by Taxing Subjects | Apr 20, 2023 | Tax Tips and News
After severe thunderstorms and tornadoes raked parts of Tennessee on March 31, many of Volunteer State taxpayers could use a little good news. The Internal Revenue Service is doing its part, announcing tax relief for storm victims. The agency announced that taxpayers...
by Taxing Subjects | Apr 11, 2023 | Tax Tips and News
The Internal Revenue Service has released its annual Dirty Dozen list of the top scams and schemes posing threats to taxpayers and tax pros, and this year sees some new schemes among the known scams from previous lists. While not ranked by importance or enforcement...
by Taxing Subjects | Apr 5, 2023 | Tax Tips and News
The Inflation Reduction Act of 2022 (IRA) updated the Clean Vehicle Credit to make US-manufactured electric and fuel cell vehicles more attractive to American car buyers. Since provisions in the legislation changed several qualifying requirements that take effect in...
by Taxing Subjects | Mar 27, 2023 | Tax Tips and News
The IRS recently published a tax tip explaining Form 1099-K, covering why taxpayers receive it, how to address incorrect forms, and recent updates to reporting rules. This update comes almost three weeks after reports emerged that some taxpayers received incorrect...
by Taxing Subjects | Mar 25, 2023 | Tax Tips and News
Identity theft usually takes center stage during most tax-scam discussions. After all, so much of our personal and professional lives take place online in emails, texts, and direct messages—all of which are ripe targets for phishing attacks. However, not all identity...
