Tax Alerts

IRS Cautions Taxpayers of Summer Email, Text Scams Involving EIPs, Tax Refunds, IR-2023-131

The IRS has cautioned taxpayers to be aware of a surge of tax scams as identity thieves continue pounding out a barrage of email and text messages promising tax refunds or offers to help ‘fix’ tax problems. The special Summer news release series is aimed at raising awareness among tax professionals on ways to protect themselves – and their clients – against identity theft. The IRS has highlighted some of the most recent wave of activity involving tax scammers; they are:

  • the Economic Impact Payment (EIP) scheme : these promise a third round of economic impact payment;
  • false Employee Retention Credit (ERC) claims : urge people to improperly claim their ERC with fake offers;
  • claim your tax refund scam : these proclaim people should claim their tax refund online;
  • the “Help You Fix-It” text scheme : identity thieves send messages offering to resolve the taxpayer’s problem if they click a link; and
  • the “delivery service”scam: involves a mailing that arrives from a delivery service claiming to be from the IRS.

The IRS has reminded taxpayers to look for telltale signs such as obvious grammatical errors, misspellings and factual inaccuracies. Further, the IRS cautioned taxpayers to be wary of clicking on anonymous links and sharing valuable personal information and financial information. However, if taxpayers are victims of any such tax scams then they should report the email to phishing@irs.gov. In addition, they should also file a complaint with Treasury Inspector General for Tax Administration and visit the IRS website.

FL - Guidance issued on catastrophic event property damage

Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]

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FL - Guidance issued on catastrophic event property damage

FL - Tax relief provided for taxpayers affected by Hurricane Idalia

In response to Hurricane Idalia, eligible taxpayers that file Florida corporate income tax returns with original due dates or extended […]

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FL - Tax relief provided for taxpayers affected by Hurricane Idalia

IRS Warns About ESOP Compliance Issues, IR-2023-144

As part of ensuring high income taxpayers pay what they owe, the IRS warned businesses and tax professionals to be alert to […]

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IRS Warns About ESOP Compliance Issues, IR-2023-144

Rates Used in Computing Special Use Value Issued, Rev. Rul. 2023-15

The 2023 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS. In the […]

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Rates Used in Computing Special Use Value Issued, Rev. Rul. 2023-15

IRS Reminds Educators About Expense Deductions in 2023, IR-2023-150

The IRS has reminded eligible educators that they will be able to deduct out of pocket classroom expenses upto $300 while filing their federal income tax returns next year. […]

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IRS Reminds Educators About Expense Deductions in 2023, IR-2023-150

Taxpayers Reminded of Identity Protection PINs' Importance, IR-2023-134

The IRS has reminded taxpayers about the IRS Identity Protection PIN opt in program to help protect people against tax-related identity theft. “The Identity Protection (IP) PIN is […]

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Taxpayers Reminded of Identity Protection PINs' Importance, IR-2023-134

Contractors Reminded of Expanded New Energy Efficient Homes Tax Credit, IR-2023-142

The IRS has reminded eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit […]

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Contractors Reminded of Expanded New Energy Efficient Homes Tax Credit, IR-2023-142

FL - Guidance provided on 2023 tax holiday for tools used by skilled trade workers

Guidance is provided regarding the Florida sales tax holiday on tools commonly used by skilled trade workers, which is held […]

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FL - Guidance provided on 2023 tax holiday for tools used by skilled trade workers

FL - Highlands County tourist development tax rate hike announced

The Florida tourist development tax rate in Highlands County is increased from 4% to 5% effective August 1, 2023. Combined […]

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FL - Highlands County tourist development tax rate hike announced

IRS Reminds Employers of New Electronic Filing Requirements for Forms W-2, W-2c

The IRS has reminded employers that the new lower threshold for required electronic filing of information returns applies to tax year 2023 Forms W-2, Wage and Tax Statement, because they […]

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IRS Reminds Employers of New Electronic Filing Requirements for Forms W-2, W-2c