FL - Gas and Sulfur production tax rates for 2024-2025 announced
Florida has issued the severance tax rates for the production of gas and sulfur effective July 1, 2024, through June […]
Read MoreAs the National Tax Security Awareness Week concludes, the IRS emphasized on the ongoing need for taxpayers and tax professionals to stay vigilant against evolving scams throughout the filing season and beyond. Amidst ever-changing tactics employed by identity thieves via email, text, phone, or mail, taxpayers were urged to remain cautious, especially regarding deceptive communications posing as legitimate entities in the tax and financial sector.
Taxpayers need to be vigilant for various red flags that may signal identity theft or a tax scam. Some key indicators include:
Further, if taxpayers suspect they are victims of tax-related identity theft and have not received an IRS alert letter, they should promptly submit Form 14039, Identity Theft Affidavit. Additionally,an IP PIN offers an extra layer of security and can be obtained by visiting the IRS online tool Get an IP PIN. Creating an IRS Online Account ahead of potential scams prevents fraudsters from using stolen personal information to establish an account, ensuring that scammers cannot create a fraudulent account for the same individual.
Florida has issued the severance tax rates for the production of gas and sulfur effective July 1, 2024, through June […]
Read MoreOther than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution […]
Read MoreThe IRS released statistics that showed 1,644 tax and money-laundering cases related to COVID fraud, totaling $9 billion investigated by the Criminal Investigation (CI). CI is the law enforcement […]
Read MoreThe IRS updated frequently asked questions (FAQ) on New, Previously Owned and Qualified Commercial Clean Vehicle Credits. These FAQs provide guidance on how the Inflation Reduction […]
Read MoreKPMG TaxNewsFlash – United States March 20, 2024 The IRS today released Notice 2024-31 [PDF 156 KB] providing the adjustments to the limitation on housing expenses, under […]
Read MoreThe IRS has issued an announcement that addresses the federal income tax treatment of amounts paid for the purchase of energy efficient property and improvements. Taxpayers who […]
Read MoreReflecting on the 2024 tax filing season, the IRS released major filing numbers for the season. The agency highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during […]
Read MoreThe IRS has wrapped up the 2024 Dirty Dozen campaign, with a warning to taxpayers to beware of promoters selling bogus tax avoidance strategies. Promoters have been peddling elaborate bogus schemes to […]
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