax benefits that can help […]
May 20, 2024

IRS provides guidance for the Domestic Content Bonus Credit

The Department of Treasury and the Internal Revenue Service today released Notice 2024-41PDF to modify an existing safe harbor and to provide a new elective safe […]
May 16, 2024

IRS warns taxpayers they may be scam victims if they filed for big refunds; misleading advice leads to false claims for Fuel Tax Credit, Sick and Family Leave Credit, household employment taxes

The Internal Revenue Service issued a consumer alert today following ongoing concerns about a series of tax scams and inaccurate social media advice that led thousands […]
May 13, 2024

What taxpayers should do if they receive mail from the IRS

IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their […]
May 10, 2024

Interest rates remain the same for the third quarter of 2024

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2024. Read the full article from […]
May 9, 2024

To protect against identity theft, IRS adds additional protections to Centralized Authorization File, Transcript Delivery System; changes designed to protect sensitive tax pro, taxpayer information

With identity theft and refund fraud an ongoing concern, the Internal Revenue Service today highlighted additional protections for tax professionals being taken to increase security for […]
May 8, 2024

IRS final reminder: Time to claim $1 billion in tax refunds from 2020 expires May 17

The Internal Revenue Service today reminded the 1 million people who didn’t file their tax year 2020 returns they may be eligible for a refund if […]
May 7, 2024

IRS encourages tax-exempt organizations to file their taxes ahead of May 15 deadline

The Internal Revenue Service encouraged thousands of tax-exempt organizations today to file their taxes ahead of their filing deadline.   Read the full article from IRS here: […]