Tax Tip 2024-49, May 15, 2024 — Some unscrupulous promoters have misrepresented eligibility rules for the Employee Retention Credit, luring well-intentioned businesses to claim the credit when they don’t qualify.

IRS Tax Tip 2024-48, May 14, 2024 — It’s important that U.S. citizens and resident aliens living abroad understand their tax obligations. Their worldwide income — including wages, unearned income and tips — is subject to U.S. income tax, regardless of where they live or where they earn their income.

Tax Tip 2024-47, May 8, 2024 — If a taxpayer disagrees with an IRS decision, they can ask the IRS Independent Office of Appeals to review their case. This office is separate from the rest of the IRS.

Tax Tip 2024-46, May 7, 2024 — Every taxpayer has fundamental rights when working with the IRS. Collectively their rights are known as the Taxpayer Bill of Rights. One of these is the right to challenge the IRS’s position and be heard.

Tax Tip 2024-45, May 6, 2024 — IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if something comes in the mail from the IRS – they’re here to help.

Tax Tip 2024-44, May 3, 2024 — When business owners put together an emergency preparedness plan, it should include copies of vital records and financial information.

Tax Tip 2024-43, May 2, 2024 — Registration for the 2024 IRS Nationwide Tax Forum is now open. These annual forums provide tax professionals the opportunity to attend special continuing education sessions.

Tax Tip 2024-42, May 1, 2024 — Taxpayers and tax professionals should remain alert and aware of these common scams, schemes and cons to avoid losing money, personal information or client data.

Tax Tip 2024-41, April 30, 2024 — The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new business.

Tax Tip 2024-40, April 26, 2024 — Tax fairness means the tax system is equitable to all citizens. The right to a fair and just tax system is one of 10 rights in the Taxpayer Bill of Rights, which clearly outlines the fundamental rights of every taxpayer.

Tax Tip 2024-39, April 25, 2024 — When a taxpayer realizes that their federal tax return has a math error, missing income or other mistake, they should file an amended tax return.

Tax Tip 2024-38, April 24, 2024 — When a taxpayer can’t pay their full tax debt or if paying would cause financial hardship, they should consider applying for an offer in compromise.

Tax Tip 2024-37, April 23, 2024 — Taxpayers who missed the April tax filing and payment deadline should file as soon as they can. The IRS offers resources to help those who may be unable to pay their tax bill in total.

Tax Tip 2024-36, April 17, 2024 — Once people complete and file their tax return, many of them eagerly await any refund they may be owed. Knowing fact from fiction can help manage expectations as they wait for their money.