Tax & Current Accounting Topics

IRS grants dyed diesel fuel penalty relief in Louisiana due to Hurricane Ida 

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

https://accountinginstruction.info/

The Internal Revenue Service, in response to shortages of undyed diesel fuel caused by Hurricane Ida,

IRS Tax Tip  All taxpayers have the right to challenge the IRS’s position and be heard 

https://www.irs.gov/newsroom/all-taxp...

https://accountinginstruction.info/

Taxpayers have the right to challenge the IRS's position and be heard.

IRS Tax Tip Taxpayers should review disaster resources on IRS.gov now in case they need help later 

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

https://accountinginstruction.info/

Natural disasters can – and do – happen at any time. Preparing in advance of a disaster can give people peace of mind after a disaster hits as they begin the recovery process.

IRS: Tax relief now available to victims of Hurricane Ida; Oct. 15 deadline, other dates extended to Jan. 3 

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

https://accountinginstruction.info/

Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

September is National Preparedness Month; IRS urges taxpayers to prepare for natural disasters 

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

https://accountinginstruction.info/

September is National Preparedness Month. With the height of hurricane season fast approaching and the ongoing threat of wildfires in some parts of the country,

Low-income families still have time to sign up for advance Child Tax Credit payments 

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

https://accountinginstruction.info/

It's not too late for low-income families to sign up for advance Child Tax Credit payments.

COVID Tax Tip Tax pros: Beware of pandemic-related email schemes 

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

https://accountinginstruction.info/

All tax pros need to beware of evolving phishing scams that use various pandemic-related themes to steal client data. It is the tax preparer's responsibility to secure their network to protect taxpayer data.

Interest rates remain the same for the fourth quarter 2021 

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

https://accountinginstruction.info/ 

WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2021. The rates will be:

Here’s how taxpayers can rebuild records after a natural disaster 

https://www.irs.gov/newsroom/heres-ho... 

https://accountinginstruction.info/

After a natural disaster, taxpayers need records to help them prove and recover disaster-related losses.

IRS Tax Tip Taxpayers can protect themselves from scammers by knowing how the IRS communicates 

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

https://accountinginstruction.info/

If the IRS does call a taxpayer, it should not be a surprise because the agency will generally send a notice or letter first.