Tag Archive for: irs communication

Important IRS Update To The $7,500 EV Tax Credit Deadline

This adjustment will significantly ease pressure on buyers, manufacturers, and dealers by allowing more time for vehicle deliveries.

IRS Issues New Warning For Taxpayers To Avoid Losing Money, Personal Data

In a just-released statement, the IRS emphasized that scammers operate not only during tax season but year-round. These bad actors often impersonate the IRS and use fear tactics or misinformation to pressure people into revealing personal, financial, or employment details.

How To Claim The Earned Income Tax Credit (EITC) In 2025: A Step-By-Step Guide

According to the IRS, about one in five eligible taxpayers fail to claim this valuable credit. So for the 19th year in a row, the EITC is launching its "Awareness Day" campaign to help provide financial relief to families facing economic challenges.

IRS Warns On Social Media Tax Credit Scam

In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.

IRS Offers Way Out For Businesses Worried About Employee Retention Credit Audits

The IRS announced Oct. 19 that it has officially created a special withdrawal process for businesses that have submitted an ERC application but have yet to receive any money. The goal is to offer small-business owners a way out if they now feel they had been tricked or pressured into filing a misleading or ineligible claim.

The IRS May Charge a Penalty If You Fall Into One Of These Seven Categories

The best way to avoid IRS penalties is to know what gets penalized. Steer clear of these seven issues -- and the penalties that go with them. CLICK ON THE HEADLINE FOR MORE