by Lisa Monk & Associates LLC | Dec 9, 2020 | Tax Tips and News
While it seems our world is on the edge of big changes for the coming year, the IRS is keeping some things status-quo for now. The Internal Revenue Service says interest rates will be the same for the calendar quarter that starts Jan. 1, 2021. Those rates will be: 3%...
by Lisa Monk & Associates LLC | Dec 8, 2020 | Tax Tips and News
The Internal Revenue Service is giving employers a friendly nudge to remind them that their Forms W-2 and other wage statements have to be filed by Feb. 1, 2021, to avoid penalties. Making the deadline will also help the IRS prevent fraud. A 2015 law made Jan. 31 the...
by Lisa Monk & Associates LLC | Dec 5, 2020 | Tax Tips and News
The Internal Revenue Service and its Security Summit partners are warning tax professionals that cybercriminals are targeting them with new ways to get taxpayer information. The alert says thieves are readying scams that capitalize on tax professionals working from...
by Lisa Monk & Associates LLC | Dec 4, 2020 | Tax Tips and News
Businesses should be on high alert as thieves try to use their stolen names and data to file fraudulent income tax returns. The warning comes from the Internal Revenue Service, state tax agencies and tax industry partners who make up the Security Summit partnership....
by Lisa Monk & Associates LLC | Dec 3, 2020 | Tax Tips and News
Taxpayers who want to make it harder for identity thieves to successfully file a fraudulent tax return using their information will soon be able to sign up for an IP PIN. Starting in January 2021, the Internal Revenue Service says it will allow any taxpayer to sign up...
