IRS Phone Calls: What Taxpayers Need to Know
5/28/2026If you need to speak to an IRS representative by phone, know that you’ll be required to verify your identity. You’ll be asked for your Social Security ...
- Categories:
- Federal and State Tax
MyCPA LLP Admin
If you need to speak to an IRS representative by phone, know that you’ll be required to verify your identity. You’ll be asked for your Social Security ...
MyCPA LLP Admin
Small landlords: You may be eligible for a valuable tax break. Unless you’re a “real estate professional” for tax purposes, rental losses are typical...
MyCPA LLP Admin
Earning income from a personal interest raises a key tax question: Is it a hobby or a business? This distinction is important because different tax rules a...
MyCPA LLP Admin
In May 2026, the IRS reinstated a previously discarded policy that allows taxpayers to request private letter rulings (PLRs) from the IRS, but only for “...
MyCPA LLP Admin
Debt forgiveness may result in taxes owed. Under federal tax law, gross income generally includes cancellation of debt income when a lender forgives all or...
MyCPA LLP Admin
Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide tax benefits. You may be able to ...
MyCPA LLP Admin
Final regulations released by the IRS stipulate that partnerships no longer need to provide detailed gain and loss information to selling partners by Janua...
MyCPA LLP Admin
In 2024 and 2025, the IRS prevented $7 billion in fraudulent tax refunds and used identity theft filters to flag about 7.5 million tax returns for addition...
MyCPA LLP Admin
If you receive a letter from the IRS, don’t discard it! Most IRS letters or notices relate to federal tax returns or tax accounts. A letter may reference...
MyCPA LLP Admin
The IRS is offering a limited-time settlement opportunity for eligible taxpayers involved in conservation easement disputes. A conservation easement genera...
