The IRS is working to close some partnership loopholes. They have formed a special committee to work on this. Read more here:
https://content.govdelivery.com/accounts/USIRS/bulletins/3a3230e?reqfrom=share
Clean Vehicle Credit update
Please check out the link below if you are thinking of buying a new clean energy vehicle and are interested in getting a tax credit for it:
https://content.govdelivery.com/accounts/USIRS/bulletins/3a2ae6f?reqfrom=share
Renovations can equal a tax break
Renovating your house may result in some tax breaks. There are some specific rulses that must be followed to qualify. Read more at this link from the IRS about the credits and how to qualify. If you have additional questions please message me directly.
https://content.govdelivery.com/accounts/USIRS/bulletins/39b8a1f?reqfrom=share
Beware of these Common Tax Scams
Bad actors are constantly on the prowl for our information, and ways to get into our wallets. There are several ways that scammers typically try and get access to our money or identities. Here is a great article from the IRS with the most frequently used methods to obtain our info and hurt us:
https://content.govdelivery.com/accounts/USIRS/bulletins/399d35f?reqfrom=share
Finding Tax Help
The IRS provides assistance in finding a trusted partner, here is a video about how to yse the system to find tax assistance:
https://content.govdelivery.com/accounts/USIRS/bulletins/390bf82?reqfrom=share