The IRS and its Security Summit partners recently kicked off their annual summer campaign. This year’s theme, Boost Security Immunity: Fight Against Identity Theft, urges tax pros to step up their efforts to protect client data. An IP PIN is a valuable tool that...
Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return, but early planning can help make filing their 2021 tax return easier. Taxpayers should be prepared to claim tax credits and...
Tax transcripts are used for a variety of things, like applying for a mortgage or a student loan. Taxpayers order a tax transcript on IRS.gov. They can also learn about the different types of transcripts available from the IRS. Order a tax transcript Taxpayers can...
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2021. The rates will be: 3% for overpayments (two (2) % in the case of a corporation), 0.5% for the portion of a corporate overpayment...
The IRS, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan. The most recent two weeks of the effort brings the total payments...
The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without penalty. Estimated tax is the method used to pay tax on income that isn’t subject to...
