2021

IRS Tax Tip 2021-136, September 15, 2021 Many Americans have been working from home due to the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax return when they file their 2021 tax return next year. Here are some things to …

Small business owners should see if they qualify for the home office deduction Read More »

COVID Tax Tip 2021-135, September 14, 2021 This week is National Small Business Week. The IRS acknowledges that small business employers have unique tax responsibilities, and they make valuable contributions to the economy. The agency has a variety of information and resources to help employers understand and meet these unique tax responsibilities. Most of these …

IRS resources to help small business employers understand and meet their tax responsibilities Read More »

IRS Tax Tip 2021-134, September 13, 2021 Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new business. Here are …

Understanding the tax responsibilities that come with starting a business Read More »

IRS Tax Tip 2021-133, September 9, 2021 The filing extension deadline will be here soon. Taxpayers who requested an extension to file might be considering hiring a tax preparer. The IRS reminds these taxpayers to choose their tax return preparer wisely. Taxpayers are responsible for all the information on their return, no matter who prepares …

Reminder for extension filers: choose a tax preparer wisely Read More »

IRS Tax Tip 2021-132, September 8, 2021 All tax professionals should learn the signs of data theft so they can react quickly to protect clients. During this summer’s campaign Boost Security Immunity: Fight Against Identity Theft, the IRS and its Security Summit partners remind tax pros to contact the IRS immediately when there’s an identity theft issue. They should …

Tax pros: Watch for tell-tale signs of identity theft Read More »

IRS Tax Tip 2021-131, September 7, 2021 No matter the type of disaster or how devastating it is, before the IRS can choose to authorize tax relief, the Federal Emergency Management Agency must issue a major disaster declaration. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration …

Understanding what happens after a disaster that leads to taxpayer relief Read More »

IRS Tax Tip 2021-130, September 2, 2021 Taxpayers can find answers to most questions about tax payments and penalties on IRS.gov. The Let Us Help You page, features links to information and resources on a wide range of topics related to penalties and payments. Payments Payment options This page lays out the different ways taxpayers can …

Taxpayers can find answers to questions about payments and penalties on IRS.gov Read More »

IRS Tax Tip 2021-129, September 1, 2021 Taxpayers have the right to challenge the IRS’s position and be heard. This is part of the Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right to: Raise objections. Provide additional documentation in response to formal …

All taxpayers have the right to challenge the IRS’s position and be heard Read More »

IRS Tax Tip 2021-128, August 31, 2021 Natural disasters can – and do – happen at any time. Preparing in advance of a disaster can give people peace of mind after a disaster hits as they begin the recovery process. IRS.gov has information and resources that can help taxpayers before and after a disaster. Tax Relief …

Taxpayers should review disaster resources on IRS.gov now in case they need help later Read More »

COVID Tax Tip 2021-127, August 30, 2021 It’s not too late for low-income families to sign up for advance Child Tax Credit payments. The IRS urges anyone who normally isn’t required to file a tax return to explore the tools available on IRS.gov. The Eligibility Assistant can help determine eligibility for the advance child tax credit. …

Low-income families still have time to sign up for advance Child Tax Credit payments Read More »