IRS News
Employers warned to beware of third parties promoting improper Employee Retention Credit claims | Internal Revenue Service
The Internal Revenue Service today warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.
irs.gov
IRS provides tax inflation adjustments for tax year 2023 | Internal Revenue Service
The Internal Revenue Service announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments
irs.gov
IRS sending letters to over 9 million potentially eligible families who did not claim stimulus payments, EITC, Child Tax Credit and other benefits; Free File to stay open until Nov. 17 | Internal Revenue Service
Starting this week, the Internal Revenue Service 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.
irs.gov
Tax News
IRS Waives Some Penalties On Inherited IRAs
The IRS changed the rules and decided it wasn't fair to do so retroactively.
forbes.com
Don’t Let The IRS Take Your Charitable Contribution Deductions
The IRS can deny charitable deductions when all the documentation rules aren't followed, even if there's no doubt the contributions were made.
forbes.com
Missed a tax credit from last year? You can claim that money through Nov. 15
GetCTC.org will let those who typically don't file tax returns claim the child tax and earned income tax credits and third stimulus checks, through Nov. 15.
cnbc.com
From The Desk of Keith L. Jones, CPA
Selecting IRS Tax Professional | 8 Critical Considerations
There are 8 critical considerations for selecting an IRS tax professional for tax debt relief, which is as confusing as reading an IRS tax transcript.
keithjonescpa.com