Category: IRS
-
When Will the #IRS Contact You
Knowing how the IRS contacts taxpayers can help protect people from scammers Scammers often pose as the IRS to steal taxpayers’ personal information. They may reach out through fraudulent phone calls, emails, texts or social media messages. It’s important for taxpayers to understand how the IRS contacts people, so they don’t fall victim to identity…
-
IRS 5-Year Plan to Help Taxpayers
New IRS Strategic Plan: The Internal Revenue Service today released a new five-year Strategic Plan that outlines its goals to improve taxpayer service and tax administration. The IRS Strategic Plan FY2022-2026 will serve as a roadmap to help guide the agency’s programs and operations. The plan will also help meet the changing needs of taxpayers and members…
-
IRS Improves the Customer Experience
Taxpayer Experience Office formally established to improve service across the IRS WASHINGTON – As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort. “As the IRS continues taking immediate steps this filing season including…
-
-
Special $600 tax deduction if you don’t itemize
The Internal Revenue Service today reminded taxpayers that a special tax provision will allow more Americans to easily deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return. Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions. But a temporary law…
-
IRS: Businesses, charities, others with Employer Identification Numbers Update
Businesses, charities, others with Employer Identification Numbers must update responsible party information within 60 days of any change YouTube Video Five Things to Know about the Employer Identification Number IR-2021-161, July 30, 2021 WASHINGTON — Calling it a key security issue, the Internal Revenue Service today urged those entities with Employer Identification Numbers (EINs) to…
-
#IRS – Work Opportunity Tax
IRS provides relief for certain employers claiming the Work Opportunity Tax Credit WASHINGTON – The Internal Revenue Service today announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC). The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in…
-
Important Guidance for Employers Claiming the Employee Retention Credit
Issue Number: COVID Tax Tip 2021-123 Important additional guidance for employers claiming the employee retention creditThe IRS recently issued further guidance on the employee retention credit. This includes guidance for employers who pay qualified wages after June 30, 2021, and before January 1, 2022, and guidance on miscellaneous issues that apply to the employee retention credit…
-
Financial safety: The often forgotten piece of disaster preparedness
After a natural disaster, having access to personal financial, insurance, medical and other records can help people starting the recovery process quickly. There are a few things taxpayers can do to help protect their financial safety in a disaster situation. Here are some financial preparedness tips. Update emergency plans. A disaster can strike at any…