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IRS Tax Tip 2022-181, November 28, 2022 During the holiday season, taxpayers should be aware of gift card scams thieves commonly use this time of year. Con artists will target taxpayers by asking them to pay a fake tax bill with gift cards. They may also use a compromised email account to send emails requesting …
Taxpayers shouldn’t let gift card scammers ruin the holidays Read More »
IRS Tax Tip 2022-180, November 23, 2022 As tax professionals begin preparing for the upcoming filing season, reviewing their security measures should be at the top of their to-do list. The Taxes-Security-Together Checklist can help tax them identify the basic steps they should take to safeguard their clients and their business. Here are some of the recommended …
Filing season readiness for tax pros: review data safeguards Read More »
IRS Tax Tip 2022-179, November 22, 2022 Taking online security seriously can help people keep their information safe and out of the hands of identity thieves and scammers. It only takes a few simple steps to avoid common security pitfalls. By following these tips, consumers and taxpayers can reduce the risk of losing their identity, money …
These security guidelines can help keep personal info safe online Read More »
IRS Tax Tip 2022-178, November 21, 2022 The amount individuals can contribute to their 401(k) plans in 2023 will increase to $22,500 — up from $20,500 for 2022. The income ranges for determining eligibility to make deductible contributions to traditional IRAs, contribute to Roth IRAs, and claim the Saver’s Credit will also all increase for …
Taxpayers should review the 401(k) and IRA limit increases for 2023 Read More »
IRS Tax Tip 2022-177, November 17, 2022 Any non-credentialed tax return preparers who want to increase their knowledge and improve their filing season readiness should consider the IRS’ Annual Filing Season Program. This voluntary program is intended to encourage non-credentialed tax return preparers to take continuing education courses to further their professional knowledge. By December 31, …
IRS Tax Tip 2022-176, November 16, 2022 There are more than 750,000 active tax return preparers that must renew their Preparer Tax Identification Numbers now for 2023. All current PTINs will expire December 31, 2022. Anyone who’s paid to prepare or assist in the preparation of all, or a substantial part of any U.S. federal tax …
PTINs expire soon – tax pros can renew online for faster processing Read More »
IRS Tax Tip 2022-175, November 15, 2022 The Tuesday after Thanksgiving marks Giving Tuesday when many people choose to make charitable donations. People making charitable donations for Giving Tuesday, or at any time during the year, should review whether their gift is tax-deductible. Donations to charities may be deductible Most contributions of cash or property …
IRS Tax Tip 2022-174, November 14, 2022 By law, all taxpayers have fundamental rights when they’re interacting with the IRS. It’s important that all taxpayers know and understand their rights. The Taxpayer Bill of Rights presents these rights in 10 categories. For full official details about each right, visit the links below.
IRS Tax Tip 2022-173, November 10, 2022 Knowledge is a taxpayer’s first line of defense against scammers who pretend to be from the IRS with the goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers: More Information:
IRS Tax Tip 2022-172, November 9, 2022 As the nation prepares to celebrate Veterans Day, the IRS reminds members of the military, veterans and their families that the agency offers a variety tax resources specifically for them. These resources and information are designed to help members of the military community navigate their unique and sometimes …
Tax resources and information for U.S. service members and veterans Read More »