IRS Urges Taxpayers to Choose Tax Preparers Carefully to Protect Data (IR-2025-21)
The IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]
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The IRS has released the 2023-2024 special per diem rates. Taxpayers use the per diem rates to substantiate certain expenses incurred while traveling away […]
Read MoreThe IRS provided guidance on the new energy efficient home credit, as amended by the Inflation Reduction Act of 2022 (P.L. 117-169). The guidance largely […]
Read MoreThe IRS identified drought-stricken areas where tax relief is available to taxpayers that sold or exchanged livestock because of drought. The relief extends the deadlines for taxpayers to replace the livestock and avoid reporting […]
Read MoreWith the Internal Revenue Service announcing more details on how it will be targeting America’s wealthiest taxpayers, Kostelanetz’s Megan Brackney offered up […]
Read MoreThe IRS has cautioned taxpayers to be vigilant about promotions involving exaggerated art donation deductions that may target high-income individuals and has also provided valuable tips to […]
Read MoreFor 2024, the Social Security wage cap will be $168,600, and social security and Supplemental Security Income (SSI) benefits will increase by 3.2 percent. These changes reflect cost-of-living adjustments to account for inflation. Wage Cap for Social Security Tax […]
Read MoreThe IRS announced tax relief for individuals and businesses affected by terrorist attacks in the State of Israel. The IRS would continue to monitor events and may […]
Read MoreThe Internal Revenue Service could release as soon as today the process that businesses can use to withdraw employee retention credit claims. The move comes in the wake […]
Read MoreThe IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]
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The IRS provided six tips to help taxpayers file their 2024 tax returns more easily. Taxpayers should follow these steps […]
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The IRS encouraged taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax […]
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Guidance is provided for property and casualty insurers that write inland marine insurance and pay the State Fire Marshal Regulatory […]
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The IRS released the optional standard mileage rates for 2025. Most taxpayers may use these rates to compute deductible costs […]
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The IRS, in partnership with the Coalition Against Scam and Scheme Threats (CASST), has unveiled new initiatives for the 2025 […]
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The IRS reminded disaster-area taxpayers that they have until February 3, 2025, to file their 2023 returns, in the entire […]
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The IRS has announced plans to issue automatic payments to eligible individuals who failed to claim the Recovery Rebate Credit on their […]
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