Taxpayers can appeal a rejected offer in compromise Tax Tip 2024-54, May 30, 2024 — If the IRS rejects an offer in compromise, taxpayers have 30 days from the date on the rejection letter to request an appeal of that decision. Summer activities that could affect people’s tax returns next year Tax Tip 2024-53, May 29, 2024 — While summer is a time for fun, it’s never the wrong time to be thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for filing season. Year-round tax planning pointers for taxpayers Tax Tip 2024-52, May 22, 2024 — Here are some simple things taxpayers can do throughout the year to make filing season less stressful. Tax benefits for homeowners Tax Tip 2024-51, May 21, 2024 — Whether someone is a current homeowner or buying a new home this summer owning a home can be expensive. There are tax benefits that can help taxpayers save money and offset some of the costs that come with homeownership. Businesses and organizations can add more users for IRS Energy Credits Online Tax Tip 2024-50, May 16, 2024 — The IRS Energy Credits Online tool lets multiple people register as users on behalf of their entity. For continuity of access to the clean energy online tools, the IRS encourages each entity to have more than one clean energy officer. Check business tax returns for signs of incorrect Employee Retention Credit claims Tax Tip 2024-49, May 15, 2024 — Some unscrupulous promoters have misrepresented eligibility rules for the Employee Retention Credit, luring well-intentioned businesses to claim the credit when they don’t qualify. The IRS is highlighting seven suspicious signs and urging businesses to seek a trusted tax professional to resolve an incorrect claim if they need to. Reminder: Taxpayers must file and pay taxes even if they live abroad IRS Tax Tip 2024-48, May 14, 2024 — It’s important that U.S. citizens and resident aliens living abroad understand their tax obligations. Their worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where they live or where they earn their income. How to request help with a tax matter from the IRS Independent Office of Appeals Tax Tip 2024-47, May 8, 2024 — If a taxpayer disagrees with an IRS decision, they can ask the IRS Independent Office of Appeals to review their case. This office is separate from the rest of the IRS. By law, taxpayers have the right to challenge the IRS’ position and be heard Tax Tip 2024-46, May 7, 2024 — Every taxpayer has fundamental rights when working with the IRS. Collectively their rights are known as the Taxpayer Bill of Rights. One of these is the right to challenge the IRS's position and be heard. What taxpayers should do if they receive mail from the IRS Tax Tip 2024-45, May 6, 2024 — IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if something comes in the mail from the IRS – they’re here to help. Emergency preparedness plans for businesses should include financial records Tax Tip 2024-44, May 3, 2024 — When business owners put together an emergency preparedness plan, it should include copies of vital records and financial information. Tax pros: 2024 IRS Nationwide Tax Forums registration now open Tax Tip 2024-43, May 2, 2024 — Registration for the 2024 IRS Nationwide Tax Forum is now open. These annual forums provide tax professionals the opportunity to attend special continuing education sessions. Taxpayers and tax pros: Beware of these common tax scams Tax Tip 2024-42, May 1, 2024 — Taxpayers and tax professionals should remain alert and aware of these common scams, schemes and cons to avoid losing money, personal information or client data. Tax tip archive IRS tax tips from January 2011 forward.
