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COVID Tax Tip 2022-101, July 5, 2022 The IRS’s new voice bot options mean less time on hold for taxpayers trying to verify their identity to set up or modify a payment plan. Voice bots run on software powered by artificial intelligence, which allows a caller to navigate an interactive voice response. These voice bots …
New voice bot options mean faster service and less wait time for taxpayers Read More »
IRS Tax Tip 2022-100, June 30, 2022 Tax pros take their responsibilities to protect client data seriously. Knowing common identity theft scams, like spear phishing, is one way they can do that. Spear phishing scams can target specific individuals or specific groups. Spear phishing scams affect all types of businesses and organizations, including small businesses with a …
Spear phishing targets tax pros and other businesses Read More »
COVID Tax Tip 2022-99, June 29, 2022 Compiled annually, the Dirty Dozen lists a variety of common scams that taxpayers can encounter anytime. The IRS warns taxpayers, tax professionals and financial institutions to beware of these scams. This year’s list is divided into five groups. Here’s an overview of the top twelve tax scams of …
An overview of the IRS’s 2022 Dirty Dozen tax scams Read More »
IRS Tax Tip 2022-98, June 28, 2022 Parents who are divorced, separated, never married or live apart and who share custody of a child with an ex-spouse or ex-partner need to understand the specific rules about who may be eligible to claim the child for tax purposes. This can make filing taxes easier for both …
Claiming a child as a dependent when parents are divorced, separated or live apart Read More »
IRS Tax Tip 2022-97, June 27, 2022 Many people take up gig work on a part-time or full-time basis, often through a digital platform like an app or website. Gig work, such driving a car for booked rides, selling goods online, renting out property, or providing other on-demand work, is taxable and must be reported …
Here are some things gig economy workers should know about their tax responsibilities Read More »
IRS Tax Tip 2022-96, June 23, 2022 When someone dies, their surviving spouse or representative files the deceased person’s final tax return. On the final tax return, the surviving spouse or representative will note that the person has died. The IRS doesn’t need any other notification of the death. Usually, the representative filing the final tax …
How to file a final tax return for someone who has passed away Read More »
IRS Tax Tip 2022-95, June 22, 2022 Tax credits and deductions can help lower the amount of tax owed. All taxpayers should begin planning now to take advantage of the credits and deductions they are eligible for when they file their 2022 federal income tax return next year. Here are a few facts that can help taxpayers …
IRS Tax Tip 2022-94, June 21, 2022 For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing — what’s a W-4, anyway? New employees should ensure they understand their tax situation and do some planning now, so they’re in good shape at tax time next …
What people new to the workforce need to know about income tax withholding Read More »
IRS Tax Tip 2022-93, June 16, 2022 Under the tax law, payers responsible for knowing who they are paying. To accomplish this, payers are required to collect the legal name and taxpayer identification number, or TIN, from vendors they pay. Generally, backup withholding is required when a service vendor does not provide the payer their TIN timely or …
Fast facts to help taxpayers understand backup withholding Read More »
IRS Tax Tip 2022-92, June 15, 2022 When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married for filing purposes until they get a final decree of divorce or separate maintenance. Update withholding When someone becomes divorced or separated, …
Some tax considerations for people who are separating or divorcing Read More »