irs

IRS Launches New Web Page to Streamline Tax Fraud and Scam Reporting

The Internal Revenue Service announced the launch of new web page that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing improvements that will enhance how referrals are used to stop illegal activity.

“Improvements to the IRS fraud reporting system make reporting suspected wrongdoing easier and simpler and will address historic challenges that had prevented the IRS from making maximum use of the referrals it receives,” said IRS Chief Executive Officer Frank J. Bisignano. “By reporting suspected tax fraud or scams, taxpayers play an important role in uncovering fraud and supporting the integrity of the nation’s tax system.”

The new web page consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to report suspicious activity. The web page can be found by selecting the new ‘Report Fraud’ button on the IRS.gov homepage or at IRS.gov/SubmitATip. Taxpayers are encouraged to report suspected tax-related wrongdoing as soon as possible to help the IRS address fraud and noncompliance.

The new web page is only an initial improvement to the IRS’s fraud reporting process. Over the longer term, […]

By |2026-02-27T18:33:07+00:00February 27th, 2026|irs, News|0 Comments

Understanding the Most Common IRS Notices

For many taxpayers, receiving a letter from the IRS can feel intimidating. The envelope arrives with the IRS seal, and immediately, worry sets in: Did I make a mistake? Am I in trouble? The truth is, IRS notices aren’t uncommon, and most of them can be resolved fairly easily once you understand what they mean.

This article walks through the most common types of IRS notices, explains why taxpayers receive them, and provides guidance on how to respond.

Why the IRS sends notices

The IRS communicates primarily by mail — not phone or email. Notices are typically sent for reasons such as:

  • Clarifying information on a tax return,
  • Notifying you of a balance due,
  • Confirming changes made to your return,
  • Requesting additional documentation, and
  • Alerting you to a possible error.

Each notice is numbered in the upper right-hand corner (for example, CP2000 or Notice CP12). That code is your key to understanding the purpose of the letter. In all cases, contact us if you have questions about how to proceed.

Five common notices and what they mean

1. CP2000, proposed changes to your tax return. This notice is issued when the IRS finds a mismatch between the information […]

By |2025-10-01T16:17:58+00:00October 1st, 2025|irs|0 Comments

The IRS Recently Announced 2026 Amounts for Health Savings Accounts

The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year.

HSA basics

An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is covered under a “high-deductible health plan” (HDHP). In addition, a participant can’t be enrolled in Medicare or have other health coverage (exceptions include dental, vision, long-term care, accident and specific disease insurance).

Within specified dollar limits, an above-the-line tax deduction is allowed for an individual’s contribution to an HSA. This annual contribution limitation and the annual deductible and out-of-pocket expenses under the tax code are adjusted annually for inflation.

Inflation adjustments for next year

In Revenue Procedure 2025-19, the IRS released the 2026 inflation-adjusted figures for contributions to HSAs. For calendar year 2026, the annual contribution limitation for an individual with self-only coverage under an HDHP will be $4,400. For an individual with family coverage, the amount will be $8,750. These are up from $4,300 and $8,550, respectively, […]

By |2025-05-27T18:34:25+00:00May 27th, 2025|hsa, irs|0 Comments

What Tax Documents Can You Safely Shred? And Which Ones Should You Keep?

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the shredder or delete button, remember that some paperwork still has two important purposes:

  1. Protecting you if the IRS comes calling for an audit, and
  2. Helping you prove the tax basis of assets you’ll sell in the future.

Keep the return itself — indefinitely

Your filed tax returns are the cornerstone of your records. But what about supporting records such as receipts and canceled checks? In general, except in cases of fraud or substantial understatement of income, the IRS can only assess tax within three years after the return for that year was filed (or three years after the return was due). For example, if you filed your 2022 tax return by its original due date of April 18, 2023, the IRS has until April 18, 2026, to assess a tax deficiency against you. If you file late, the IRS generally has three years from the date you filed.

In addition to receipts and canceled checks, you should keep records, including credit card statements, W-2s, 1099s, […]

By |2025-04-15T18:38:28+00:00April 15th, 2025|audit, irs, taxpayer|0 Comments

Try IRS’s Online Tools for Immediate Assistance

With the busiest time in the tax filing season approaching, the IRS is reminding taxpayers of the online tools available at IRS.gov to get immediate answers. Various options are available at the Let us help you page that include information on filing a tax return, letters from the IRS, tax transcripts, refund status, and more. Self-service options are available at the Tools page where taxpayers can get free help online. Some taxpayers may file their tax returns for free by going to the File your taxes for free page. Step-by-step help for filing a tax return is provided at How to file your taxes: Step by step. Also, individuals with social security numbers or individual taxpayer identification numbers (ITIN) can create (or securely access) their Individual Online Account where they can access their tax records, view, approve and sign authorizations from their tax professional, check refund status, make payments, etc. If you have questions or need assistance, please dont hesitate to reach out to your Linkenheimer CPA.

By |2025-02-19T21:06:09+00:00February 19th, 2025|irs|0 Comments
Go to Top