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IRS Announces Increase in Interest Rates

IRS Announces Increase in Interest Rates

by taxPRO Websites Staff | Feb 26, 2022 | Tax Tips and News

Judging from the likes of food, gasoline and other staples, it should come as no surprise that the Internal Revenue Service is revising its interest rates, starting in the second quarter of this year. The Internal Revenue Code dictates that interest rates are to be...
IRS Offers Guidance for Parents Who Share Custody

IRS Offers Guidance for Parents Who Share Custody

by taxPRO Websites Staff | Feb 25, 2022 | Tax Tips and News

A lot has been said and written recently about the various credits put forth to counter the economic effects of the pandemic and how they affect parents’ tax liabilities. But what about those taxpayers whose tax picture is, one could say, a bit more fluid? The...
Farmers, Fishers Face March 1 Tax Deadline

Farmers, Fishers Face March 1 Tax Deadline

by taxPRO Websites Staff | Feb 23, 2022 | Tax Tips and News

The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.” Those taxpayers have to pay their entire tax bill from their respective businesses by that time if they didn’t make estimated tax payments. The...
IRS Warns Tax Pros About Spear-Phishing Scams

IRS Warns Tax Pros About Spear-Phishing Scams

by taxPRO Websites Staff | Feb 19, 2022 | Tax Tips and News

Phishing emails are a common threat found in your inbox. While these scams range from too-good-to-be-true business opportunities to aggressive threats from “government agencies,” one specific type—spear-phishing scams—can be more challenging to identify at a glance...
IRS Higher Education Emergency Grants FAQs Updated

IRS Higher Education Emergency Grants FAQs Updated

by taxPRO Websites Staff | Feb 17, 2022 | Tax Tips and News

The Internal Revenue Service wants college students to be a little smarter when it comes to their scholarships and any emergency grants they may have gotten due to the pandemic. The agency is spreading its knowledge by updating frequently asked questions (FAQs) in its...
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