IRS Highlights Credits for Higher Education
While most things have been getting more expensive lately—gasoline, food, rent, you name it—higher education has been pricey for a long time.…
IRS Reminds Taxpayers About IRA Deadline
With tax season in full swing, the Internal Revenue Service wants taxpayers to be sure they’re not overlooking ways they could lessen their tax liabilities. To take advantage of one method, though, taxpayers have to be fairly quick, because there’s a deadline to meet.…
IRS Establishes Taxpayer Experience Office
The Internal Revenue Service has inaugurated its new Taxpayer Experience Office and plans are already in the works to expand this new long-term effort to improve service to America’s taxpayers.…
IRS Highlights Gig Economy, Virtual Currency, and Foreign Source Income
IRS Highlights Gig Economy, Virtual Currency, and Foreign Source IncomeSome new sources of income sometimes go where tax law hasn’t gone before. This leads to income slipping through the cracks for a…
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IRS Opens Registration for Tax Forums
Tax season may be far from over in 2022, but it’s not too early to make plans to attend this year’s IRS Nationwide Tax Forums, starting in July.…
Facial-Recognition Now Optional for IRS Online Accounts
It turns out the Internal Revenue Service isn’t entirely done with facial recognition software after all. While the agency once again confirmed they will not require biometric data for IRS Online Account registration, it would remain an option for taxpayers who prefer that verification method—with additional security measures in place to protect taxpayers’ privacy.…
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Premium Tax Credit FAQs Updated
The Internal Revenue Service has published a new set of frequently asked questions on the Premium Tax Credit, giving taxpayers the latest and best information on how—and why—to claim the credit.…
IRS Announces Increase in Interest Rates
Judging from the likes of food, gasoline and other staples, it should come as no surprise that the Internal Revenue Service is revising its interest rates, starting in the second quarter of this year.…
IRS Offers Guidance for Parents Who Share Custody
A lot has been said and written recently about the various credits put forth to counter the economic effects of the pandemic and how they affect parents’ tax liabilities.…
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Farmers, Fishers Face March 1 Tax Deadline
The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.”…
