Tax Alerts

IRS and Organizations Highlight Charity Fraud Awareness

The IRS joined international organizations and other regulators in highlighting Charity Fraud Awareness Week on October 18-22. The campaign is run by an international partnership of charities, regulators, law enforcers and other not-for-profit stakeholders. Fake charities were once again part of the IRS’s “Dirty Dozen” tax scams for 2021. Taxpayers can find legitimate and qualified charities with the Tax Exempt Organization Search tool here.

“We especially advise taxpayers to be on the lookout for scammers who set up fake organizations to take advantage of the public’s generosity,” said IRS Director of Exempt Organizations and Government Entities Rob Malone. “They take advantage of tragedies and disasters, such as the COVID-19 pandemic. Campaigns like Charity Fraud Awareness Week can help remind everyone to remain vigilant.”, he added.

 

IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2022-34

The IRS has updated the applicable percentage table used to calculate an individual’s premium tax credit and required contribution percentage […]

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IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2022-34

Reproduction/Substitute Information Returns Requirements Issued, Rev. Proc. 2022-30

The IRS has provided the specifications for the private printing of red-ink substitutes for the 2022 revisions of information returns, […]

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Reproduction/Substitute Information Returns Requirements Issued, Rev. Proc. 2022-30

IRS Advises Tax Professionals on Signs of Identity Theft, IR-2022-144

The IRS and Security Summit partners have urged tax professionals to be vigilant and look out for the signs of […]

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IRS Advises Tax Professionals on Signs of Identity Theft, IR-2022-144

IRS Issues Statement on CP-14 Notices

The IRS was aware that some payments made for 2021 tax returns were incorrectly applied to joint taxpayer accounts. These […]

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IRS Issues Statement on CP-14 Notices

IRS and Treasury Release Initial Information on Electric Vehicle Tax Credit Under Inflation Reduction Act

The Treasury Department and the IRS have published initial information on changes to the tax credit for electric vehicles strengthened […]

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IRS and Treasury Release Initial Information on Electric Vehicle Tax Credit Under Inflation Reduction Act

Educators Reminded About 2022 Educator Expense Deduction Rise, IR-2022-148

The IRS reminded educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses when they […]

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Educators Reminded About 2022 Educator Expense Deduction Rise, IR-2022-148

IRS Announces New Sign-In Process for Form 990-N Filers

The IRS has announced that beginning August 2022, smaller charities that are eligible and choose to file Form 990-N, Electronic […]

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IRS Announces New Sign-In Process for Form 990-N Filers

FL - Taxpayer lacked standing to challenge department's former practice

The taxpayer did not have standing to contest a notice of proposed assessment that assessed Florida sales and use tax, […]

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FL - Taxpayer lacked standing to challenge department's former practice

IRS Encourages Tax Professionals to Inform Clients About IP PIN Opt-In Program, IR-2022-140

The IRS, and the Security Summit Partners have encouraged tax professionals to inform their clients about the IRS Identity Protection […]

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IRS Encourages Tax Professionals to Inform Clients About IP PIN Opt-In Program, IR-2022-140

IRS Releases Five Year Strategic Plan to Enhance Service to Taxpayers, IR-2022-142

The IRS has released its five-year strategic plan that outlined its goals to improve taxpayer service and tax administration. The plan would […]

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IRS Releases Five Year Strategic Plan to Enhance Service to Taxpayers, IR-2022-142