FICPA News
Taxpayer Advocate Service: Dedicated to helping taxpayers | Internal Revenue Service
The Taxpayer Advocate Service is an independent organization within the Internal Revenue Service. TAS protects taxpayers’ rights by striving to ensure that all taxpayers are treated fairly and know and understand their rights under the Taxpayer Bill of Rights.
irs.gov
IRS News
NFTs: The Basics And How To Tax Them
Robert Goulder and Roxanne Bland of Tax Notes discuss non-fungible tokens, their ownership rights, and how the IRS plans to tax them.
forbes.com
ABLE accounts can help people with disabilities pay for disability-related expenses | Internal Revenue Service
People with disabilities can use an Achieving a Better Life Experience or ABLE account to help pay qualified disability-related expenses. This tax-advantaged savings account doesn’t affect their eligibility for government assistance programs.
irs.gov
What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS | Internal Revenue Service
When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. However, by law, business taxpayers who pay nonemployee compensation of $600 or more must report these payments to the IRS.
irs.gov
2021 tax extension filers don’t need to wait until October 17 | Internal Revenue Service
The Internal Revenue Service is reminding the estimated 19 million taxpayers who requested an extension to file their 2021 tax return that they don’t have to wait until mid-October to file. If a taxpayer has all the necessary information to file an accurate return, they can file electronically at any time before the October deadline and avoid a last-minute rush to file.
irs.gov
Security Summit: Identity Protection PINs provide an important defense against tax-related identity theft | Internal Revenue Service
The Security Summit partners today encouraged tax professionals to increase their efforts to inform clients about the IRS Identity Protection PIN Opt-In Program to help protect people against tax-related identity theft.
irs.gov
Keith Jones, CPA Newsletter
1 Way To File IRS Offer In Compromise For Tax Relief Success
IRS Offer In Compromise lets taxpayers settle back taxes for less than the full amount owed and an OIC may be the right IRS collection alternative for you.
keithjonescpa.com