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Avoiding Identity Theft Scammers Posing as the IRS
Imitation may be the sincerest form of flattery, but when scammers pose as the IRS it means trouble for taxpayers. Identity thieves may...
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Platinum Professional Services
Sep 20, 20234 min read
Red Flags for Employee Retention Credit Claims
The Internal Revenue Service released Red Flags for Employee Retention Credit Claims to warn businesses to watch out for aggressive...
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Platinum Professional Services
Sep 8, 20234 min read
South Carolina taxpayers impacted by Idalia qualify for tax relief
The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia, anywhere in South Carolina....
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Platinum Professional Services
Aug 29, 20231 min read
Educator Expense Deduction Helps Teachers Cut Classroom Costs
Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back....
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Platinum Professional Services
Aug 24, 20232 min read
Heavy Highway Vehicle Use Tax
The Heavy Highway Vehicle Use Tax is an annual federal excise tax on heavy highway motor vehicles operating on public highways. The...
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Platinum Professional Services
Aug 21, 20232 min read
Owners of Solar and Wind Powered Energy Facilities in Low-income Communities
The Department of the Treasury and the Internal Revenue Service issued final regulations and Revenue Procedure 2023-27 to provide...
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Platinum Professional Services
Aug 16, 20232 min read
Identity Theft Red Flags Tax Pros Should Know
According to the IRS tax professionals have a precious commodity that identity thieves desperately want — client tax information. With...
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Platinum Professional Services
Aug 10, 20232 min read
Builders of Qualified New Energy Efficient Homes Might Qualify for an Expanded Tax Credit
The Internal Revenue Service reminds eligible contractors who build or substantially reconstruct qualified new energy efficient homes...
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Platinum Professional Services
Jul 25, 20232 min read
Security Measures for Tax Professionals and Taxpayer Scams on the Rise
Protect data using Written Information Security Plan The IRS and its Security Summit partners encourage tax professionals to take...
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Platinum Professional Services
Jul 10, 20231 min read
Accessible Tax Info and Forms Available with the IRS Alternative Media Center
The IRS wants taxpayers to know that they strive to serve all taxpayers by providing tax information in a variety of formats and...
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Platinum Professional Services
Jun 30, 20232 min read
July 17 is the Last Time for Taxpayers to Claim $1.5 billion in Tax Refunds from 2019 Tax Returns
The Internal Revenue Service issued a final reminder today to nearly 1.5 million taxpayers across the country to claim their refunds for...
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Platinum Professional Services
Jun 19, 20232 min read
An Identity Protection PIN Helps Shield Taxpayers from Tax-Related Identity Theft
Identity Protection PINs stop identity thieves from filing fraudulent tax returns. Taxpayers who participate in this program are assigned...
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Platinum Professional Services
Jun 14, 20232 min read
Tax Considerations When Selling a Home
Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale...
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Platinum Professional Services
May 16, 20232 min read
Installing Solar Panels or Other Home Improvements May Qualify Taxpayers for Home Energy Credit
Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may...
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Platinum Professional Services
Apr 24, 20231 min read
Here’s What Taxpayers Need to Know to Claim Clean Vehicle Tax Credits
The Inflation Reduction Act of 2022 made several changes to the tax credits provided for qualified plug-in electric drive motor vehicles,...
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Platinum Professional Services
Apr 18, 20232 min read
Here is When to File an Amended Return
According to the IRS: Even after making every effort to file a complete and accurate tax return, mistakes can happen. When a taxpayer...
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Platinum Professional Services
Dec 5, 20222 min read
Taxpayers should review the 401(k) and IRA limit increases for 2023
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...
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Platinum Professional Services
Nov 18, 20222 min read
Seniors Can Reduce their Tax Burden by Donating to Charity Through their IRA
In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but...
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Platinum Professional Services
Nov 2, 20222 min read
Service providers and Others May Receive 1099-Ks for Sales over $600 in Early 2023
The Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form...
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Platinum Professional Services
Oct 2, 20223 min read
Hurricane Ian Victims in Florida Qualify for Tax Relief
Hurricane Ian victims throughout Florida now have until Feb. 15, 2023, to file various federal individual and business tax returns and...
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