FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
Read More
The IRS has expanded voice bot options to help eligible taxpayers easily verify their identity to set up or modify a payment plan while reducing wait times. The IRS has been using voice bots on many toll-free lines since January, enabling taxpayers with simple payment or notice questions to get help they need quickly.
Eligible taxpayers who call the Automated Collection System (ACS) and Accounts Management toll-free lines and want to discuss payment plan options can authenticate or verify their identities through a personal identification number (PIN) creation process. To set up a PIN, taxpayers will need their most recent IRS bill and some basic personal information. Additional voice bot service enhancements are planned in 2022 that will allow taxpayers with established or newly created PINs to get account and return transcripts, payment history, and current balance owed. Voice bots also help people who call the Economic Impact Payment (EIP) toll-free line with general procedural responses to frequently asked questions. The IRS added voice bots for the Advance Child Tax Credit toll-free line in February to provide similar assistance to callers.
“This is part of a wider effort at the IRS to help improve the experience of taxpayers,” said IRS Commissioner Chuck Rettig. “We continue to look for ways to better assist taxpayers, and that includes helping people avoid waiting on hold or having to make a second phone call to get what they need. The expanded voice bots are another example of how technology can help the IRS provide better service to taxpayers,” he added.
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
Read More
The Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]
Read More
Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read More
Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read More
The IRS has announced plans to deny tens of thousands of high-risk Employee Retention Credit (ERC) claims while beginning to process lower-risk claims. The agency’s review has […]
Read More
The IRS has issued a warning about the increasing threat of impersonation scams targeting seniors. These scams involve fraudsters posing as government officials, including IRS agents, […]
Read More
The IRS released the inflation adjustment factors and the resulting applicable amounts for the clean hydrogen production credit for 2023 and 2024. For 2023, the inflation adjustment factor is one, so the inflation adjusted applicable amounts are the same as those in Code Sec. 45V(b). Thus, the applicable amounts for a […]
Read More
The IRS has released the inflation adjustment factor for the credit for carbn dioxide (CO2) sequestration under Code Sec. 45Q for 2024. The inflation adjustment factor is 1.3877, and the credit is $27.75 per metric ton […]
Read More
