Tag: #IRS

The IRS and ID.me

 January 26, 2023

  PPL is requesting that you create an ID.me account with the IRS. Creating an ID.me account is beneficial to you and to PPL. One of the benefits of creating an ID.me account is your ability to electronically sign a Power of Attorney authorizing PPL to communicate with the IRS on tax related matters. 1)      View,Read more…

Capital Gains Tax Blog Series 5: Updates for 2023

 November 29, 2022

The thresholds for each tax rate are adjusted annually for inflation. The IRS has released  the 2023 thresholds (click here for the 2023 inflation adjustments).  Given the high inflation rates of late, the thresholds will increase at a greater rate for 2023 than they have in recent years. This is good for taxpayers, since itRead more…

Understanding How the IRS Contacts Taxpayers – Avoid Scams and How to Know it’s Really the IRS Reaching Out

 September 20, 2022

With continuing phone and in-person scams taking place across the country, the IRS wants to help you understand how and why agency representatives may contact you. In most instances, the IRS sends a letter or written notice to a taxpayer in advance, but not always. Depending on the situation, IRS employees may first call orRead more…