Selecting a tax professional as a small business taxpayer Tax Tip 2024-24, March 29, 2024 — When a small business decides to bring in a tax professional, they should know what to expect and how to select a reputable practitioner. The IRS has information and resources to make choosing a tax professional easier. Where’s My Refund tool makes it easy to track the status of a federal tax return Tax Tip 2024-23, March 28, 2024 — Taxpayers can check the status of their refund easily and conveniently with the IRS Where's My Refund tool at IRS.gov/refunds. Taxpayers: Get accessible tax info and forms from the IRS Alternative Media Center Tax Tip 2024-22, March 27, 2024 — The IRS Alternative Media Center provides a variety of accessible services to help people who use assistive technology such as screen reading software, refreshable Braille displays, screen magnifying software and voice recognition software. What taxpayers need to know about digital asset reporting and tax requirements Tax Tip 2024-21, March 26, 2024 — Taxpayers filing 2023 tax returns must check a box indicating whether they received digital assets as a reward, award or payment for property or services or disposed of any digital asset that was held as a capital asset through a sale, exchange or transfer. Watch this free webinar on 2023 Form 1099-K rules Tax Tip 2024-20, March 25, 2024 — People can now access a free recording of the 2023 Form 1099-K webinar. This webinar has important info for tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces. Low to moderate income workers may be eligible for the Earned Income Tax Credit Tax Tip 2024-19, March 21, 2024 — The Earned Income Tax Credit is the federal government’s largest refundable tax credit for low to moderate income workers. All taxpayers have the right to quality service from the IRS Tax Tip 2024-18, March 20, 2024 — The Taxpayer Bill of Rights defines 10 fundamental rights of every taxpayer. One of these rights is the right to quality service. Let's take a closer look at the right to quality service and what it means for taxpayers. Businesses: Electronically file Form 8300 to report cash payments over $10,000 Tax Tip 2024-17, March 14, 2024 — Businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is optional. Auto dealers must register with the IRS to receive advance payments of the Clean Vehicle Tax Credit Tax Tip 2024-16, March 13, 2024 — To submit time-of-sale reports and receive advance payments of the Clean Vehicle Tax Credit, auto dealers and sellers must register their business with IRS Energy Credits Online. Dealers and sellers must use this tool to submit all time-of-sale reports for vehicles placed in service in 2024 and future years. Seven warning signs of incorrect Employee Retention Credit claims Tax Tip 2024-15, March 11, 2024 — Some unscrupulous promoters have marketed misleading information about Employee Retention Credit eligibility rules to well-intentioned businesses. The IRS is highlighting seven suspicious signs and urging business to seek a trusted tax professional to resolve an incorrect claim while they still can without penalties or interest. Employers: Webinar for important details on Employee Retention Credit before the March 22 deadline Tax Tip 2024-14, March 8, 2024 — The March 22 deadline to apply to the Employee Retention Credit – Voluntary Disclosure Program is fast approaching. Eligible taxpayers in 12 states can file for free with IRS Direct File Tax Tip 2024-13, March 7, 2024 — The IRS Direct File pilot gives people an option they’ve asked for — a way to file their taxes quickly, easily, and for free directly with the IRS. Tax tip archive IRS tax tips from January 2011 forward.
