Category: IRS Tips

IRS Tips
Tax Time Guide: IRS publication helps small businesses, self-employed understand what’s new for taxes

IRS YouTube Videos: Qualified Business Income Deduction – English  WASHINGTON — The Internal Revenue Service wants business owners and the self-employed to know that a publication on IRS.gov has information they can use to learn which recent tax-law changes impact their bottom line. This news release is part of a series called the Tax Time […]

IRS Tips
Job opportunities at the IRS, Tax Exempt & Government Entities

The IRS Tax Exempt & Government Entities Division (TE/GE) still has a wide range of job opportunities available. Apply today to become part of our team and help us oversee a vital part of the nation’s tax system. Are you a recent graduate with qualifying accounting credits? If yes, apply today to become a Revenue […]

IRS Tips
Schemes involving falsifying income, creating bogus documents make IRS’ ‘Dirty Dozen’ list for 2019

WASHINGTON — The Internal Revenue Service today warned taxpayers to avoid schemes involving falsifying income, including the creation of bogus Forms 1099. Con artists commonly use this trick as well as related scams designed to get taxpayers to erroneously claim tax credits they aren’t entitled to. The warning about falsified income came as part of […]

IRS Tips
IRS’ 2019 ‘Dirty Dozen’ tax scams list highlights inflating deductions, credits

WASHINGTON — The Internal Revenue Service today warned taxpayers to avoid falsely inflating deductions or credits on tax returns as part of its 2019 list of the “Dirty Dozen” tax scams. Taxpayers should watch for areas frequently targeted by unscrupulous tax preparers include overstating deductions such as charitable contributions, medical expenses, padding business expenses or […]

IRS Tips
Tax Preparers can protect their clients by hiring a cybersecurity pro

To protect their offices and clients, many tax preparers hire a cybersecurity professional. Every tax business is unique, so preparers should discuss their specific concerns with someone they hire. This will help safeguard both the preparer’s business and their clients’ data. Here are some things preparers should do when selecting a cybersecurity professional: Ask for […]

IRS Tips
Filing season tips for employers and employees

Read and be aware of the IRS-identified Dirty Dozen tax schemes Identity theft remains at the top of the IRS’s Dirty Dozen tax scheme list for 2019. Despite a steep drop in tax-related ID theft in recent years, the IRS last week warned taxpayers that the scam remains serious enough to earn a spot on […]

IRS Tips
Tax Time Guide: IRS urges taxpayers to check their tax withholding early in 2019; Paycheck Checkup can avoid problems next year

WASHINGTON – The Internal Revenue Service today renewed its effort to encourage taxpayers to review their tax withholding using the IRS Withholding Calculator and make any needed adjustments early in 2019. Doing a Paycheck Checkup can help taxpayers avoid having too little or too much tax withheld from their paychecks. The IRS reminds taxpayers that […]

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