Tax Alerts

IRS Warns Taxpayers Against New Mailing Scam, IR-2023-123

The IRS has warned taxpayers against a new mailing scam trying to mislead them into believing they are owed a tax refund. The new scam can come in through email, text or mailing coming in a cardboard envelope from a delivery service including a letter with the IRS masthead and wording claiming that the notice is in relation to the taxpayer’s unclaimed refund. Taxpayers have been warned to look out for signs such as fake contact information of the IRS, seeking sensitive taxpayer information including detailed pictures of driver’s licenses, cellphone number, bank routing information, social security number and bank account type, a poorly worded message, including odd punctuation and a mixture of fonts as well as inaccuracies. The IRShas further reminded taxpayers that these sensitive personal information from taxpayers can be used by identity thieves to try to obtain a tax refund and other sensitive financial information while reassuring that the IRS never initiates contact with taxpayers by email, text or social media regarding a bill or tax refund.

In addition, the IRS and Security Summit partners reiterated the regular warning to taxpayers about common scams, including the annual IRS Dirty Dozen list. As an additional reminder, the IRS has alerted taxpayers to avoid clicking on unsolicited communication claiming to be the IRS as it may be surreptitiously load malware or it may also be a way for malicious hackers to load ransom-ware which may keep the legitimate user from accessing their system and files. Finally, scams should be reported by sending the email or a copy of the text/SMS as an attachment to phishing@irs.gov and should include the caller ID (email or phone number), date, time and time zone and the number that received the message. Taxpayers can also report scams to the Treasury Inspector General for Tax Administration or the Internet Crime Complaint Center. The Report Phishing and Online Scams page in the IRS website provides complete details. The Federal Communications Commission’s Smartphone security checker is a useful tool against mobile security threats.

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 […]

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FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers

FL - Storm Extensions Offered

The Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]

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FL - Storm Extensions Offered

FL - Credit for employing individuals with unique abilities discussed

Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]

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FL - Credit for employing individuals with unique abilities discussed

FL - Indexed tax rate on asphalt for 2024-2025 announced

Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]

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FL - Indexed tax rate on asphalt for 2024-2025 announced

Clean Hydrogen Credit Inflation Factors and Applicable Amounts for 2023 and 2024 Released, Notice 2024-45

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 […]

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Clean Hydrogen Credit Inflation Factors and Applicable Amounts for 2023 and 2024 Released, Notice 2024-45

Inflation Adjusted Credit Rate for Carbon Dioxide Sequestration Released, Notice 2024-39

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 […]

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Inflation Adjusted Credit Rate for Carbon Dioxide Sequestration Released, Notice 2024-39

IRS Tightens Scrutiny on Employee Retention Credit Claims, IR-2024-169

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 […]

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IRS Tightens Scrutiny on Employee Retention Credit Claims, IR-2024-169

Seniors Warned of Rising Impersonation Scams, IR-2024-164

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, […]

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Seniors Warned of Rising Impersonation Scams, IR-2024-164

United States-Russia Tax Treaty To Be Suspended, Announcement 2024-26

The United States has provided formal notice to the Russian Federation on June 17, 2024, to confirm the suspension of the operation […]

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United States-Russia Tax Treaty To Be Suspended, Announcement 2024-26

IRS Highlights Home Energy Credits for Taxpayers, IR-2024-137

The IRS has advised taxpayers that making specific energy-efficient updates to their homes could qualify them for home energy credits. This guidance comes under the expanded provisions of […]

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IRS Highlights Home Energy Credits for Taxpayers, IR-2024-137