If you're having second thoughts about your Employee Retention Credit, you may be able to fully withdraw your claim if the IRS hasn't paid it, or if you've received a check but haven't cashed or deposited it. For more information, visit IRS.gov/withdrawmyERC.
This article was published by the IRS. Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, or for gifts. It's important to know that money raised through crowdfunding may be taxable. Some money raised through crowdfunding may be considered a gift. Under federal tax law, [...]
This article was published by the IRS. With millions of tax refunds going out each week, the Internal Revenue Service reminded taxpayers today that recent improvements to Where's My Refund? on IRS.gov provide more information and remains the best way to check the status of a refund. The Where’s My Refund? tool provides taxpayers with three [...]
The IRS and our Security Summit partners are here to tell you in as many ways as we can: protect your identities and data online. Avoid email scams posing as your bank, credit card company, or even the IRS, asking you for personal information or passwords. Watch out for phone calls claiming to be from the [...]
This article was published by the IRS. Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. They can only claim this deduction for expenses that [...]
