See IR 2024-278 With the 2025 tax season approaching the IRS encourages taxpayers to consider safeguarding their identity by signing up for an Identity Protection Personal Identification Number (IP PIN). Why should I sign up for an IP PIN How to request an IP PIN Who can request an IP PIN When will I be […]
To Continue Reading →IN-PERSON SUPPORT In an endeavor to enhance service during this tax season, the Internal Revenue Service has unveiled special Saturday hours for the next four months at designated Taxpayer Assistance Centers (TACs) nationwide. At TACs, individuals can receive face-to-face assistance from IRS employees. Usually, the centers are open only on weekdays with appointments required, these […]
To Continue Reading →What you need to do: Persons born before 1951 of the year-end deadlines to take Required Minimum Distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans must note new requirements under the law beginning in 2023. Required minimum distributions, or RMDs, are amounts many retirement plan and IRA account owners must withdraw […]
To Continue Reading →What is an Identity Protection Pin (IP Pin)? An Identity Protection PIN (IP PIN) is a six-digit number that prevents someone else from filing a tax return using your Social Security number or Individual Taxpayer Identification Number. Why would I need (IP PIN)? The IP PIN is known only to you and the IRS. It […]
To Continue Reading →2024 tax filing season set for January 29. For news from the IRS see Notice IR-2024-04 Running A Little Behind The Internal Revenue Service recently announced Monday, January 29, 2024 as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. The IRS expects more […]
To Continue Reading →Breaking News: A Billion-Dollar Boost from the IRS! Hello, everyone! Today, I’m bringing you some heartening news from the IRS that’s sure to bring a sigh of relief to many. The Internal Revenue Service recently unveiled a significant gesture of support for nearly 5 million taxpayers. They’re rolling out a massive penalty relief program, amounting […]
To Continue Reading →The Internal Revenue Service (IRS) is taking significant steps to address questionable claims related to the Employee Retention Credit (ERC). In a move to safeguard the integrity of this program, the IRS has begun mailing over 20,000 disallowance letters to entities that have filed for the ERC but still need to meet the essential criteria. What is […]
To Continue Reading →Hey there, readers! We’ve got some critical updates from the IRS that you’ll want to hear about, especially if you’re a small business owner or a gig economy worker. Let’s break it down in a way that’s easy to understand. Big News: Delay in the New $600 Reporting Threshold! The IRS has just announced (see Notice 2023-74) […]
To Continue Reading →Hey Savvy Savers! Big news from the IRS: starting in 2024, you can put more money into your retirement savings! This is a fantastic opportunity to boost your nest egg, and I’m here to break down all the details for you in a simple, easy-to-understand way. 1. More Money in Your 401(k): In 2024, You have […]
To Continue Reading →Hello, clean vehicle dealers and enthusiasts! Exciting news from the IRS: they’ve just rolled out a brand-new tool that’s set to revolutionize the way we sell and report clean vehicles. It’s called the IRS Energy Credits Online (or IRS ECO), and it’s packed with features that make selling clean vehicles easier than ever. Let’s dive into […]
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