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...
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...
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...
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...
(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...
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...
(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...
For many teenagers, summer often means a time for family barbecues, swimming in the pool, and working a summer job. For many parents, this means dealing with the tax implications...