Category: IRS Tips
IRS Tips and News
Taxpayers must file and pay taxes even if they live abroad
[Issue Number: Tax Tip 2024-48] It’s important that U.S. citizens and resident aliens living abroad…
Tax Year 2024: IRS Payment Options
Taxpayers have a variety of options to consider when paying federal taxes. Electronic payment options are the…
Standard mileage rates for 2024
Source IRS IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents…
Avoid a surprise next year; review tax withholding now before time runs out.
IR-2023-205, Nov. 3, 2023 WASHINGTON — With 2023 rapidly coming to a close, the Internal…
LLC or S Corp? What should you know?
Introduction LLCs and S corporations are two terms that are often used in the context…
Certain energy credits under the Inflation Reduction Act are elective pay eligible.
Issue Number: Tax Tip 2023-94 Certain energy credits under the Inflation Reduction Act are elective…
Homeowners: review these house-related deductions and programs.
Issue Number: Tax Tip 2023-96 The summer months are a popular time to buy or…
Tax considerations for people who are separating or divorcing.
Issue Number: Tax Tip 2023-97 Tax considerations for people who are separating or divorcing When couples…
Homeowners: review these house-related deductions and programs
Issue Number: Tax Tip 2023-96 The summer months are a popular time to buy or…
Summertime activities that might affect people’s tax return next year.
Issue Number: Tax Tip 2023-90 For many people, summertime means change. Whether it’s a life…