Tax Alerts

IRS Reminds Taxpayers of Steps to Take in Identity Theft Cases, FS-2022-25

The IRS reminded identity theft victims of important steps they should take to protect themselves from tax fraud. By requesting Identity Protection (IP) PINs from the Get an IP PIN tool, taxpayers can prevent thieves from claiming tax refunds in their names. An IP PIN helps prevent the misuse of their Social Security number or Individual Taxpayer Identification Number (ITIN) on federal income tax returns. The IRS may automatically assign an IP PIN if it determines the taxpayer is a victim of tax-related identity theft.

Further, the IRS informed taxpayers how to handle tax-related identity theft. In most tax-related identity theft cases, the IRS identifies a suspicious tax return and pulls it for review. The IRS then sends a letter to the taxpayer and won’t process the tax return until the taxpayer responds. The IRS identified three types of letter it may send to taxpayer to verify their identity. If the taxpayer receives any of these letters, they don’t need to file a Form 14039, Identity Theft Affidavit. Instead, they should follow the instructions in the letter.

Additionally, the IRS explained that taxpayers may need to submit a Form 14039 if they suspect tax-related identity theft and have not heard from the IRS. The IRS provided a list of possible tax-related identity theft situations. Lastly, the IRS informed taxpayers that they do not need to report incidents of non-tax-related identity theft to the IRS but should take steps to protect themselves against the type of identity theft they have experienced. The IRS provided a list of potential evidence of non-tax-related identity theft. Victims of non-tax-related identity theft do not need to file Form 14039.

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

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IRS Issues Directions to Employees for Video Meetings with Taxpayers

The IRS has issued directions for its taxpayer facing employees to hold video meetings with taxpayers and their representatives. Going […]

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IRS Security Summit Warns Tax Professionals Against Identity Theft, IR-2022-135

The IRS, state tax agencies and the tax industry have warned tax professionals of new and ongoing threats involving their […]

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IRS Security Summit Warns Tax Professionals Against Identity Theft, IR-2022-135