by candy | Dec 2, 2024 | IRS
The IRS has alerted taxpayers about a new scam involving the purchase of clean energy tax credits. Fraudulent tax return preparers are misrepresenting the rules for claiming these credits under the Inflation Reduction Act (IRA). They are filing returns that improperly...
by candy | Nov 8, 2024 | Business, IRS, Video Blogs
The IRS has identified two new red flags in Employee Retention Credit (ERC) claims: businesses double-dipping on wage claims (like using wages for both the ERC and Paycheck Protection Program forgiveness) and claiming disruptions from mask-wearing as operational...
by candy | Sep 23, 2024 | Featured, IRS
Are you filing your own taxes to save money but paying for software or mailing in paper copies? Did you know the IRS has a free file program available for your use? The Internal Revenue Service recently announced that it will extend its Free File program through...
by candy | Sep 16, 2024 | IRS
Did you know even if you submit an extension to file your tax return later in the year that any balance is due by April (March if you are one of certain entity types? Are you struggling to pay the balance due? Did you know there are various options available to you to...
by candy | Jul 22, 2024 | Featured, IRS
As a business owner, you may be interested to know that the Internal Revenue Service (IRS) recently released Notice 2024-18, offering valuable insights into how you can navigate the requirement to electronically file income tax forms, especially if it conflicts with...
by candy | May 27, 2024 | Featured, IRS
You’ll be interested to know that the Internal Revenue Service (IRS) has recently introduced an initiative called Simple Notice, aimed at revamping its notices to make them more user-friendly for taxpayers. This initiative is part of the IRS’s broader...