Identity thieves and fraudsters are working overtime, trying to use COVID-19 or any other current issue to scam you. To help you combat identity theft, the IRS is encouraging people to get an Identity Protection PIN. This secret, voluntary pin is known only to you and the IRS. See if it's right for you at IRS.gov/IPPIN. [...]
This article was published by the IRS. Knowledge is a taxpayer's first line of defense against scammers who pretend to be from the IRS with the goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers: The IRS doesn't normally initiate contact with taxpayers by email. Do not reply to [...]
IRS Online Account for Individuals is a tool that makes it easier for you to manage your personal federal taxes. Save time by going online instead of calling and waiting on the phone. To get started, go to IRS.gov/account. Once there, click "Sign in to your online account." From there, you can access ID.me, which helps [...]
This article was published by the IRS. In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA [...]
If you're a long-time business owner, or just thinking about starting a new venture and working for yourself, you should know about the IRS Small Business & Self-Employed Tax Center. This online tool is your one-stop resource to help you learn about the tax issues involved in owning your own business. To access the site, visit [...]
