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IRS Announces Suspension of Some Letters

by Imperial Business Management | Feb 14, 2022 | Tax Tips and News

The Internal Revenue Service has come to the conclusion that the agency has more on its to-do list than it can get done at one time. Something, they found, had to be “put on the back burner.” In order to service taxpayers filing now for the 2021 tax year, the IRS...

IRS Reminds Taxpayers that Tips are Taxable Income

by Imperial Business Management | Feb 11, 2022 | Tax Tips and News

Workers have returned to the service industry lately—in droves. With the threat of coronavirus subsiding in many locations, restaurants and other establishments have sprung back to life. With the surge in employment, we thought it appropriate to remind workers...

Tax Scams Not Just for Filing Season

by Imperial Business Management | Feb 10, 2022 | Tax Tips and News

It’s a new year and a new filing season. That means the Internal Revenue Service is hard at work fighting some long-running scams aimed at tricking taxpayers out of their hard-earned money. Many times, the thieves impersonate IRS officials and may use text message...

IRS Encourages Non-Filers to File for ARP Benefits

by Imperial Business Management | Feb 9, 2022 | Tax Tips and News

The Internal Revenue Service wants to see a 2021 income tax return from all Americans—including those who haven’t filed in years. The reason is recent legislation—including the American Rescue Plan and other new laws—has put some significant tax benefits in play for...

Privacy Concerns Lead IRS to Drop Facial Recognition

by Imperial Business Management | Feb 8, 2022 | Tax Tips and News

Protecting taxpayer data from scammers and preventing identity theft tax refund fraud has long been a chief concern for the Internal Revenue Service, and pursuing this mission lead the agency to form the Security Summit. While the agency has worked tirelessly...
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