Tax Alerts

IRS Urges Individuals to File and Take Advantage of Key Tax Benefits

The IRS has urged individuals to file a 2021 income tax return and take advantage of key tax benefits. Individuals and families can often get these expanded tax benefits even if they have little to no income. Claiming these benefits could result in tax refunds for many individuals. Individuals should file an accurate return electronically and choose direct deposit to avoid processing delays. The IRS has described many of these expanded benefits in a new fact sheet. The IRS emphasized that these benefits are only available to individuals who file a 2021 federal income tax return. The IRS also provided a list of benefits available to taxpayers. More information is available in the fact sheet. Further, the IRS reminded early filers that by law, the agency cannot issue Earned Income Tax Credit (EITC) and Additional Child Tax Credit refunds before mid-February. Normally, this restriction does not apply to the refundable Child Tax Credit claimed by individuals who had a main home in the US, unless they also claim the EITC.

Additionally, the IRS reminded taxpayers to make sure they have all their year-end statements in hand before filing their 2021 returns. This includes Letter 6419, showing their total advance Child Tax Credit payments, and Letter 6475, showing the total amounts of their third round of Economic Impact Payments. Individuals can also find this information in their IRS Online Account. Married spouses who received joint payments will each need to sign into their own account to retrieve their separate amounts. For most taxpayers, the tax-filing deadline is April 18, 2022. For residents of Maine and Massachusetts, the deadline is April 19, 2022. For U.S. nationals who live and work abroad, it is June 15, 2022. Taxpayers who need more time can get an automatic extension until October 17, 2022.

Energy Credit Online Tool Now Available to Sellers, IR-2023-202

The IRS has announced that enrollment to the IRS Energy Credit Online tool is now open to the sellers of clean vehicles. The Energy Credits tool is available free of cost and will […]

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Energy Credit Online Tool Now Available to Sellers, IR-2023-202

IRS Offers Cybersecurity Tips, IR-2023-200

The IRS and Security Summit partners reminded taxpayers to remain vigilant against potential cybersecurity threats. As the National Cybersecurity Awareness Month is […]

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IRS Offers Cybersecurity Tips, IR-2023-200

IRS Cautions Against Charity Scams Amid Global Crisis, IR-2023-196

The IRS has issued a warning to taxpayers, advising them to be cautious of fraudulent solicitors who pretend to represent genuine charities. These […]

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IRS Cautions Against Charity Scams Amid Global Crisis, IR-2023-196

IRS Urges Taxpayers to Review Withholding, IR-2023-205

The IRS has urged taxpayers to promptly review their tax withholding to avoid surprises, whether in the form of significant refunds or balances due when filing taxes next […]

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IRS Urges Taxpayers to Review Withholding, IR-2023-205

Low and Moderate Income Taxpayers Can Save More through Saver’s Credit in 2024, IR-2023-222

The IRS has reminded low and moderate income taxpayers that they can save more for their retirement now through Saver’s Credit. This credit is available to taxpayers who are 18 years […]

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Low and Moderate Income Taxpayers Can Save More through Saver’s Credit in 2024, IR-2023-222

IRS Reminds IRA Owners of Tax-Free Charitable Transfer Option, IR-2023-215

The IRS has reminded individual retirement arrangement (IRA) owners, aged 70½ or older, of tax-free charitable transfers permitting senior citizens to contribute up to $100,000 annually to eligible charities […]

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IRS Reminds IRA Owners of Tax-Free Charitable Transfer Option, IR-2023-215

FL - Change in Collier County local communications services tax rates announced

Effective January 1, 2024, the Florida local communications services tax (CST) rates in Collier County are as follows: 2.1% in […]

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FL - Change in Collier County local communications services tax rates announced

FL - Guidance on credit for human milk fortifier manufacturing equipment issued

Florida issued guidance regarding a corporate income tax credit for manufacturing equipment purchased for the production of human breast milk […]

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FL - Guidance on credit for human milk fortifier manufacturing equipment issued

FL - Guidance on internship tax credit program issued

Florida issued guidance regarding the student internship credit program for corporate income taxpayers. The program has been renamed as the […]

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FL - Guidance on internship tax credit program issued

IRS Introduces Expanded Chatbot Technology to Assist Taxpayers with Underreporting Notices, IR-2023-78

The Service has introduced an expanded chatbot to promptly address inquiries of taxpayers receiving notices about possible underreporting of taxes. The new chatbot feature will assist taxpayers receiving CP2000 , CP2501 and CP3219A notices. This tech […]

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IRS Introduces Expanded Chatbot Technology to Assist Taxpayers with Underreporting Notices, IR-2023-78