Category: Tax
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Tax Tips for Marriage Status Change
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer’s marital status as of December 31, 2024, determines their tax filing options for all of 2024. For filing purposes, the IRS generally considers taxpayers as married if they are separated…
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Tax Benefits for Businesses
Tax benefits for businesses that accommodate people with disabilities Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible to save money on their taxes. Here are the tax incentives for employers who provide accommodations for people with disabilities. Disabled Access Credit The Disabled Access Credit is a…
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Employer Educational Assistance Programs
Employer educational assistance programs can still be used to help pay off workers’ student loans through Dec. 31, 2025 Though educational assistance programs have been available for many years, the option to use them to pay for workers’ student loans has only been available for payments made after March 27, 2020. Under current law, this…
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Beware of Promoters – Settle Your Taxes for Pennies on the Dollar
IRS warns of ‘mills’ taking advantage of taxpayers with Offer in Compromise program The Internal Revenue Service reminds taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results. These unscrupulous “mills” use aggressive marketing to make false claims of…
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IRS Provides Relief to Francine Victims
The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief…
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Taxpayer Advocate Service
A taxpayer’s voice at the IRS The Taxpayer Advocate Service is an independent organization within the IRS. TAS protects taxpayers’ rights by striving to ensure that all taxpayers are treated fairly and know and understand their rights under the Taxpayer Bill of Rights. Here’s what all taxpayers should know about their rights and the role of the…
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Taxpayer Bill of Rights
By law, all taxpayers have the right to finality of federal tax matters Taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right to know when the IRS has finished an audit. This is one of 10 basic rights, known collectively as the Taxpayer Bill of Rights. Here’s what…
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Back-to-School Reminder for Teachers
The Educator Expense Deduction can help offset out-of-pocket classroom costs The Educator Expense Deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren’t reimbursed by their employer, a grant or other sources. Who is an eligible…
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IRS Alternative Dispute Resolution Program
IRS Independent Office of Appeals forms Alternative Dispute Resolution Program Management Office WASHINGTON —The Internal Revenue Service Independent Office of Appeals today announced the formation of a new Alternative Dispute Resolution Program Management Office. This office will collaborate with the IRS Business Operating Divisions to help taxpayers resolve tax disputes earlier and more efficiently. …
