Tax Alerts

IRS Urges Individuals to File and Take Advantage of Key Tax Benefits

The IRS has urged individuals to file a 2021 income tax return and take advantage of key tax benefits. Individuals and families can often get these expanded tax benefits even if they have little to no income. Claiming these benefits could result in tax refunds for many individuals. Individuals should file an accurate return electronically and choose direct deposit to avoid processing delays. The IRS has described many of these expanded benefits in a new fact sheet. The IRS emphasized that these benefits are only available to individuals who file a 2021 federal income tax return. The IRS also provided a list of benefits available to taxpayers. More information is available in the fact sheet. Further, the IRS reminded early filers that by law, the agency cannot issue Earned Income Tax Credit (EITC) and Additional Child Tax Credit refunds before mid-February. Normally, this restriction does not apply to the refundable Child Tax Credit claimed by individuals who had a main home in the US, unless they also claim the EITC.

Additionally, the IRS reminded taxpayers to make sure they have all their year-end statements in hand before filing their 2021 returns. This includes Letter 6419, showing their total advance Child Tax Credit payments, and Letter 6475, showing the total amounts of their third round of Economic Impact Payments. Individuals can also find this information in their IRS Online Account. Married spouses who received joint payments will each need to sign into their own account to retrieve their separate amounts. For most taxpayers, the tax-filing deadline is April 18, 2022. For residents of Maine and Massachusetts, the deadline is April 19, 2022. For U.S. nationals who live and work abroad, it is June 15, 2022. Taxpayers who need more time can get an automatic extension until October 17, 2022.

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 […]

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FL - Interest rates for first half of 2025 announced

FL - Guidance provided on taxability of holiday decorations and lighting

The sale, rental, and associated charges for the design, installation, removal, and storage of holiday decorations and lighting are subject […]

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FL - Guidance provided on taxability of holiday decorations and lighting

IRS Warns of Charity Scams Following Hurricanes Milton and Helene, IR-2024-269

The IRS has offered some tips to taxpayers about scammers using fake charities to exploit unsuspecting donors in the aftermath […]

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IRS Warns of Charity Scams Following Hurricanes Milton and Helene, IR-2024-269

IRS Provides Safe Harbor for Amounts Paid for Condoms, Notice 2024-71

The IRS has provided a safe harbor under Code Sec. 213(d) for amounts paid for condoms. Because amounts paid for condoms are […]

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IRS Provides Safe Harbor for Amounts Paid for Condoms, Notice 2024-71

IRS Urges Taxpayers to Enroll for IP PIN Ahead of 2025 Filing Season, IR-2024-278

The IRS has encouraged taxpayers to register for an Identity Protection Personal Identification Number (IP PIN) to strengthen their defenses against tax-related […]

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IRS Urges Taxpayers to Enroll for IP PIN Ahead of 2025 Filing Season, IR-2024-278

IRS Accelerates Work on Employee Retention Credit Claims, IR-2024-263

The IRS has made significant progress on Employee Retention Credit (ERC) claims, with processing underway on about 400,000 claims, worth […]

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IRS Accelerates Work on Employee Retention Credit Claims, IR-2024-263

IRS Warns Taxpayers About Scams by Offer in Compromise Mills, IR-2024-243

The IRS has issued a warning to taxpayers to be cautious of unscrupulous promoters claiming to offer help in resolving […]

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IRS Warns Taxpayers About Scams by Offer in Compromise Mills, IR-2024-243

IRS Appeals Secure Messaging Program Office Launches Corporate Group Mailbox Pilot, IR-2024-247

The IRS Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts […]

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IRS Appeals Secure Messaging Program Office Launches Corporate Group Mailbox Pilot, IR-2024-247

FL - Updated electronic address and jurisdiction database issued for determination of premiums situs

An updated electronic address and jurisdiction database is issued for the determination of Florida insurance premiums tax to the proper […]

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FL - Updated electronic address and jurisdiction database issued for determination of premiums situs

FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period

Consistent with the Hurricane Helene penalty relief announced by the Internal Revenue Service (IRS), the Florida Department of Revenue is […]

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FL - Guidance provided on sales and reporting of dyed diesel fuel during hurricane helene penalty relief period