Tax Tips for Individuals
Learn about estimated tax and payment options WASHINGTON, D.C. (TIP): If no tax (or not enough tax) was withheld from your taxable income, you may be required to make estimated income tax payments. Paying estimated […]
Learn about estimated tax and payment options WASHINGTON, D.C. (TIP): If no tax (or not enough tax) was withheld from your taxable income, you may be required to make estimated income tax payments. Paying estimated […]
WASHINGTON, D.C. (TIP): As the April 15 federal tax filing deadline nears, the Internal Revenue Service, on April 8, announced it will open more than 70 Taxpayer Assistance Centers (TACs) around the country on Saturday, […]
WASHINGTON D.C. (TIP): In the sixth part of the “Dirty Dozen” tax scams for 2024, the Internal Revenue Service warned taxpayers about groups masquerading as charitable organizations to attract donations from unsuspecting contributors. In natural […]
WASHINGTON D.C. (TIP): In the sixth part of the “Dirty Dozen” tax scams for 2024, the Internal Revenue Service warned taxpayers about groups masquerading as charitable organizations to attract donations from unsuspecting contributors. In natural […]
April 3, 2024 WASHINGTON, D.C. (TIP): As part of the annual Dirty Dozen list of tax scams, the Internal Revenue Service, on April 3, renewed its warning to taxpayers concerning pricey Offer in Compromise (OIC) […]
April 2, 2024 WASHINGTON, D.C. (TIP): With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time to file their federal income tax return electronically and request direct deposit. Filing electronically […]
WASHINGTON, D.C. (TIP): As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service, on December 21, launched a new Voluntary Disclosure Program to help businesses who […]
WASHINGTON, D.C. (TIP): As part of continuing transformation work, the Internal Revenue Service, on December 18, announced the launch of the second phase of a new online self-service tool for businesses that expands the business […]
WASHINGTON, D.C. (TIP): The Treasury Department and Internal Revenue Service, on December 20, issued Notice 2024-05 regarding the commercial clean vehicle credit for commercial vehicles placed in service in 2024. The guidance provides a safe […]
NEW YORK (TIP): Rudy Giuliani, once famous as “Mayor of America” and a longtime associate of former President Donald Trump, has filed for bankruptcy just days after he was ordered to pay $148m (£116m) in […]
WASHINGTON D.C. (TIP): The Internal Revenue Service reminded taxpayers who didn’t pay enough tax in 2023 to make a fourth quarter tax payment on or before Jan. 16 to avoid a possible penalty or tax […]
WASHINGTON, D.C. (TIP): As part of ongoing efforts to protect taxpayers, the Internal Revenue Service reminds people that International Fraud Awareness Week serves as an important time to protect personal and financial information from scam […]
WASHINGTON D.C. (TIP): The Internal Revenue Service is reminding taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is Sept. 15, 2023. Taxpayers not subject to withholding may need to […]
WASHINGTON , D.C. (TIP): Today, the Internal Revenue Service announced an administrative transition period that extends until 2026 the new requirement that any catch-up contributions made by higher‑income participants in 401(k) and similar retirement plans […]
WASHINGTON, D.C. (TIP): As aggressive marketing continues; the Internal Revenue Service, on May 25, renewed an alert for businesses to watch out for tell-tale signs of misleading claims involving the Employee Retention Credit. The IRS […]
WASHINGTON, D.C. (TIP): The Internal Revenue Service today encouraged small businesses to take advantage of the numerous resources available on IRS.gov. As part of National Small Business Week April 30 to May 6, the IRS […]
WASHINGTON D.C. (TIP): The Internal Revenue Service today reminded low- to moderate-income taxpayers, especially those who don’t normally file a tax return, to consider IRS Free File to prepare their own federal tax return to […]
WASHINGTON, D.C. (TIP): The Internal Revenue Service (IRS) announced Wednesday, April 12, that over a million Americans have unclaimed tax refunds for the tax year 2019 and face a looming deadline to claim a total […]
WASHINGTON, D.C. (TIP): The Internal Revenue Service today reminded people that Tax Day, April 18, is also the deadline for first quarter estimated tax payments for tax year 2023. These payments are normally made by […]
WASHINGTON, D.C. (TIP): The Internal Revenue Service wrapped up the annual Dirty Dozen list of tax scams for 2023 with a reminder for taxpayers, businesses and tax professionals to watch out for these schemes throughout […]
42 key initiatives, 190 key projects designed to help taxpayers, the tax community and the nation WASHINGTON D.C. (TIP): Following months of work, the Internal Revenue Service, on April 6, unveiled its Strategic Operating Plan, […]
Interested candidates from all states encouraged to apply by March 31 WASHINGTON, D.C. (TIP): The Internal Revenue Service announced , March 2, the selection of eight new members to serve on the Taxpayer Advocacy Panel […]
WASHINGTON, D.C. (TIP): In the latest improvement for taxpayers, the Internal Revenue Service announced today, February 9, that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time […]
WASHINGTON, D.C. (TIP): The Internal Revenue Service, on January 12, announced Monday, Jan. 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year […]
WASHINGTON, D.C. (TIP): As part of a broader effort to increase security, the Internal Revenue Service and the Security Summit partners today reminded taxpayers they could get extra protection starting in January by joining the […]
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