Tag Archive for: irs communication
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
Three Scams To Watch Out For This Tax Season
Tax-related identity theft is primarily aimed at grabbing your tax refund, and scammers are creative, sophisticated, persistent, and move very quickly once your information is at hand. CLICK ON THE HEADLINE FOR SOME THINGS TO BEAR IN MIND WITH TAX SEASON UPON US