The Internal Revenue Service announced an increase in the optional standard mileage rate that will take effect July 1, 2022.
Continue readingIRS Increases Optional Standard Mileage Rate
Sen. Young: Federal COVID-19 Money Heading to Indiana Residents, Businesses
Federal help is starting to make its way to Indiana residents and businesses. U.S. Senator Todd Young gave an update on the CARES Act during state officials’ COVID-19 press conference Tuesday.
Continue readingIRS Recommends Taxpayers File Electronically
For the safety of citizens, officials from the Internal Revenue Service recommend that taxpayers and tax professionals use electronic options to process tax returns, refunds and payments.
Continue readingTax Professionals Target of New Email Scam
Scammers are once again targeting tax professionals to try to steal their clients’ data.
Indiana Department of Revenue Urges Taxpayers to Avoid Mistakes That Could Delay Refunds
As the income tax deadline approaches, the Indiana Department of Revenue has a few tips for avoiding refund delays. Department officials say many delays are caused by preventable errors, and an easy way to stop those from happening is to file electronically.
Taxpayers Urged to Beware of Tax-Related Identity Theft
Indiana’s attorney general is urging Hoosiers to be on the lookout for tax fraud. Identity thieves can use other people’s social security numbers to file fraudulent tax returns and keep refunds for themselves.
2018 Tax Filing Now Open
The 2018 tax season is officially underway. Taxpayers can now file their income tax returns with the Internal Revenue Service. Continue reading
Indiana Department of Revenue Offers Tax Tips, As Filing Season Approaches
The 2018 tax season is about to get underway, and the Indiana Department of Revenue has a few tips to help save you some money. Taxpayers with an adjusted gross income of $66,000 or less may file for free, with the INfreefile program. The Department of Revenue expects that almost 2 million Hoosiers will qualify for free filing this year.
Year-End Tax Tips from the Internal Revenue Service
For most tax payers, December 31st is the last day to take actions that will impact 2017 tax returns, according to the IRS.
For instance, charitable contributions are deductible in the year made. This means donations charged to a credit card before the end of the year count for the 2017 tax even if the bill isn’t paid until 2018 and checks made to a charity count for 2017 as long as they’re mailed by the last day of the year.
Taxpayers are urged to refrain from preparing their tax returns until all necessary forms and documents are received. Needed documentation includes W-2 forms from employers and 1099 forms from banks and other payers. Continue reading
Help Still Available for Taxpayers Filing 2016 Tax Returns
Taxpayers who still need to file their 2016 tax returns can still get some help, according to the Internal Revenue Service. October 16 is the filing deadline for many of those granted an extension on their tax returns. The IRS says those individuals can still take advantage of several programs.
Protect Yourself from Scammers Posing as IRS
The Indiana State Police are warning residents to be weary of people calling and posing as the IRS. A number of citizens in the northern Indiana have reported calls from individuals claiming to be an IRS representative, demanding money and threatening legal action. As the police work to stop the perpetration of these false calls, the IRS has provided a few tips to ensure your safety. Continue reading
Threat of IRS Scams Continues Over the Summer
Even though tax filing season is over, the Internal Revenue Service still urges taxpayers to beware of tax-related scams over the summer months. IRS officials say there are many variations, but most scams demand that taxpayers make an immediate payment to avoid being arrested.
IRS Warns Tax Industry of Phishing Emails
The IRS, along with the tax industry, and state tax agencies, warn tax professionals to beware of phishing emails. Continue reading
IRS Turning Seriously Delinquent Accounts Over to Collections
The Internal Revenue Service is preparing to turn seriously delinquent accounts over to private-sector collection agencies. The agency notes these are unpaid individual tax obligations that are not currently being worked by IRS collection employees and often were assessed by the tax agency several years ago. Continue reading
Avoid Common Errors When Filing Income Tax Returns
The income tax filing deadline is less than two weeks away. Many taxpayers may be rushing to complete paperwork to make the filing deadline which can lead to common errors.
The Internal Revenue Service urges taxpayers to slow down and take time to fill out required forms correctly. If forms are not completed correctly, it will likely take the IRS more time to process the paperwork.
IRS Officials Offer Tips for Obtaining Filing Extensions
Taxpayers who are unable to file their federal returns by the April 18th deadline can go online to request an extension. Continue reading
IRS Officials Recommend Double Checking Tax Returns Before Filing
The Internal Revenue Service encourages tax filers to carefully check their returns for errors before dropping them in the mail or submitting them electronically. Continue reading
IRS Cautions Against Misrepresenting Income on Tax Returns
Falsifying your income to boost your tax refund could cost you quite a bit of money, according to IRS officials. Continue reading
Phishing Scams Remain a Threat During 2017 Tax Season
Phishing schemes are once again on the Internal Revenue Service’s list of scams to watch out for, during this upcoming tax season. The IRS is releasing its annual “Dirty Dozen” tax scam list. Continue reading
IRS Warns of Payroll Phishing Scam
The IRS is warning payroll and human resources professionals of an email scam aimed at stealing proprietary employee information. Continue reading
