As tax filing season approaches, the IRS Get Ready campaign reminds taxpayers of simple steps they can take now to get ready to file their 2024 federal tax returns. As the IRS continues its digital transformation, it’s making filing easier for taxpayers by providing new online tools as well as expanding and updating other digital tools.…
Read More...National Tax Security Awareness Week, Day 3: Guard against fraudsters with an IRS Identity Protection PIN
National Tax Security Awareness Week, Day 3: Guard against fraudsters with an IRS Identity Protection PIN WASHINGTON — The Internal Revenue Service and the Security Summit partners today encouraged taxpayers to add an extra layer of protection between their tax returns and identity thieves by joining the Identity Protection Personal Identification Number (IP PIN) program at the start of…
Read More...5 Reasons Why You Need to Open a Virtual Bank Account
Have you ever found yourself rushing to the bank during lunch hour, only to wait in line for a simple transaction? Thanks to virtual banking, those days are becoming history. Whether you’re a busy professional, an entrepreneur, or someone who simply values convenience, virtual bank accounts are revolutionising how we manage money in the digital age.…
Read More...Don’t let scammers ruin holiday gift card giving
Taxpayers should watch out for gift card scams especially during the holiday season. The IRS never asks for or accepts gift cards as payment for a tax bill. Common holiday scams Scammers may try to trick taxpayers into falling for the gift card scam. With this scam, criminals may impersonate government or collections officials and send official-looking…
Read More...New Tax Season is Quickly Approaching
It is that time of year, again. The new tax season is approaching. Just a reminder, for your peace of mind, when you receive envelopes that say “Tax Documents Enclosed” put them all together in one folder where you open your mail. The IRS and Indiana will (presumably) open for filing on January 20, 2025…
Read More...U.S. Department of the Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives
$172 million recovered from 21,000 wealthy taxpayers who have not filed tax returns since 2017 in first six months of new initiative WASHINGTON — Today, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny Werfel are delivering remarks at the Austin, Texas, IRS campus to announce new milestones…
Read More...IRS Online Account and Identity Protection PINs protect against identity thieves and scammers
IRS Identity Protection PINs, or IP PINs, are a vital tool to protect taxpayers from identity thieves. The IRS encourages taxpayers to get an IP PIN and establish their IRS Online Account. These tools help guard against fraudsters trying to steal personal and financial information. Important things to know about an IP PIN • It’s a…
Read More...September is National Preparedness Month; taxpayers should prepare for natural disasters
WASHINGTON — With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024. September is National Preparedness Month. Taxpayers can begin getting ready for a disaster…
Read More...IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year
WASHINGTON – The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time. While most taxpayers get a refund after filing their taxes, many also find they unexpectedly owe taxes. This can be due…
Read More...How Is Your Credit Score Calculated?
Credit scores range from 300 to 850. Here’s how your score is calculated, where to get a free score and tips on managing your credit. How is your credit score calculated? Think of it like a bonsai tree: It requires careful tending and thoughtful behavior over time to produce the best results. Take good care…
Read More...