Tax Tips for June 2023

Tax Tip 2023-86, June 28, 2023 — Just because a taxpayer filed a tax return doesn’t mean they should forget taxes until next year. What a taxpayer does now may affect the tax they owe or the refund they may receive next year.

Tax Tip 2023-85, June 27, 2023 — The gig economy - also called sharing economy or access economy - is a popular way for people to earn income by providing on-demand work, goods or services. Some people take up gig work on a part-time basis, and for others the job is done full-time.

Tax Tip 2023-84, June 22, 2023 — IRS Commissioner Danny Werfel will give the keynote address at the Atlanta session of the Nationwide Tax Forum on July 25-27, providing tax professionals with multiple opportunities to learn more about changes to tax law and IRS transformation efforts. Werfel will be making his first appearance at the tax forums during the Atlanta event.

Tax Tip 2023-83, June 20, 2023 — This summer’s IRS Nationwide Tax Forums feature a new series of special events, including sessions focused on practice management, the taxpayer experience, cybersecurity and a town hall meeting with the National Taxpayer Advocate.

Tax Tip 2023-82, June 15, 2023 — Whether someone is entering the workforce for the first time or changing jobs, filling out new hire paperwork can feel overwhelming. One of the forms employees must complete is a W-4, Employee's Withholding Certificate. This form tells employers how much money to withhold from the employee's pay for federal income tax.

Tax Tip 2023-81 June 14, 2023 — Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return.

Tax Tip 2023-80, June 13, 2023 — If a taxpayer disagrees with an IRS decision, they may be able to avoid the time and expense of a court trial by asking the IRS Independent Office of Appeals to review their case. This office is separate from the rest of the IRS. When Appeals officers review cases submitted by taxpayers, they meet with taxpayers informally and consider their position and the IRS’s position in a fair and unbiased manner.

Tax Tip 2023-79, June 12, 2023 — When taxpayers disagree with the IRS’s decision on their tax situation, they can submit a written request to have the IRS Independent Office of Appeals review the decision. The goal of Appeals is to resolve tax disputes outside of the courtroom in a way that is fair and impartial and encourages voluntary compliance with tax law.

Tax Tip 2023-78, June 8, 2023 — Taxpayers have the right to appeal an IRS decision in an independent forum. This is not just one of ten basic rights — known collectively as the Taxpayer Bill of Rights — it’s the law.

Tax Tip 2023-77, June 7, 2023 — Back in person and better than ever—registration is now open for all five IRS Nationwide Tax Forums. Tax pros can get the lastest on changes to tax law, tax hot topics and IRS transformation efforts. This year’s forums offer attendees more than 40 seminars for which tax pros can earn up to 18 continuing education credits.

Tax Tip 2023-76, June 6, 2023 — Many people travel for their job — some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers should know how and when to deduct business travel expenses.

Tax Tip 2023-75, June 1, 2023 — When banks, credit unions, businesses and other payers file information returns with data that doesn’t match IRS records, the IRS sends them a CP2100 or CP2100A notice. The notices tell payers that the information returns they submitted have a missing or incorrect Taxpayer Identification Number, name or both.

IRS tax tips from January 2011 forward.