by Dean Clayton T. Woo CPA, Inc. | Aug 28, 2021 | Tax Tips and News
October is just a month away, so it’s time once again for an important announcement by the Internal Revenue Service: The federal fourth quarter interest rates. Despite the seasons changing, it looks like rates are staying the same. What are the federal interest rates...
by Dean Clayton T. Woo CPA, Inc. | Aug 27, 2021 | Tax Tips and News
Impersonating the Internal Revenue Service is big business for identity thieves. These phishing scams often combine fear of the agency with urgency (and threats), and those who fall for them can soon find their information or money stolen. That’s why the IRS this week...
by Dean Clayton T. Woo CPA, Inc. | Aug 27, 2021 | Tax Tips and News
As more employers utilize the employee retention credit to keep their workers employed—and as the pandemic continues to be a factor in American business—the Internal Revenue Service continues to issue guidance on who qualifies for the credit and how best to apply it....
by Dean Clayton T. Woo CPA, Inc. | Aug 26, 2021 | Tax Tips and News
A new feature just added to the IRS’ Child Tax Credit Update Portal allows users receiving the advance credit payments to change their mailing addresses. The Internal Revenue Service says this should speed up the process for taxpayers who get their advance payments by...
by Dean Clayton T. Woo CPA, Inc. | Aug 24, 2021 | Tax Tips and News
Long-haul truckers and others who own heavy highway motor vehicles are running out of time to file their federal highway use tax return by August 31. The heavy vehicle use tax is levied on vehicles with a taxable gross weight of 55,000 pounds or more that operate on...
