Aug 3, 2020 | Tax Tip
What taxpayers should do if they get a letter or notice from the IRS Every year the IRS mails letters or notices to taxpayers for many different reasons. Here are some do’s and don’ts for taxpayers who receive one: Don’t ignore it. Most IRS letters and notices are...
Jul 1, 2020 | Tax Tip
IRS provides tax relief for the low-income housing credit and bonds for qualified residential rental projects WASHINGTON – In response to the ongoing COVID-19 pandemic, the Internal Revenue Service today issued Notice 2020-53 (PDF) to provide tax relief to issuers,...
Jun 10, 2020 | Tax Tip
Here’s who qualifies a taxpayer for the child and dependent care credit Childcare or adult dependent care can be a major expense. Fortunately, the child and dependent care credit can provide some relief. Taxpayers who pay for daycare expenses may be eligible to claim...
May 11, 2020 | Tax Tip
Taxpayers act now to receive Economic Impact Payments by direct deposit People must use Get My Payment by noon Wednesday, May 13, for a chance to get their Economic Impact Payment by direct deposit. After noon Wednesday, the IRS will begin preparing to mail millions...
Apr 2, 2020 | Tax Tip
IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or...
Mar 4, 2020 | Tax Tip
Five steps taxpayers can take now to protect against identity theft All taxpayers should make sure they’re doing everything they can to prevent a thief from stealing their identity. Tax-related ID theft occurs when someone uses a taxpayer’s stolen personal information...
