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 […]
Read MoreThe IRS reminded taxpayers to beware of IRS impersonation scams and protect their personal and financial information. These schemes can involve text message scams, phone scams, and e-mail schemes. The IRS also warned taxpayers against unemployment fraud. Several steps were taken to protect taxpayers from these scams. Other than IRS Secure Access, the Service does not use text messages to discuss personal tax issues. The IRS will not send taxpayer messages via social media platforms.
Further, the IRS warned workers against claims of unemployment or other benefit payments for which they never applied. States have experienced a rise in fraudulent unemployment claims filed using stolen identities. States issue Form 1099-G, Certain Government Payments, to recipients and to the IRS to report the amount of taxable compensation received and any withholding. Workers receive a fraudulent Form 1099-G should report the fraud to state agencies. Details on how to report fraud to state workforce agencies can be found on the U.S. Department of Labor’s website. The IRS also listed the situations in which individuals may be victims of unemployment identity theft.
The IRS informed taxpayers that the agency does not initiate contact with them by email to request personal or financial information. The IRS initiates most contacts through regular mail delivered by the U.S. Postal service. Taxpayers can report fraudulent emails related to the IRS by sending them as an attachment to phishing@irs.gov. More details are available on the IRS website.
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
Read MoreThe Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]
Read MoreFlorida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read MoreFlorida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
Read MoreThe 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 […]
Read MoreThe 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, […]
Read MoreThe 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 […]
Read MoreThe 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 […]
Read More