Tax & Current Accounting Topics

Understanding taxpayer rights The right to be informed IRS Tax Tip 

https://www.irs.gov/newsroom/understa... 

http://accountinginstruction.com/

Taxpayers have the right to know what they need to do to comply with the tax laws. Not just during filing season but, all year.

IRS issues FAQs for Tax Year 2021 Earned Income Tax Credit 

https://www.irs.gov/newsroom/irs-issu... 

http://accountinginstruction.com/

The Internal Revenue Service today issued frequently asked questions (FAQs) for the 2021 Earned Income Tax Credit to educate eligible taxpayers on how to properly claim the credit when they prepare and file their 2021 tax return.

Tax Time Guide: IRS reminds taxpayers to report gig economy income, virtual currency transactions, foreign source income and assets https://www.irs.gov/newsroom/tax-time... 

http://accountinginstruction.com/

Changes to the earned income tax credit for the 2022 filing season 02.28.22  COVID Tax Tip 

https://www.irs.gov/newsroom/changes-... 

https://accountinginstruction.info/

The EITC is one of the federal government's largest refundable tax credits for low-to moderate-income families.

IRS updates FAQs for the Premium Tax Credit 02.25.22  

https://www.irs.gov/newsroom/irs-upda... 

https://accountinginstruction.info/

The Internal Revenue Service today updated its frequently asked questions (FAQs) on the Premium Tax Credit.

Tax Time Guide: Use the Where’s My Refund? tool or IRS2Go app to conveniently check tax refund status

 https://www.irs.gov/newsroom/tax-time... 

https://accountinginstruction.info/

The Internal Revenue Service reminds taxpayers today that the fastest and easiest way to check on tax refunds is by using the Where's My Refund?  

Interest rates increase for the second quarter of 2022 

https://www.irs.gov/newsroom/interest... 

https://accountinginstruction.info/

The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning April 1, 2022. The rates will be:

2022 Low Income Taxpayer Clinic List now available 02.22.22 

https://www.irs.gov/newsroom/2022-low... 

https://accountinginstruction.info/

The Internal Revenue Service's Low Income Taxpayer Clinic (LITC) program office announced today that its 2022 Publication 4134, Low Income Taxpayer Clinic List PDF, is now available.

IRS provides additional updates to Frequently Asked Questions and Answers for 2021 Recovery Rebate Credit 

https://www.irs.gov/newsroom/irs-prov... 

https://accountinginstruction.info/

The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit.

IRS reminds those with farming, fishing businesses of March 1 tax deadline

https://www.irs.gov/newsroom/irs-prov... 

https://accountinginstruction.info/