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.

FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period

Consistent with the Hurricane Helene penalty relief announced by the Internal Revenue Service (IRS), the Florida Department of Revenue is […]

Read More
FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period

FL - Guidance provided on change in application process for child care tax credit

Beginning October 1, 2024, taxpayers that wish to participate in the child care tax credit program must apply to the […]

Read More
FL - Guidance provided on change in application process for child care tax credit

IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2024-35

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

Read More
IRS Updates Premium Tax Credit Table, Required Contribution Percentage, Rev. Proc. 2024-35

Changes Under SECURE 2.0 Act to Affect Amounts Report by Businesses on Forms W-2, FS-2024-29

The IRS has reminded businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the […]

Read More
Changes Under SECURE 2.0 Act to Affect Amounts Report by Businesses on Forms W-2, FS-2024-29

IRS Urges Tax Professionals to Strengthen Security Measures Against Rising Threats, IR-2024-224

The IRS and the Security Summit concluded their eight-week summer awareness campaign by urging tax professionals to implement stronger security […]

Read More
IRS Urges Tax Professionals to Strengthen Security Measures Against Rising Threats, IR-2024-224

IRS Reminds Employers to Use Educational Assistance Programs for Student Loan Payments Until 2025, IR-2024-227

The IRS has reminded employers that educational assistance programs can be used to help employees pay off student loans until […]

Read More
IRS Reminds Employers to Use Educational Assistance Programs for Student Loan Payments Until 2025, IR-2024-227

IRS Urges Taxpayers to Perform End-of-Summer Tax Checkup, IR-2024-225

The IRS has urged taxpayers to conduct an end-of-summer tax checkup to avoid unexpected tax bills in the upcoming year. […]

Read More
IRS Urges Taxpayers to Perform End-of-Summer Tax Checkup, IR-2024-225

FL - Hillsborough County sales surtax refund announced

Hillsborough County residents and non-residents who can verify taxable expenditures with receipts or other documentation will receive compensation equal to […]

Read More
FL - Hillsborough County sales surtax refund announced

IRS Highlights New Business Tax Account Features, FS-2024-27

The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]

Read More
IRS Highlights New Business Tax Account Features, FS-2024-27

Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217

The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish […]

Read More
Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217