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Choosing a reputable tax preparer is vital to tax security | Internal Revenue Service Tax Tip 2023-127, Dec. 14, 2023 — As people get ready for tax filing season, it’s important that they select tax return preparers with the skills, education and expertise to prepare tax forms properly. Taxpayers are ultimately responsible for all the information on their tax return, regardless o...

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Do I Need to Fill Out a New W-4? Find out if you need to fill out a new Form W-4 to make sureyou’re having enough federal tax withheld from your paycheck.For more information, go to https://...

Hobby or business: here’s what to know about that side hustle | Internal Revenue Service Tax Tip 2023-61, May 3, 2023 — Sometimes the line between having a hobby and running a business can be confusing, but knowing the difference is important because hobbies and businesses are treated differently when it’s time to file a tax return. The biggest difference between the two is that bus...

An Identity Protection PIN helps shield taxpayers from tax-related identity theft | Internal Revenue Service Tax Tip 2023-70, May 23, 2023 — Identity Protection PINs stop identity thieves from filing fraudulent tax returns. Taxpayers who participate in this program are assigned a six-digit number that they use to prove their identity when they file their federal tax return.

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Tax Resources for Members of the Military Helpful tax information for members of the military and their families as well as some veterans. This video provides some military-specific tax information. ...

Know the different types of authorizations for third-party representatives | Internal Revenue Service Tax Tip 2023-111, Sept. 18, 2023 — Taxpayers can authorize a third-party representative to work with the IRS on their behalf. Sometimes this person is an unpaid family member or friend, and sometimes this is a tax professional hired by the taxpayer. Different types of representatives need differen...

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Options for Paying Your Federal Taxes There are several ways to pay your federal taxes. Watch this video, then head over to https://www.irs.gov/payments for more information. ...

Not All Powers Are the Same: Using a Durable Power of Attorney rather than a Form 2848 in Tax Matters Not All Powers Are the Same: Using a Durable Power of Attorney rather than a Form 2848 in Tax Matters Internal Revenue Service (IRS) sent this bulletin at 08/28/2023 12:48 PM EDT Having trouble viewing this email? View it as a Web page. Alerts from Office of Professional Responsibility (OPR) August....

Individual retirement accounts can be important tools in retirement planning | Internal Revenue Service Tax Tip 2023-116, Sept. 28, 2023 — It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire. These accounts can be with a bank or other financial institution, a ...

Tax tips for new parents | Internal Revenue Service Tax Tip 2023-89, July 10, 2023 — Kids are expensive. Whether someone just brought a bundle of joy home from the hospital, adopted a teen from foster care, or is raising their grandchild. There are several tax breaks that can help.

Certain energy credits under the Inflation Reduction Act are elective pay eligible | Internal Revenue Service Tax Tip 2023-94, July 25, 2023 — Elective pay allows applicable entities, including tax-exempt and governmental entities that would otherwise be unable to claim certain credits because they do not owe federal income tax, to benefit from some clean energy tax credits. By choosing this election, the...

Tax considerations for people who are separating or divorcing | Internal Revenue Service Tax Tip 2023-97, July 31, 2023 — When couples separate or divorce, the change in their relationship status affects their tax situation. The IRS considers a couple married for tax filing purposes until they get a final decree of divorce or separate maintenance.

Accessible tax info and forms available with the IRS Alternative Media Center | Internal Revenue Service Tax Tip 2023-88, July 6, 2023 — The IRS strives to serve all taxpayers by providing tax information in a variety of formats and languages. As part of that goal, the IRS Alternative Media Center offers accessible products to help people who use assistive technology such as screen reading software, ...