FL - Interest rates for first half of 2025 announced
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreIn recognition of National Hurricane Preparedness Week and National Wildfire Awareness month, the IRS reminded taxpayers to have a year round complete emergency preparedness plan to protect personal financial and tax information during disasters. Taxpayers were advised to place important original documents in a waterproof container in a safe space. Additionally, taxpayers are advised to store copies of such important documents in a secure secondary location. Further, taxpayers can make lists of belongings by referring to Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property). Meanwhile, taxpayers who have lost some or all their records during a disaster should visit IRS’s reconstructing records webpage as a first step.
The IRS may postpone certain deadlines for taxpayers who reside in disaster affected areas. The IRS Disaster relief page provides details on the states and counties that have been issued such relief. Further, taxpayers who do not reside or have a business in a covered disaster area but suffered impact from a disaster should call 866-562-5227 to find out if they qualify for disaster tax relief and to discuss other available options. Finally, those impacted by a disaster can contact the IRS at 866-562-5227 to ask their tax-related questions or visit disaster assistance website.
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreThe sale, rental, and associated charges for the design, installation, removal, and storage of holiday decorations and lighting are subject […]
Read MoreThe IRS has provided a safe harbor under Code Sec. 213(d) for amounts paid for condoms. Because amounts paid for condoms are […]
Read MoreThe IRS has offered some tips to taxpayers about scammers using fake charities to exploit unsuspecting donors in the aftermath […]
Read MoreThe IRS has encouraged taxpayers to register for an Identity Protection Personal Identification Number (IP PIN) to strengthen their defenses against tax-related […]
Read MoreThe IRS has made significant progress on Employee Retention Credit (ERC) claims, with processing underway on about 400,000 claims, worth […]
Read MoreThe IRS has issued a warning to taxpayers to be cautious of unscrupulous promoters claiming to offer help in resolving […]
Read MoreThe IRS Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts […]
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