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IRS Tax Tip 2020-02, January 14, 2020 When thinking about protecting taxpayer data, there’s one thing tax professionals can first do: look around their office. Tax preparers should look for all places they store data and use a critical eye to assess whether that data is secure. Tax preparers should also remember that unsecured data …
Questions for tax preparers to ask themselves about data security Read More »
IRS Tax Tip 2020-01, January 13, 2020 While many people are required to file a tax return, it’s a good idea for everyone to determine if they should file. Some people with low income are not required to file, but will need to do so if they can get a tax refund. Here are five …
Here are reasons for people to file a 2019 tax return Read More »
IRS Tax Tip 2020-03, January 15, 2020 The Taxpayer Bill of Rights protects all taxpayers working with the IRS. In fact, they lay out the framework to make sure the IRS fairly and impartially carries out tax administration. These rights are explained on IRS.gov and in Publication 1, Your Rights As A Taxpayer. They describe what taxpayers can expect if …
IRS Tax Tip 2019-179, December 18, 2019 With the tax filing season almost here, taxpayers should check out two new IRS publications available on IRS.gov. These publications can help people get prepared to submit their tax returns and stay organized with tips for year-round tax planning. Publication 5348, Get Ready to File (PDF) This publication …
New publications help taxpayers get ready and stay ready for tax filing season Read More »
IRS Tax Tip 2019-178, December 17, 2019 Small business owners should review the rules for filing two commonly-used employment tax returns. The two forms are: Form 944, Employer’s Annual Federal Tax Return Form 941, Employer’s Quarterly Federal Tax Return Small business owners should remember these two forms are not interchangeable. A small business files one …
Small business owners should use the correct form to pay employment taxes Read More »
IRS Tax Tip 2019-177, December 16, 2019 As tax filing season approaches, taxpayers should remember there are things they can do before the end of the year. Doing these will help people get ready for the upcoming tax filing season. Here are a few things taxpayers still have time to do this year: Donate to …
Get ready for taxes: what to do now before the tax year ends Read More »
Tax Tip 2019-176, December 13, 2019 With taxpayers beginning to think about filing their taxes next year, they can also consider volunteering to help others do so. The agency and its partner organizations are looking for people to prepare tax returns at free tax preparation sites across the country. People can sign up through the …
Here’s how people can volunteer to help other taxpayers in their communities Read More »
IRS Tax Tip 2019-175, December 12, 2019 Tax returns, like snowflakes and thumbprints are unique and individual. So too, is each taxpayer’s refund. This is something for taxpayers to remember next year when someone they know says or posts on social media about receiving a federal tax refund. Even though the IRS issues most refunds …
Get ready for taxes: Here’s what to know about getting a tax refund Read More »
Tax Tip 2019-174, December 11, 2019 With the tax filing season just weeks away, tax professionals who have a data security plan should review it for updates. Those who don’t have a plan should create one and use the information below to get started. Having a written data security plan isn’t just a good idea, …
Here’s what tax preparers need to know about a data security plan Read More »
IRS Tax Tip 2019-173, December 10, 2019 After filing their tax return, a taxpayer will know whether they are receiving a refund. Sometimes, however, a taxpayer’s refund will be for a different amount than they expect. Here are some reasons a taxpayer’s refund might be less than they thought it would be: Financial transactions happening …
Get ready for taxes: Here’s what to know about the amount of a tax refund Read More »