Farmers, Fishers Face March 1 Tax Deadline
The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.”…
IRS Warns Tax Pros About Spear-Phishing Scams
Phishing emails are a common threat found in your inbox. While these scams range from too-good-to-be-true business opportunities to aggressive threats from “government agencies,” one specific…
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IRS Higher Education Emergency Grants FAQs Updated
The Internal Revenue Service wants college students to be a little smarter when it comes to their scholarships and any emergency grants they may have gotten due to the pandemic.…
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IRS Updates Form 14457 With Eyes to Crypto
The Internal Revenue Service has upped its game in the virtual currency world with a revision of an important reporting form.…
IRS Announces Suspension of Some Letters
The Internal Revenue Service has come to the conclusion that the agency has more on its to-do list than it can get done at one time. Something, they found, had to be “put on the back burner.”…
IRS Reminds Taxpayers that Tips are Taxable Income
Workers have returned to the service industry lately—in droves. With the threat of coronavirus subsiding in many locations, restaurants and other establishments have sprung back to life.…
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Tax Scams Not Just for Filing Season
It’s a new year and a new filing season. That means the Internal Revenue Service is hard at work fighting some long-running scams aimed at tricking taxpayers out of their hard-earned money.…
IRS Encourages Non-Filers to File for ARP Benefits
The Internal Revenue Service wants to see a 2021 income tax return from all Americans—including those who haven’t filed in years. The reason is recent legislation—including the American Rescue Plan and other new laws—has put some significant tax benefits in play for those who qualify.…
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Privacy Concerns Lead IRS to Drop Facial Recognition
Protecting taxpayer data from scammers and preventing identity theft tax refund fraud has long been a chief concern for the Internal Revenue Service, and pursuing this mission lead the agency to form the Security Summit.…
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Recovery Rebate Credit FAQs Updated
The Internal Revenue Service is pushing out a new version of its frequently asked questions (FAQs) for the 2020 Recovery Rebate Credit. The updated information is featured in Fact Sheet 2022-08, which carries the latest information pertaining to tracing payments.…
