WASHINGTON – Today, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier
... Continue Reading
IRS Provides More Clarity on Extended Filing and Payment Deadlines
From EISNERAmper LLP Recently, the IRS announced in Notice 2020-18 federal income tax return filing and payment relief in response to the coronavirus (COVID-19) emergency. Its release raised as many questions as it answered. On March 24, the IRS began the process of addressing those questions, through a
... Continue Reading
What’s Really Happening in Tax Return Identity Theft?
Ever wonder how tax return identity theft got to be such a big problem? Here’s the background. Employers are required to distribute annual W-2 Wage and Income Statements to all employees by January 31st of each year, for the previous year. This gives the taxpayers enough time to put together their
... Continue Reading
Protect Yourself from Identity Theft
I’ve been on a crusade to educate and explain how to protect yourself from the scourge of identity theft. While Millennials are especially susceptible – so much of their communications is done online, across a multitude of devices – we are all at risk! The id thieves are salivating at the treasure
... Continue Reading
Scammers Impersonate IRS Agents, Call & Threaten Taxpayers
Some of our clients and business associates have contacted us regarding telephone calls they have received regarding outstanding tax liabilities. These calls are actually coming from scammers, who pretend to be IRS agents and demand payments immediately or the taxpayer is threatened with bank seizures,
... Continue Reading