by | Mar 13, 2020 | Tax Tips and News
The federal office tasked with overseeing the Internal Revenue Service says fraudulent claims for refundable credits are going through – in spite of the tools Congress gave the agency to stop them. The Treasury Inspector General for Tax Administration – also known as...
by | Mar 13, 2020 | Tax Tips and News
The IRS is continuing its taxpayer-education outreach by highlighting the credit for other dependents (ODC) in a recent press release. The agency says this credit could be a boon for taxpayers with dependents who don’t meet the requirements for the Child Tax Credit...
by | Mar 13, 2020 | Tax Tips and News
Victims of the recent tornadoes that swept through Tennessee have gotten some tax relief from the Internal Revenue Service. Taxpayers in the storm-wrecked areas will have until July 15 to file various individual and business tax returns—and to make their tax payments....
by | Mar 13, 2020 | Tax Tips and News
House Committee letter to IRS asks if coronavirus will force a tax season extension? The House Ways and Means Committee yesterday sent a letter to the Internal Revenue Service to ask whether the April 15 deadline should be extended due to concerns about the...
by | Feb 11, 2020 | Tax Tips and News
The Internal Revenue Service recently announced that tax relief has once again been expanded for earthquake victims in Puerto Rico. This marks the second such update for areas that can qualify for this relief. What areas of Puerto Rico qualify for earthquake-related...
by | Feb 1, 2020 | Tax Tips and News
The IRS wants more eligible taxpayers to claim the Earned Income Tax Credit The Internal Revenue Service wants more taxpayers to know about the Earned Income Tax Credit, which is why the agency has coordinated the annual EITC Awareness Day event for more than a...
