Phillip B. Lewis & Company

05/19/2024

It’s the #1 issue in tax liablity…

05/07/2024

https://www.cbsnews.com/news/irs-plans-audit-increase-who-will-be-targeted/?fbclid=IwZXh0bgNhZW0CMTEAAR3ItOgGrwi3IUFoZCPFHLx5-ElGZ3G2NmziU1HdGtMYdtslCo-YrJgCKow_aem_ATGO0riwGJA31mhswtBIYUU2UiDXXo-4U438CGFWsacdLKAkdPj1J469y_9Q3oKEV7Mvijb_ycvGebgMEKbF2Oh_

The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.

12/19/2023

IRS INCREASES MiILAGE RATES FOR TAXPAYERS & BUSINESSES

IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

12/01/2023

https://www.irs.gov/newsroom/irs-advances-innovative-direct-file-project-for-2024-tax-season-free-irs-run-pilot-option-projected-to-be-available-for-eligible-taxpayers-in-13-states

IR-2023-192, Oct. 17, 2023 — As part of larger transformation efforts underway, the Internal Revenue Service announced today key details about the Direct File pilot for the 2024 filing season with several states planning to join the innovative effort.

12/01/2023

Get ready now to file 2023 federal income tax returns in early 2024 - IRS

IR-2023-210, Nov. 13, 2023 — With the nation’s tax season rapidly approaching, the Internal Revenue Service reminds taxpayers there are important steps they can take now to help “get ready” to file their 2023 federal tax return.

08/26/2023

President Joe Biden is proposing higher taxes on wealthy Americans to help cover priorities like Medicare and Social Security in his 2024 budget.

11/09/2022

PRO BONO SERVICES - If you're facing financial hardship in having your income taxes prepared and filed, my firm can provide you with limited pro bono services. We are accepting new clients in this program on a case by case evaluation. Please send me an email detailing your situation @ [email protected] or call @ 732-632-4646.

08/16/2022

It’s not me delaying your refunds. This is why the IRS is hiring more people, 80K!!!

The IRS is making progress on its backlog of unprocessed tax returns, but millions remain, according to the agency.