What should you do if you think you’ve been the victim of tax-related identity theft? The IRS has a form to file for that. The “Identity Theft Affidavit” is for taxpayers who suspect identity...

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It is later than in past years. The IRS stated that the start date will allow time to do additional programming and testing of systems following the Dec. 27 tax law changes that...

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A long-standing benefit for some educators gets an update. Eligible K-12 teachers and instructors are entitled to up to $250 annually in an “above-the-line deduction” for certain school-related expenses paid out of their own...

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The IRS has expanded its Identity Protection (IP) PIN Opt-In program to all taxpayers who can verify their identities. The IP PIN is a six-digit code known only to the taxpayer and to the...

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The IRS has issued final regulations that provide additional guidance regarding the limitation on the deduction for business interest expense. The deduction was amended by the Tax Cuts and Jobs Act and the CARES...

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Are you a student, or do you know a student, who has received a higher education grant under the CARES Act? The IRS recently posted FAQs on its website about information-reporting requirements for these...

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The new law extends and improves charitable donation tax breaks. For 2020, individuals who don’t itemize deductions could take up to a $300 above-the-line deduction for cash contributions to qualified charitable organizations. The Consolidated...

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Tax season is rolling up fast, and millions of Americans will be anticipating refunds. As always, the IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially to pay...

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