IRS Issues FBAR Reminder
Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings.…
IRS Adds Time to Replace Some Livestock
Farmers and ranchers hard-hit by drought in parts of the U.S. have gotten a little help from the Internal Revenue Service.…
Charitable Deductions for Non-Itemizers
Recent changes in the tax regulations to help ease the burdens of the pandemic could lead to lower tax bills at filing time for some Americans. The new benefits allow taxpayers who do not itemize to take advantage of donations to charity—at least for a while.…
Louisiana Dyed Fuel Relief Extended
To help compensate for a shortage of diesel fuel in the wake of Hurricane Ida in Louisiana, the Internal Revenue Service has extended its relief measures basically allowing dyed diesel fuel to be temporarily sold and used for highway purposes.…
COVID Home Tests Reimbursable
With the recent developments in the battle against COVID-19, health authorities are turning to tests for the virus that can be carried out at home.…
No Dyed Fuel Penalty for Some in Louisiana
When a major natural disaster strikes, it’s not uncommon for federal officials to pull out all the stops at their disposal to speed the wheels of recovery. That’s what’s happening now in Louisiana, in the wake of Hurricane Ida.…
Is Your Website ADA Compliant?
Small businesses that make their website compliant with Americans with Disabilities Act standards could qualify for the disabled access tax credit.…
What are the Q4 Interest Rates?
October is just a month away, so it’s time once again for an important announcement by the Internal Revenue Service: The federal fourth quarter interest rates. Despite the seasons changing, it looks…
Is This Text Really From the IRS?
Impersonating the Internal Revenue Service is big business for identity thieves. These phishing scams often combine fear of the agency with urgency (and threats), and those who fall for them can soon find their information or money stolen. That’s why the IRS this week highlighted how they communicate with taxpayers.…
Change Address on Child Tax Credit Update Portal
A new feature just added to the IRS’ Child Tax Credit Update Portal allows users receiving the advance credit payments to change their mailing addresses.…
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