This article was published by the IRS. The IRS’s second Employee Retention Credit Voluntary Disclosure Program is open and runs through Nov. 22, 2024. This ERC VDP helps businesses repay credits they received after filing ERC claims in error. The program allows businesses to correct improper payments at a 15% discount and avoid potential compliance action [...]
Looking to settle for less with the IRS? Have a tax bill you can't pay? You may see ads from companies promising you they can settle your tax debt for less. While it is true that an offer in compromise (OIC) allows you to settle your tax debt for less than the full amount you owe, [...]
This Veteran's Day, we wanted to be sure you knew that if you're in the military, you have free filing options available to you. When it's time to file your taxes, check out these resources: First, there's the Department of Defense's MilTax. It's free and there are no income limits. MilTax includes tax preparation and electronic [...]
This article was published by the IRS. The home office deduction allows qualified taxpayers to deduct certain home expenses when they file taxes. To claim the home office deduction on their tax return, taxpayers generally must exclusively and regularly use part of their home or a separate structure on their property as their primary place of [...]
Remember, gift cards are for gifts, not for making tax payments. Many people give gift cards as a convenient gift for any occasion. Scammers use gift cards to steal your money. Here's how this usually works: The scammer may call you, impersonating an IRS agent, or contact you by text, email, or social media. The criminal [...]
