Timing is everything, especially with tax filing deadlines. Taxpayers who have active cases with the U.S. Tax Court may be able to use the IRS e-filing system known as DAWSON to quickly upload documents....

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Have you recently won playing the lottery or slot machines? Or perhaps that horse you bet on finally came in first place? If so, congrats! Now, don’t forget that Uncle Sam generally requires a...

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The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain eligible if they meet...

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U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel met recently to discuss the tax agency’s Strategic Operating Plan (SOP). With nearly $60 billion of new funding over 10 years, Yellen said modernization...

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Before long, students will be heading off to college or trade school. Higher education is expensive, but taxpayers who take post-high school coursework in 2023 (or who have dependents taking such courses) may qualify...

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Tax season may be long over, but tax scams are thriving. The IRS is warning taxpayers about emails and text messages that promise refunds and credits, but that actually result in identity theft. Many...

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IRS Commissioner Danny Werfel recently said that the IRS is shifting its efforts after successfully clearing the backlog of valid Employee Retention Credit (ERC) claims. The agency will now focus its efforts on...

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Taxpayers may want to reduce their taxable estates by making completed gifts during their lifetimes. To be complete, a donor must intend to make the gift and it must be irrevocable (that is, the...

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The Employee Retention Credit (ERC) was introduced during the COVID-19 pandemic in 2020 to help affected businesses keep employees on payroll through a refundable tax credit for eligible employers. There has been significant guidance...

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Employers and businesses that must obtain taxpayer identification numbers (TINs): The IRS just updated some relevant information. Publication 1586, “Reasonable Cause Regulations & Requirements for Missing and Incorrect Name/TINs on Information Returns” has several...

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