The Internal Revenue Service today reminded taxpayers to choose a tax return preparer with care. Even though most tax return preparers provide honest, quality service, some may cause harm through fraud, identity theft and other scams. When hiring an individual or firm to prepare a tax return, filers need to understand who they’re choosing and…
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Top things all taxpayers need to remember when filing their 2021 tax return
Now that the filing season has begun, there are several key items all taxpayers should keep in mind when filing their federal income tax returns this year. Here’s a checklist to help file an accurate tax return, avoid processing delays and speed up refund delivery. Use online resources before calling the IRS. The IRS urges…
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IRS and Treasury issue final regulations on e-file for businesses
The Department of the Treasury and the Internal Revenue Service today issued final regulations amending the rules for filing returns and other documents electronically (e-file). These regulations will require certain filers to e-file beginning in 2024. T.D. 9972 affects filers of partnership returns, corporate income tax returns, unrelated business income tax returns, withholding tax returns,…
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Tax Time Guide: Things to consider when filing a 2022 tax return
With the 2023 tax filing season in full swing, the Internal Revenue Service reminds taxpayers to gather their necessary information and visit IRS.gov for updated resources and tools to help with their 2022 tax return. This news release is part of a series called the Tax Time Guide, a resource to help taxpayers file an…
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Tax pros can use their IRS Tax Pro Account to simplify authorization requests
Tax Pro Account lets tax professionals submit an authorization request to a taxpayer’s IRS Online Account. This includes both power of attorney and tax information authorization requests. The taxpayers can then review, approve and sign the request electronically. Using Tax Pro Account for authorizations: To start an authorization in Tax Pro Account, tax professionals must enter…
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IRS warns taxpayers of new filing season scams involving Form W-2 wages; those filing fake returns face potential penalties, investigation
The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund. One scheme, which is circulating on social media, encourages people to use tax software to manually fill out…
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