Internal-revenue-service-irs-news.As we move further into April, the Internal Revenue Service (IRS) continues to release important information for taxpayers navigating the 2## filing season. This article compiles recent IRS news, covering tax scams to be aware of, upcoming deadlines, and helpful programs for filers. internal-revenue-service-irs-news.
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Beware the Dirty Dozen: Common Tax Scams for 2024
The IRS has released its annual “Dirty Dozen” list, highlighting the twelve most prevalent tax scams targeting taxpayers. This year, the focus is on scams exploiting recent events and confusion surrounding tax laws. Here are some key scams to be aware of:
- Improper Fuel Tax Credits: Scammers are promoting false claims of significant fuel tax credits for individuals. The IRS clarifies that there are no such credits available for most taxpayers. internal-revenue-service-irs-news.
- Phishing for Your Online IRS Account: Scammers may attempt to contact you via email, phone, or text message, posing as the IRS and trying to gain access to your online IRS account. Never share personal information or account credentials with anyone who contacts you, claiming to be the IRS.
- False Offers to Set Up Your Online IRS Account: The IRS does not charge for creating an online account. Be wary of anyone offering to help you set up an account for a fee.For a complete list of the Dirty Dozen scams and further details, visit the IRS website [IRS Dirty Dozen].
Don’t miss these deadlines: Stay on top of your tax obligations.
Several important tax deadlines are approaching. Here’s a quick rundown:
- April 15th, 2024: This is the deadline for filing your 2023 tax return if you live abroad (U.S. citizens and resident aliens).
- April 15th, 2024: This was also the deadline for the first quarter estimated tax payment for tax year 2024. If you are self-employed, an investor, or have income outside of wages, you may be required to make estimated tax payments throughout the year.The IRS website offers resources and tools to help you determine if you need to make estimated tax payments and calculate your estimated tax liability [IRS Estimated Taxes].
- May 17th, 2024: This is the deadline to claim your tax refund for tax year 2020. The IRS encourages anyone who hasn’t filed for 2020 to do so before this date to claim any potential refunds.
Relief Programs Available for Struggling Taxpayers
The IRS recognizes that some taxpayers may face challenges filing their returns or paying their tax debts. Here are some programs that can provide assistance:
- Penalty Relief for 2020 and 2021 Filings: The IRS has automatically waived penalties for nearly 5 million tax returns from 2020 and 2021 with unpaid balances. This relief primarily benefits taxpayers who did not receive automated collection notices during the pandemic.
- Free Direct File Pilot Program: In a pilot program for the 2024 tax season, the IRS is offering a free direct filing option for taxpayers in select states. This program allows eligible individuals to file their tax returns electronically, directly through the IRS website, without needing commercial tax preparation software.For more information on these programs and other resources available for taxpayers experiencing financial hardship, visit the IRS website [IRS Get Help with Taxes].
Additional resources from the IRS
The IRS’s website is a valuable resource for taxpayers. Here are some key sections to explore:
- Newsroom: Stay updated on the latest IRS news releases, including tax law changes, scam alerts, and filing deadlines [IRS News Releases].
- Tax Topics: This section provides in-depth information on a wide range of tax topics, from filing instructions to specific deductions and credits [IRS Tax Topics].
- Where’s My Refund?: Track the status of your tax refund after filing your return [IRS Where’s My Refund].
By utilizing the IRS website and staying informed about tax deadlines and scams, taxpayers can navigate the filing process smoothly and avoid any potential issues.
