To better protect individuals and the system throughout this critical process, the US Internal Revenue Service (IRS) has made this the major purpose of the tax return filing campaign, which began today.
To do this, it has resorted to the Coalition Against Schemes and Scam Threats (CASST), with whom it has implemented various changes that are effective as of today, the day the reporting deadline began.
Please remember that the tax filing season starts on Monday, January 27. This will be open till Tuesday, April 15th, next year. If taxpayers want to avoid any problems, they have two and a half months to file their tax returns with the IRS.
The administration hopes that the improvements will make this year’s procedure safer and less prone to tax schemes.
IRS will implement new changes for tax filing in 2025
The US Internal Revenue Service (IRS) has assured that this year’s tax return filing method will be more secure for both taxpayers and the system as a whole. The Coalition Against Scams and Scheme Threats (CASST) has been its go-to resource for this.
What, though, has changed? Among the most notable has been the introduction of a new fuel tax credit form, which aims to prevent fraud against taxpayers who are required to disclose non-taxable business fuel uses.
The IRS has also implemented changes to improve monitoring of claims in the “Other Withholding” area, which corresponds to line 25C of Form 1040.
Nonetheless, the IRS has published suggestions for use, which in this case are to attach supporting papers, such as Schedule K-1, 8288-A, or Forms W-2G, to avoid delays. In addition to the foregoing, the IRS has taken the complaints about ghost preparers seriously.
Those that file returns without identifying themselves are referred to as “ghost preparers.” The Internal Revenue Service (IRS) has previously warned that in some cases, individuals whose returns appear to have been prepared by anonymous preparers may receive a notice from the IRS.
Leaving returns in the hands of these anonymous preparers could result in harsh fines, making this a serious infraction.
How can beneficiaries protect themselves from these new IRS changes?
This year, the IRS has worked very hard to increase both taxpayer and system security. In addition to avoiding tax fraud, this strategy has been employed to relieve taxpayers’ fears of deception. As a result, actions such as those described above have been implemented.
However, it is not entirely in the hands of the IRS. Citizens must also understand how the process works and how to prevent being cheated. Nonetheless, the IRS has renewed a number of suggestions that individuals should seriously consider. The following are some of the most important:
- Consult reputable and official sources at all times. Any updates or pertinent information will always be shared via IRS channels or authorized experts.
- Refrain from reading anything posted on social media sites. One excellent tool for defrauding and trapping taxpayers is disinformation.
- Save all of your documents and receipts. Maintain all the records required to support each step of the procedure.
What you need to know about the “Where is my refund?” IRS tool
Monday marked the official start of tax season, and the IRS’s new, free Direct File program may inspire more people than ever to file forms this year. The average refund for the 2023 tax season was $3,170, slightly more than the $3,145 average from the previous season due to the IRS processing 163,515,000 returns.
Many Americans expect an even bigger return this year, as inflation and rising costs affect everything from basic necessities like gas to grocery store mainstays like eggs. Furthermore, it’s easy to become curious about the status of your refund and when it will arrive, similar to wanting to check on your pizza order minutes after placing it.
