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Tax Tip 2022-151, October 3, 2022 Many people work for a family member, whether it’s a child helping out at their parent’s shop or spouses running a business together. When someone is employed by a family member, the tax implications depend on the relationship and the type of business. It’s important for taxpayers and employers to …
Understanding taxes when a family member signs the paycheck Read More »
Tax Tip 2022-150, September 29, 2022 Tax professionals are big targets of skilled cybercriminals scamming to get access to sensitive client information. Sometimes, no matter how careful and prepared a tax pro is, their systems can be hacked. If a tax pro or their office is the victim of data or information theft, they must …
Here’s who tax pros should contact if their business suffers a data theft or loss Read More »
COVID Tax Tip 2022-149, September 28, 2022 Individuals and businesses, affected by the COVID-19 pandemic, may qualify for late-filing penalty relief if they file their 2019 and 2020 tax returns by September 30, 2022. This penalty relief is automatic. Eligible taxpayers who already filed their tax return do not need to apply for it, and those …
File 2019 and 2020 tax returns by Sept. 30 to receive COVID penalty relief Read More »
IRS Tax Tip 2022-148, September 27, 2022 Over 90% of all individual federal tax returns are filed electronically. Becoming an IRS-authorized e-file provider is important for tax preparers who want to keep up with client demand and grow their business. All it takes is a few simple steps. Tax pros need to sign in or create an …
Tax pros can apply to be an IRS authorized e-file provider in a few simple steps Read More »
IRS Tax Tip 2022-147, September 26, 2022 Many people know IRS.gov has the latest filing info and tax forms, but they may not be aware that it also has a wide range of other tax-related topics. Here are five things people can find on IRS.gov besides filing info. Find the Taxpayer Bill of Rights – Each …
Five things people can find on IRS.gov — besides tax filing info Read More »
IRS Tax Tip 2022-146, September 22, 2022 The IRS is committed to providing the best service possible to all taxpayers including those who use assistive technology. The agency’s Alternative Media Center offers a variety of resources and accessibility services for visually impaired taxpayers. Tax-related content is available in several formats for use with assistive technology. This includes …
IRS Alternative Media Center: Working to ensure tax info is accessible to everyone Read More »
IRS Tax Tip 2022-145, September 21, 2022 When working with the IRS, taxpayers have a right to represent themselves. They can also choose a third-party agent to represent them, like a tax professional or family member. Taxpayers should be sure that their representative is authorized to practice before the IRS. Taxpayers who want to have a …
All taxpayers should know the types of authorizations for third-party representatives Read More »
IRS Tax Tip 2022-144, September 20, 2022 It’s filing extension crunch time, but people rushing to get their tax return filed should be cautious when choosing a tax preparer. Anyone can be a paid tax return preparer if they have an IRS preparer tax identification number. However, tax pros have different levels of skill, education and …
Taxpayers should know what they’re getting when they choose a tax preparer Read More »
IRS Tax Tip 2022-143, September 19, 2022 Taxpayers have the right to retain an authorized representative of their choice to represent them when they are dealing with the IRS. They also have the right to seek assistance from a Low Income Taxpayer Clinic if they cannot afford representation. This is one of the ten fundamental rights of …
Every taxpayer has the right to retain representation when working with the IRS Read More »
COVID Tax Tip 2022-142, September 15, 2022 Taxpayers who have not yet filed their 2021 tax return, should electronically file a complete and accurate return when they are ready, rather than wait until the last minute. For those who want to prepare their tax return themselves, IRS Free File remains available through the extension deadline, October 17, 2022. IRS …