WPVCPA Posts

August 30, 2023

Businesses must electronically file Form 8300, Report of Cash Payments Over $10,000, beginning January 1, 2024

The Internal Revenue Service today announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, […]

August 28, 2023

Interest rates increase for the fourth quarter 2023

The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023. Read the full article from IRS here: https://www.irs.gov/…/interest-rates-increase-for-the… […]

August 22, 2023

Tax pros: Stay vigilant against phishing emails and cloud-based attacks

One of the most common threats facing tax pros are phishing and related scams. These are designed to trick the recipient into disclosing personal information such […]

August 18, 2023

IRS encourages truckers to e-file by August 31 tax payment deadline

The Internal Revenue Service today encouraged all those who have registered, or are required to register, large trucks and buses with a taxable gross weight of […]

August 10, 2023

IRS and Treasury issue guidance for owners of solar and wind powered energy facilities in low-income communities for increased energy credit under the Inflation Reduction Act

The Department of the Treasury and the Internal Revenue Service today issued final regulations and Revenue Procedure 2023-27 to provide guidance for owners of certain solar […]

August 8, 2023

Knowing how scammers pose as the IRS can help taxpayers protect themselves

Crooks are always looking for new ways to scam unsuspecting taxpayers. Scammers impersonate the IRS by phone or email, in person, or by mail or delivery […]

August 4, 2023

Home energy audits may qualify for an Energy Efficient Home Improvement Credit

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed […]

August 3, 2023

Treasury and IRS issue proposed regulations identifying certain monetized installment sales as listed transactions

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed […]

July 24, 2023

Taxpayers see wave of summer email, text scams; IRS urges extra caution with flood of schemes involving Economic Impact Payments, Employee Retention Credits, tax refunds

The Internal Revenue Service warned taxpayers today to be on the lookout for a summer surge of tax scams as identity thieves continue pounding out a […]