Options When You Are Unable to Pay Your Tax Bill
Tax season is upon us again, and this time of year can be stressful for many taxpayers. Not only do you have to gather all your financial documents for your...
04 April, 2023
IRS Tag
Verifying Your Identity with the IRS
In recent years, the internal revenue service began increasing identity theft identification efforts following an increase of fraudulently-filed tax returns. As part of these efforts to decrease fraud, the IRS...
02 April, 2023
Get Your IRS Protection PIN Early
IRS IP PIN Tax Fraud Prevention We strongly recommend all individual taxpayers get an IRS-issued Identity Protection Personal Identification Number (IP PIN). An IP PIN is a six-digit number that prevents...
24 January, 2023
IRS Audit Red Flags
10 red flags for IRS audits Even though the overall IRS audit rate is currently low historically, it’s expected to increase as a result of provisions in the Inflation Reduction Act...
27 October, 2022
How to Repay Deferred Social Security Tax
How Self-Employed Individuals and Household Employers Repay Deferred Social Security Tax The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers to defer the payment of certain...
17 October, 2022
IRS Grants Relief to Victims of Hurricane Ian
(authored by RSM US LLP) The IRS issued a news release on Sept. 29, 2022, announcing that victims of Hurricane Ian now have until Feb. 15, 2023, to file various...
30 September, 2022
COVID Tax Relief: Penalty Relief for 2019 and 2020 Returns
Authored by the IRS | August 24, 2022 COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being...
24 August, 2022
IRS Issues Guidance On Transition Rules For EV Credits
(authored by RSM US LLP) IRS guidance helps taxpayers navigate the transition from existing rules for claiming EV credits to new rules enacted by the IRA including ways to verify...
17 August, 2022