Keystone Financial Solutions Inc.

Taxpayers who verify their identities through the in-person process will have an IP PIN mailed to them within three weeks.

Read the full article: You Are Now Eligible for an IRS Identity Protection Pin
▸ https://lttr.ai/njaw

You can visit the Get My Payment tool on IRS.gov to show the status of your Economic Impact Payment (EIP).

Read more 👉 https://lttr.ai/niei

If you are a PA resident, the good news is that any type of UC benefit received is non-taxable.

Read more 👉 https://lttr.ai/lCmx

Review the draft of the tax return prepared by your tax professional for completeness and accuracy before signing the return (or the e-file authorization Form 8829).

Read the full article: Failure to Disclose Foreign Holdings (FBAR) – Taxpayer Found to have Committed Fraud
▸ https://lttr.ai/lCBJ

In years past when an ID theft victim lost or misplaced his IP PIN, the filing of the taxpayer’s return was delayed because the return could not be filed until the IRS sent a new IP PIN to the taxpayer which could take several weeks.

Read more 👉 https://lttr.ai/j4uR

If you have not already done so, make sure that you have a complete and accurate Form W-9, Request for Taxpayer Identification Number and Certification on file, for every non-corporate vendor who provides services to your business.

Read more 👉 https://lttr.ai/j32a

Nonemployee compensation may be subject to backup withholding if a payee has not provided a taxpayer identification number (TIN) to the payer or the IRS notifies the payer that the TIN provided was incorrect PDF.

Read the full article: Form 1099-NEC Replaces Form 1099-MISC
▸ https://lttr.ai/j3Nt

Desperate taxpayers often fall victim to OIC mills' misleading media advertisements promising miraculous tax debt relief.

Read more 👉 https://lttr.ai/jum5

The IRS has identified and contacted taxpayers who made more than $100,000 and had not filed a tax return before 2019 to ensure they understood their obligation to file and pay income taxes.

Read more 👉 https://lttr.ai/jnED

This means that all tax returns need to be filed and that the taxpayer is properly making their current year tax payments.

Read more 👉 https://lttr.ai/jmg4

In recent years, the IRS expanded the program to specific states where taxpayers could voluntarily opt into the IP PIN program.

Read more 👉 https://lttr.ai/jeWE

Some people who received a paper check last time might receive a prepaid debit card this time, and some people who received a prepaid debit card last time may receive a paper check.

Read the full article: Check Your Mailbox for your IRS Debit Card
▸ https://lttr.ai/jdos