Do you have a missing 401(k)? It’s more common than you might think. One U.S. Labor Department study suggests that people will have worked a dozen jobs by their mid-40s, with most of those barely lasting a few years. While you have a few options for handling an old 401(k), some strategies are better than others. The…

Despite IRS delays in implementing lower thresholds for the issuance of 1099-K forms, most gig workers are unaware of the changed rules — meaning they’re in for a surprise this tax season. In a January survey by Avalara, a tax compliance software company, 73% of gig workers said they did not know about the new $5,000…

Taxpayers should be aware of gift card scams and take steps to protect themselves. Scammers may target taxpayers by asking them to pay a fake tax bill with gift cards. People should remember that the IRS never asks for or accepts gift cards as payment for a tax bill. The IRS doesn’t initiate contact with taxpayers by email,…

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.…

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…

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.…

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…

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…

$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…

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…