TIGTA Helps IRS Prevent $3.5 Billion of Bogus Tax Credit Claims The Treasury Inspector General for Tax Administration (TIGTA) – which was created by Congress in 1999 to provide oversight of the Internal Revenue Service – claimed credit this week for helping the IRS prevent the potentially frau...
” said John Podesta, Senior Advisor to the President for Clean Energy Innovation and Implementation. “Today’s guidance from Treasury provides certainty that multiple pathways are available to producers as they compete to decarbonize the aviation sector.”...
The IRS Form 1040 is one of the official documents that U.S. taxpayers can use to file their annual income tax return. IRS Form 1040 comes in a few variations. There have been a few recent changes to the federal form 1040. We’ll review the differences a
Problem: The IRS—not eFile.com—rejected your Federal Tax Return because the Name or Social Security Number (SSN) entered for yourself does not match what the IRS has in their records. The IRS receives this information from the Social Security Administration (SSA). Solution: Let us help you...
physician stating that they are mentally or physically unable to return to work. Along with obtaining a note from their doctor, these individuals, as with senior citizens who plan to claim the credit, must have incomes that fall at or below the stipulated amount for that particular tax year....
The Internal Revenue Service today warned taxpayers to watch out for promoters who push improper Fuel Tax Credits claims in the fourth day of the 2024 Dirty Dozen list of tax scams.
The IRS is warning taxpayers at the opening of the 2023 tax filing season that they should expect smaller refunds due to pandemic relief measures that have been allowed to expire.
Credit: d3sign / Getty Images The IRS Direct File pilot program is now open to receive tax filings from eligible taxpayers. The program allows some taxpayers to file online for free directly to the IRS, using the agency's own in-house software and customer service support. Only taxpayers...
IRC Section 48E, Clean Energy Investment Tax Credit After December 31, 2024, Section 45 (PTC) and Section 48 (ITC) will be replaced by Technology-Neutral Sections 45Y and 48E, respectively. The domestic content bonus is an opportunity for taxpayers claiming clean energy tax credits to claim...
8. Partner with a tax debt relief company A debt relief company can help with your IRS tax debt. However, they only have access to the same routes you have as an individual. For example, they can negotiate with the IRS on your behalf, working to get you an installment agreement, offers...