If you live in California, you might qualify for an extension. The IRS is offering California taxpayers more time to file their taxes after the state was hit with a period ofsevere weatherin January. While Tuesday, April 18, 2023, is the tax filing deadlin...
Researchers have warned users to be on alert, as the IRS never sends emails to confirm taxpayers’ personal information. byWaqas March 30, 2023 Hacking News Security Network access to Pakistan’s top fed agency FBR sold on Russian forum ...
IRS sending out $42M in letters to alert taxpayers to upcoming rebate checks -- Tax refund notices drawing criticism from DemsDevlin Barrett
That means taxpayers and tax professionals should be alert to fake communications posing as legitimate organizations in the tax and financial community, including the IRS and state tax agencies. These messages arrive in the form of unsolicited texts or emails to lure unsus...
The IRS issues Identity Protection PINs to taxpayers who have been identified as high risk for taxpayer identity fraud, including previous victims and those in states where the IRS is piloting the program. IRS Pin Defined Called the Identity Protection PIN, this six-digit number is issued to cer...
Section 6418 provides that eligible taxpayers may transfer all, or a portion of, their eligible credits to a taxpayer that is not related to the transferor taxpayer (within the meaning of Section 267(b) or 707(b)(1)). Consideration for such transfer must be paid in cash,...
The forthcoming regulations are intended to apply to taxable years ending after May 12, 2023, but taxpayers may rely on the notice for projects that begin construction up to 90 days after the publication date of the future proposed regulations. ...
heIRSissued a consumer alert today regarding misleading advice circulating on social media about a supposed"Self Employment Tax Credit"that's prompting taxpayers to file false claims. This misleading information suggests that self-employed individuals and gig workers can receive substantial payments for th...
If you opted for direct deposit when filing througheFile.com, your refund will be electronically transferred from the U.S. Treasury directly into the bank account you provided. Direct deposit is the fastest way to receive your refund, and you can track the status using the IRS "Where's My...
For our third item, the IRS loves to useexaggerated estimatesof a “tax gap.” This is what it means in reality. Since I’mnot a fan of withholding, this next tweet hits home. And it doesn’t even capture the entire truth since very few taxpayers know that their payroll taxes areactu...