Obtaining an Identity Protection PIN (IP PIN) issued by the IRS is a proactive step that you can take to verify your identity when you file your tax return and
Effective January 1, 2023, the IRS has issued its annual notice that updates the allowable 2023 standard mileage rates for business use of vehicles. For 2023, the standard mileage rate
With the President signing the Inflation Reduction Act into law in mid-August there are many important takeaways from this legislation designed to fight inflation, reduce our national deficit, help lower
On Tuesday, August 16, 2022, President Biden has signed the Inflation Reduction Act (IRA) into law. The $740 billion bill contains many tax breaks and raises revenue through a new
Effective July 1, 2022, the IRS has increased the 2022 standard mileage rate to 62.5 cents per mile. This is an increase of 4 cents over the rate that was
In response to a renewed IRS focus on S Corporation shareholder basis issues, the IRS has developed a new tax Form 7203 that certain shareholders must include with their 2021
Effective for tax years beginning in 2021, the IRS will generally require new Schedules K-2 and K-3 for persons filing Forms 1065, 8865, and 1120-S. Partnerships/LLCs and S corporations are
If you received the 3rd Stimulus payment or Advanced Child Tax Credits this past summer – fall, the IRS will be mailing you information letters that reflect the actual amounts
The Wisconsin Department of Revenue announced a new way for individuals to protect their Wisconsin tax accounts. The Wisconsin Identity Protection PIN prevents fraudsters from using an individual’s personal information
It’s almost football season, and many tax filers are still waiting for their 2020 tax refunds to arrive in the mail or their bank accounts. If your IRS money is