The IRS announced on April 9 in Notice 2020-23 that the following deadlines were extended to July 15:
For more information see IRS News Release IR-2020-66
The IRS its Security Summit partners are focused on helping tax professionals stay vigilant against new and ongoing threats of tax-related identity theft. This year’s Security Summit summer campaign for tax professionals highlights a series of simple actions they can take to better protect both their clients and themselves from the theft of sensitive data.
Taxpayers who purchase a new electric or fuel cell vehicle between 2023 and 2032 may be eligible for a nonrefundable New Clean Vehicle Credit of
The IRS has identified several new and evolving scams targeting both taxpayers and tax preparers. Here is the latest on new and/or evolving schemes aimed at tax professionals, designed to take over their computer systems or obtain their professional information.
The IRS has released its annual Dirty Dozen list of tax scams for 2024. This list serves as a warning to taxpayers and tax preparers about various schemes, abusive tax transactions, and tax avoidance strategies. It aims to raise awareness and prevent individuals from falling victim to fraudulent practices. Below are some of the most relevant scams highlighted by the IRS this year:
This article provides insight into the deadlines for resubmitting e-filed tax returns that were rejected on April 15 for individual (1040), corporate (1120), and fiduciary (1041) returns.
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