If you open your mailbox and find a letter from the IRS, there’s no need to panic. The letter might inform you of a tax balance due, or it might change the amount of...

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Are you thinking about applying your tax refund toward the purchase of a plug-in electric car or truck? Fortunately, a tax credit is available for qualified vehicles. The base amount of the credit is...

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In a blog post, the National Taxpayer Advocate (NTA) reminds taxpayers that the IRS now holds that the date a taxpayer files an original tax return, not the later date of any superseding return,...

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The IRS will begin sending advance monthly Child Tax Credit (CTC) checks starting on July 1, according to testimony to Congress by the IRS Commissioner. The American Rescue Plan Act (ARPA) expanded the CTC...

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Are you exploring whether alternative energy technologies can help you manage the cost of energy use in your business? If so, you should be aware of a federal income tax benefit: the business energy...

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A key tax deadline is here. The IRS has extended many tax due dates to May 17, 2021, but some April 15 deadlines remain. This includes the filing of a “Report of Foreign Bank...

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The IRS’s Get My Payment tool provides taxpayers with information about the status of their 2021 Economic Impact Payments. So, what information can you expect to receive when using the tool? Among other things,...

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The IRS has updated its FAQs on higher education emergency grants to address questions related to the CARES Act. Enacted in 2020, it allows institutions of higher education to use certain funds to support...

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