This article was published by the IRS. The Internal Revenue Service has announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final 6 months [...]
The IRS began using English and Spanish voice bots on some of its toll-free help lines in January 2022. Since then, IRS is continuing to add voice bots to additional toll-free lines while also expanding what these voice bots can do to help taxpayers. The newest feature available for those who are eligible is to use [...]
This article was published by the IRS. Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new business. Here are [...]
This article was published by the IRS. In April, the IRS sent CP2100 and CP2100A notices to banks, credit unions, businesses, or payers who filed returns that don't match IRS records. These information returns include: Form 1099-B, Proceeds from Broker and Barter Exchange Transactions Form 1099-DIV, Dividends and Distributions Form 1099-G, Certain Government Payments Form 1099-INT, [...]
The IRS Independent Office of Appeals is a separate organization within the IRS. Did you know that you have the right to dispute most IRS decisions like penalties, liens, or increases in how much you owe? In most cases, you can request an appeal if you disagree with an IRS decision. The Appeals office will hear [...]
