IRS News
IRS Issues Plug-In Electric Drive Vehicle Credit (IRC 30D) | #site_titleIRS Issues Plug-In Electric Drive Vehicle Credit (IRC 30D)
IRS Issues Plug-In Electric Drive Vehicle Credit (IRC 30D)The Treasury Department and the IRS issued Notice 2022-46 PDF requesting comments on any questions arising from the IRA amendments to the Clean Vehicle Credit. Comments should be submitted by November 4, 2022. Updated information for consumers as of August 16, 2022 New Final Assembly Requirement If you are interested in claiming the tax credit available under
taxconnections.com
Employers urged to electronically file payroll tax returns by Oct. 31 | Internal Revenue Service
The Internal Revenue Service today reminded employers to file the next quarterly payroll tax return by the approaching October 31, 2022, due date, and urged them to do so electronically.
irs.gov
Grandparents and other relatives with eligible dependents can qualify for 2021 Child Tax Credit | Internal Revenue Service
The Internal Revenue Service reminded families that some taxpayers who claim at least one child as their dependent on their tax return may not realize they could be eligible to benefit from the Child Tax Credit (CTC).
irs.gov
Tax News
IRS Takes Steps To Address Phone Access Issues For Tax Practitioners
At the most recent meeting of the American Bar Association’s Tax Section, the IRS noted that it was looking into solutions for preventing line-blocking technology from tying up IRS service lines, specifically the lines used by tax professionals.
forbes.com
IRS Sets Higher 2023 Tax Brackets, Standard Deductions And Other Inflation Adjustments
Forty-year high inflation has driven up the standard deduction for 2023, as well as the tax brackets, earned income tax credit and more.
forbes.com
How IRS Taxes Employment Settlements
Employment disputes are emotional and difficult. Be specific about taxes so there is no dispute later. You don’t want to have a fight later about how much is subject to withholding, about exactly what tax forms are going to be issued.
forbes.com
From The Desk of Keith L. Jones, CPA
IRS Trust Fund Recovery Penalty: How To Settle & What It Is!
Trust Fund Recovery Penalty also known as TFRP, means you a can be held personally liable for a penalty for not properly managing employment taxes.
keithjonescpa.com