Category Archives: IRS News

IRS reminds taxpayers they have to report any income from criminal activity, like dealing drugs

Posted on January 2, 2022 by Admin

The IRS doesn’t want you to forget to include income from dealing illegal drugs or stolen property on your tax forms this year. “Income from illegal activities, such as money from dealing illegal drugs, must be included in your income … Continue reading →

Posted in IRS News | Leave a comment

IRS Pushes April 15th Tax Deadline to May 15th.

Posted on March 17, 2021 by Admin

IRS is planning to set back the Tax deadline by 1 month this year.

Posted in IRS News | Leave a comment

New IRS form available for self-employed individuals to claim COVID-19 sick and family leave tax credits under FFCRA

Posted on February 8, 2021 by Admin

WASHINGTON – The Internal Revenue Service announced today that a new form is available for eligible self-employed individuals to claim sick and family leave tax credits under the Families First Coronavirus Response Act (FFCRA). Eligible self-employed individuals will determine their … Continue reading →

Posted in IRS News | Tagged , , , , | Leave a comment

IRS launches new tool to help non-filers register for Economic Impact Payments

Posted on February 1, 2021 by Admin

IRS.gov feature helps people who normally don’t file get payments; second tool next week provides taxpayers with payment delivery date and provide direct deposit information WASHINGTON – To help millions of people, the Treasury Department and the Internal Revenue Service … Continue reading →

Posted in IRS News | Leave a comment

Tax Preparers Face Penalties on EITC Returns

Posted on February 1, 2021 by Admin

IRS to Penalize Preparers for Failure to Attach Form 8867 For tax year 2012, IRS is sending notice of penalty letters to nearly 800 preparers who received the warning Letter 4989 and continued to submit EITC claims without the Form … Continue reading →

Posted in IRS News | Leave a comment