Gift Card Scams are running rampant again, The IRS will never ask you to pay a tax due with a gift card. To learn more about these scams watch the video here: https://www.youtube.com/watch?v=Z9yRuyXt9vQ
Summer Camps and Taxes
Sending the kiddos to camp may result in a tax credit. The IRS goes into more detail in the video here:
https://content.govdelivery.com/accounts/USIRS/bulletins/3a414ea?reqfrom=share
Employer Provided Educational Benefits
Do you have an employer provided educational benefit plan. The IRS has produced an excellent overview of these programs and their possible tax implications. Read more here:
https://content.govdelivery.com/accounts/USIRS/bulletins/3a33f41?reqfrom=share
IRS Cracking Down on Partnership Loopholes
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