Sub-Freezing Temperatures Expected this Thursday through Sunday Across Greater Houston
We at Rick S. Vourganas CPA take pride in our neighborhoods and love our neighbors. While we enjoy keeping our readers up on the latest tax and IRS news we also want to keep our neighbors safe. Here is some info about the upcoming weather and how to stay safe.As an arctic front moves toward […]
The IRS Issues a 50% Penalty for Failing to Make Required Retirement Withdrawals.
Over the years, millions of Americans had small amounts of money taken out of their paychecks before taxes were collected and put into retirement plans. The Internal Revenue Service is reminding these taxpayers, who are either already retired or getting ready to retire, that they have to take money out of their retirement accounts.The IRS […]
New IRS Rule Concerning Payments Via Venmo, Cash App & PayPal May Affect Millions.
Taxpayers may be “shocked” by the lower bar for reporting Venmo, Cash App & PayPal revenues. Online earners in the United States may be in for a harsh surprise when they submit their taxes in 2023. This is due to the fact that starting in 2018, taxpayers will have to report to the IRS any […]
IRS reports significant increase in texting scams; warns taxpayers to remain vigilant
The Internal Revenue Service today warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
IRS: Taxpayers now have more options to correct, and amend returns electronically
Taxpayers can now amend forms electronically IR-2022-130, June 23, 2022 WASHINGTON — The Internal Revenue Service announced today that more forms can now be amended electronically. Taxpayers can amend forms electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment Tax Return (Including the […]
