IRS Recommends Tools To Prevent And Report Tax Refund Fraud
Tax Notes contributing editor Carrie Brandon Elliot provides an overview of federal resources available to help taxpayers fight identity theft and tax refund fraud scams. – Forbes – Taxes
Tax Notes contributing editor Carrie Brandon Elliot provides an overview of federal resources available to help taxpayers fight identity theft and tax refund fraud scams. – Forbes – Taxes
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. What should business owners do? – Forbes – Taxes
Under the new withdrawal option, certain employers that have filed an ERC claim but have not received a refund can withdraw their submission and avoid future problems. – Forbes – Taxes
Understanding the current state, clarifying decision-making roles, and managing scope changes are key steps to improve the odds of project success. – Forbes – Taxes
Tax Notes reporter Elodie Lamer discusses the Business for Europe: Framework for Income Taxation (BEFIT) initiative, the European Commission’s latest plan to harmonize and streamline certain aspects of corporate taxation. – Forbes – Taxes
The IRS has confirmed that it will launch a pilot program for a free direct online tax filing service for the 2024 filing season, limited to taxpayers in some states. – Forbes – Taxes
Tax revenues from sports betting are up, but the New York State Gaming Commission also noted a 26% increase in problem gambling-related calls. – Forbes – Taxes
Tax season can be a stressful time for many individuals, especially high-income taxpayers. – Forbes – Taxes
The IRS and State of California have both given Californians an extra month—until Nov 16, 2023—to to file and pay their taxes. The unusual move was announced October 16. – Forbes – Taxes
The California Franchise Tax Board confirmed that most Californians have until Nov. 16, 2023, to file and pay their 2022 state taxes to avoid penalties. – Forbes – Taxes
The IRS is giving more time to California taxpayers to file—in the wake of last winter’s natural disasters, the normal due dates had previously been postponed to Oct. 16. – Forbes – Taxes
IRS postponed tax deadlines for most California taxpayers by another 30 days, from October 16, 2023 to Nov. 16, 2023 based on the year’s winter storms. – Forbes – Taxes