Options for Taxpayers Who Need Help Paying a Tax Bill

This article was published by the IRS. Taxpayers who can't pay their tax bill by the April 17, 2024 deadline shouldn't panic – the IRS is here to help. There are several options to help taxpayers meet their obligations. It's important for taxpayers to file their tax return or request an extension of time to file [...]

IRS webinar: Employee Retention Credit – Voluntary Disclosure Program

This IRS webinar covers the advantages of the Employee Retention Credit - Voluntary Disclosure Program, including who is eligible to participate in the program and how to apply. In summary, the new disclosure program, which has been in the works for several months, is part of a larger effort at the IRS to stop aggressive marketing [...]

From Markers to Face Masks, Classroom Supplies May Be Tax Deductible

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 [...]

Earned Income Tax Credit

Millions of workers qualify for the Earned Income Tax Credit for the first time due to changes like the birth of a child. Visit IRS.gov/eitc for more details.

New Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate

This article was published by the IRS. As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service has launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. The new disclosure program, which [...]

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