Category Archives for Tax Tips

The IRS Spotlights Charity Fraud Awareness

  • October 21, 2021

The Internal Revenue Service is teaming up with international organizations and regulators this week to call attention to the dangers of charity fraud and to bolster charity fraud awareness.Raising awareness

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The IRS Signs Three New Collection Agencies

  • October 21, 2021

Seriously tax-delinquent taxpayers may soon hear from someone new.The Internal Revenue Service has awarded contracts to three private collection agencies for the collection of overdue tax debts. The new

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U.S. Treasury Announces New Cryptocurrency Tax Reporting Requirements

  • June 14, 2021

The Treasury Department announced that it is taking steps to crack down on cryptocurrency markets and transactions and said it will require any transfer worth $10,000 or more to be reported to the Internal

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Biden Seeks $80 Billion to Bolster IRS, Tax Enforcement!

  • June 11, 2021

To frame this article in the proper context, the Biden administration and Congress are seeking to pump a lot of funding to the IRS, to increase enforcement against tax delinquency, among other things.

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Employed During the Pandemic? Beware of This IRS Tax Form ID Scam

  • May 12, 2021

Did you get a tax form for unemployment you never received? You’re not alone.If you’ve managed to stay employed throughout the COVID-19 pandemic, count yourself as lucky, but identity scammers may

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Are IRS Penalties Tax Deductible?

  • May 11, 2021

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS). IRS penalties are typically assessed for violations of tax laws, such as misreporting income

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What 2020 Tax Issues are Impacting the 2021 Tax Season?

  • February 19, 2021

The past year was unique in a number of ways that will impact the rapidly approaching filing season. Continued implementation of the Tax Cuts and Jobs Act, plus the pandemic-response legislation such as

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The IRS Offers Taxpayers an Identity Protection PIN Opt-In (IP PIN) Program

  • February 19, 2021

An Identity Protection PIN from the IRS can help protect your tax return from potential fraud.Identity theft and tax refund fraud are issues no one wants to spend time thinking about – but everyone should.

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The 2021 Tax Season May Be Ugly so File Early and Electronically

  • January 19, 2021

This year stands to be very confusing for tax filing, so some good advice is to file early and electronically for the 2021 tax season.The surging pandemic. Confusion over who gets a stimulus payment. An

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Evolving IRS Tax Threats and Scams from Fraudsters

  • January 19, 2021

Thousands of people have lost millions of dollars and their personal information to IRS tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll, and tax

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