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IRS Tax Tip 2021-116, August 10, 2021 The IRS and its Security Summit partners recently kicked off their annual summer campaign. This year’s theme, Boost Security Immunity: Fight Against Identity Theft, urges tax pros to step up their efforts to protect client data. An IP PIN is a valuable tool that can help in this effort and …
Tax security tip: Get an IP PIN to help stop identity thieves Read More »
IRS Tax Tip 2021-115, August 9, 2021 After a natural disaster, having access to personal financial, insurance, medical and other records can help people starting the recovery process quickly. There are a few things taxpayers can do to help protect their financial safety in a disaster situation. Here are some financial preparedness tips. Update emergency …
Financial safety: The often forgotten piece of disaster preparedness Read More »
COVID Tax Tip 2021-114, August 5, 2021 The IRS reminds taxpayers who filed extensions for their 2020 tax return that electronic filing, payment and other options for help with taxes are available until the October 15 deadline. While there is no penalty for filing after the deadline if a refund is due, an extension of …
IRS Tax Tip 2021-113, August 4, 2021 The IRS and its Security Summit partners recently kicked off their annual summer campaign. This year’s theme, Boost Security Immunity: Fight Against Identity Theft, urges tax pros to step up their efforts to protect client data. One way they can do this is by using multi-factor authentication. Multi-factor authentication, also …
Multi-factor authentication is essential to protecting against data theft Read More »
IRS Tax Tip 2021-112, August 3, 2021 America’s taxpayers have specific rights when they interact with the IRS. These ten rights are known collectively as the Taxpayer Bill of Rights. These rights cover a wide range of topics and issues and lay out what taxpayers can expect in the event they need to work with the …
Taxpayer Bill of Rights: The ten rights of every taxpayer Read More »
IRS Tax Tip 2021-110, July 29, 2021 Taxpayers and tax professionals calling the IRS will be asked to verify their identity. This is part of the agency’s ongoing efforts to keep taxpayer data secure from identity thieves. Before calling, everyone should visit IRS.gov to access resources like the Let Us Help You page to get faster answers …
Taxpayers and tax pros should be ready to verify their identity when calling the IRS Read More »
IRS Tax Tip 2021-109, July 28, 2021 The IRS continues to observe criminals using a variety of scams that target honest taxpayers. In some cases, these scams will trick taxpayers into doing something illegal or that ultimately causes them financial harm. These scammers may cause otherwise honest people to do things they don’t realize are …
IRS cautions taxpayers about fake charities and scammers targeting immigrants Read More »
IRS Tax Tip 2021-108, July 27, 2021 During the summer many students focus on making money from a summer job. They may want to gain work experience, earn some spending money or help pay for college. Here are some facts all student workers should know about summer jobs and taxes. Not all the money they …
IRS Tax Tip 2021-107, July 26, 2021 An IRS online account is a safe and easy way for individual taxpayers to view specific details about their federal tax account. Here are some of the benefits and features of this online system. Taxpayers can view: Their payoff amount, which is updated for the current day. The balance for each …
Here’s why taxpayers should have an IRS online account Read More »
Tax Tip 2021-106, July 22, 2021 As a new school year approaches, students are considering what classes they need to take and how much the classes will cost. Whether it’s community college, a trade school, a four-year university or an advanced degree, higher education is expensive. The good news is tax credits can help offset …
Here’s what taxpayers need to know about higher education tax credits Read More »