Do you work for tips? Generally, income received as tips is taxable. This includes gratuities received directly from customers, added to credit cards, and received from tip-splitting agreements with other employees. Employees who receive...

Read more

Here’s a reminder that the IRS will soon end two services in an effort to protect taxpayers from identity theft. The tax agency announced it will stop its tax transcript faxing service on June...

Read more

The IRS is accepting renewal applications for Individual Taxpayer Identification Numbers (ITINs) that will expire by the end of the year. Affected taxpayers should submit renewal applications as soon as possible to avoid an...

Read more

The “Taxpayer First Act” passed by a voice vote on June 13. The bill includes provisions to improve customer service and enhance taxpayers’ rights. In addition, it contains provisions to protect personal data in...

Read more

To enhance security, the IRS will soon end some taxpayer services. Currently, taxpayers who need transcripts (summaries) of their filed tax returns can request them from the IRS. Third parties, such as lenders or...

Read more

Do you work multiple jobs or are you adding a summer job this year? The IRS suggests that you conduct a “paycheck checkup” to learn if you’re having the right amount of tax withheld...

Read more

On May 23, U.S. House lawmakers overwhelmingly approved a retirement bill, the “Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.” The vote was 417-3. The bill provides incentives for retirement security...

Read more

The Treasury Department’s Office of Tax Policy has published a research report of interest to families. “Tax Support for Families under Current Law” discusses major tax provisions that support typical families, the number of...

Read more

Tax-related identity theft is on the rise. That’s why the IRS says its call center professionals take great care to ensure they discuss personal information only with taxpayers (or authorized representatives). Read full article here.  

Read more