Builders of qualified new energy efficient homes may qualify for an expanded tax credit
The new energy efficient home credit, as amended by the Inflation Reduction Act, allows eligible contractors who construct or substantially reconstruct and rehabilitate qualified new energy efficient homes a tax credit of up to $5,000 per home.
IRS: impactados por Idalia califican para alivio tributario; fecha límite octubre 16 y otras se extienden hasta febrero 15
Alivio tributario para las personas y empresas afectadas por Idalia en partes de Florida. Estos contribuyentes ahora tienen hasta el 15 de febrero de 2024 para presentar varias declaraciones de impuestos federales individuales y comerciales, y realizar pagos de impuestos.
IRS lanza iniciativa de procesamiento sin papel
Contribuyentes tendrán opción de no usar papel para correspondencia del IRS para temporada de impuestos de 2024; IRS logrará procesamiento sin papel para todas las declaraciones para temporada de impuestos de 2025
Important details to understand when the IRS might contact a taxpayer
The Internal Revenue Service reaches out in multiple ways to educate taxpayers while ensuring it fairly enforces the nation's tax laws. There are important factors to keep in mind about when the IRS may initiate direct contact with a taxpayer.
El IRS advierte sobre las solicitudes del Crédito por Retención de Empleados
Las solicitudes falsas generan un riesgo de cumplimiento para las personas y empresas que solicitan el crédito indebidamente.
Adjust tax withholding now to pay the proper amount of tax
IRS urges taxpayers to check their tax withholding while there's time left in 2022 to benefit from any necessary changes. An adjustment made now will help people avoid a big surprise, such as a big refund or a balance due, at tax time in 2023.
The IRS is sending over 9 million letters to potentially eligible families who did not claim stimulus payments
The IRS is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a 2021 federal income tax return. Many in this group may be eligible to claim some or all of the 2021 Recovery Rebate Credit, the Child Tax Credit, the Earned Income Tax Credit and other tax credits depending on their personal and family situation.
Choosing a special Identity Protection PIN adds extra safety for taxpayers
The IRS reminds taxpayers they can get extra protection starting in January by joining the agency's Identity Protection Personal Identification Number (IP PIN) program. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number or Individual Taxpayer Identification Number on fraudulent federal income tax returns. The IRS has made recent changes to the program to make it easier for more taxpayers to join.
What is an Offer in Compromise?
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship.
Identity Theft Related to Unemployment
Unemployment compensation fraud was one of the more common identity theft schemes that emerged in 2020 as criminals exploited the COVID-19 pandemic and the resulting economic impact.
The U.S. Department of Labor's Inspector General estimated approximately $89 billion in unemployment compensation was lost in 2020 due to fraud.
Businesses, charities, others with Employer Identification Numbers must update responsible party information within 60 days of any change
Internal Revenue Service urges those entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information.
All taxpayers now eligible for Identity Protection PINs
All Tax Payers are now eligible to voluntarily get an Identity Protection PIN that will help protect you from tax-related identity theft. The IP PIN is a 6-digit number assigned to eligible taxpayers. It helps prevent identity thieves from filing fraudulent tax returns with stolen Social Security numbers (SSNs). An IP PIN helps the IRS verify taxpayers’ identities and accept their electronic or paper tax returns for processing.
IRS "Dirty Dozen" list warns people to watch out for tax-related scams
The Internal Revenue Service today continued its "Dirty Dozen" tax scams with a warning for people to watch out for predators using tax-related schemes ranging from fake charities to scams targeting seniors and immigrants.
Families receiving monthly Child Tax Credit payments can now update their direct deposit information
The Internal Revenue Service upgraded a key online tool to enable families to quickly and easily update their bank account information so they can receive their monthly Child Tax Credit payment.
The bank account update feature was added to the Child Tax Credit Update Portal, available only on IRS.gov.
Electronic options on IRS.gov are available 24/7
The Internal Revenue Service urges taxpayers to continue using electronic options to speed the processing of tax returns, refunds and payments. IRS.gov showcases many task-based tools and features to help people navigate their taxes. All are available 24/7/365.
A friendly reminder: How to protect your private tax data
You should protect your personal and financial data from criminals. Thieves use your data to file bogus tax returns and commit crimes while impersonating you.
Avoid delays: Use e-file with direct deposit for faster refunds
Although every year the IRS encourages taxpayers to e-file their returns and use direct deposit to receive refunds, to those taxpayers who have previously not used e-file, the IRS emphasizes using it this year to avoid paper-related processing delays. Taxpayers can file electronically by using a tax professional, IRS Free File or other commercial tax preparation software. The IRS cautioned paper-filed tax returns and paper checks will take even longer this year due to a variety of reasons.
Important reminders before filing 2020 tax returns
Following an unpredictable year with many changes and challenges, the Internal Revenue Service shared important reminders for taxpayers who are about to file their 2020 federal tax returns.
IRS updates FAQs on paid sick leave credit and family leave credit
The Internal Revenue Service posted updated FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA).