Tax Blog

High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation Reduction Act of 2022 is designed to make the switch less of a financial burden, there is confusion surrounding some of the new requirements for the Clean Vehicle Credit.… Read more about IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

After the 2022 tax season found the Internal Revenue Service spread thinner than ever before, the agency is taking steps to ensure that the first few months of 2023 go far more smoothly.… Read more about IRS Pushes for More Phone Support, Hires 4,000 Customer Service Reps (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Loss of taxpayer information during the filing process due to technical difficulties is a sure way to fast-track frustration during tax season. Fortunately for Drake Tax users, today’s highlighted feature is an info life saver.… Read more about Drake Tax Feature Spotlight: The Backup and Restore Tool (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Thanksgiving traditions are not one size fits all. Whether roasting turkey or preparing something completely different, families put their unique spin on the holiday. The Security Summit celebrates by kicking its annual National Tax Security Awareness Week on Cyber Monday, and this year marks the seventh anniversary of the event.… Read more about Security Summit Previews National Tax Security Awareness Week 2022 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through the Federal Emergency Management Agency (FEMA); if granted, one benefit victims receive is tax relief.… Read more about IRS Disaster Relief in 2022 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits: the agency alerted 9 million taxpayers about their potential eligibility for Economic Impact Payments in September 2020.… Read more about Non-Filers Can Still Benefit from Several 2021 Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…