The Internal Revenue Service today encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax… Get ready for taxes: What’s new and what to consider when filing taxes in 2022
There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by visiting the Get Ready… What taxpayers can do now to get ready to file taxes in 2022
Kicking off a special week, the Internal Revenue Service and the Security Summit partners today warned taxpayers and tax professionals to beware of a dangerous combination of events that can increase their exposure to tax scams or… Nov. 29 – Dec. 3, 2021, is National Tax Security Awareness Week
The IRS reminds taxpayers there are things they should do before the current tax year ends on Dec.31. Donate to charityTaxpayers may be able to deduct donations to tax-exempt organizations on their tax returns. As… Some important things all taxpayers should do before the tax year ends
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance Child Tax Credit (CTC) payment for the month of November. Low-income families who are not… November advance Child Tax Credit payments
The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to take important steps this fall to help themselves file their federal tax returns in 2022.… Easy steps taxpayers can take now to make tax filing easier in 2022
The Internal Revenue Service has issued another round of refunds to workers who paid taxes on their unemployment benefits in 2020. This round of refunds totaled more than $510 million and went to 430,000 workers… IRS issuing additional tax refunds to 430,000 people
The Biden administration has revised a controversial plan that would require banks and other financial services institutions to report account data to the Internal Revenue Service (IRS) in an effort to crackdown on tax cheats. The original… IRS new proposal to track nearly all bank accounts
The IRS announced a new webpage that provides information to taxpayers whose large refunds are subject to further review by the Joint Committee on Taxation (JCT or Joint Committee). By law, when taxpayers claim a federal tax… IRS Launches New Webpage To Assist Taxpayers With Refunds Subject To Joint Committee On Taxation Review
Millions of Americans have already received refund payments after completing their tax filing, but there are concerns that tax return processing could soon face delays. This yearâs tax season is expected to be a bumper year… Millions of Americans have already received a tax refund 2021
The first step of tax preparation is gathering records As taxpayers get ready to file their tax returns, they should start by gathering their records. Taxpayers should gather all year-end income documents to help ensure… You Can View Your IRS Account Online
The Internal Revenue Service is reminding taxpayers that organizing tax records is an important first step for getting ready to prepare and file their 2020 tax return. Taxpayers should keep all necessary records, such as… IRS urges taxpayers to gather tax documents now for smooth filing later
Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who are about to file their 2020 federal tax returns. Choose direct deposit The safest, most… Important reminders before filing 2020 tax returns
On August 28, the IRS announced that it will temporarily allow the use of digital signatures, or e-signatures, on certain forms that cannot be filed electronically, that must be maintained on paper or that otherwise… IRS Allows Temporary Use of E-Signatures for Numerous Tax Forms
IRS.gov feature helps people who normally donât file get payments; second tool next week provides taxpayers with payment delivery date and provide direct deposit information To help millions of people, the Treasury Department and the… Treasury, IRS launches a new tool to help non-filers register for Economic Impact Payments
The Internal Revenue Service today reminds taxpayers and tax professionals to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments. To protect the public and employees, and… IRS urges taxpayers to use electronic options
As the COVID-19 (coronavirus) outbreak continues, the Internal Revenue Service is taking multiple steps to protect their employees, America’s taxpayers and their partners. Although they are curtailing some operations during this period, the IRS is continuing… IRS Mission-Critical Functions Continue During COVID-19 to Assist Taxpayers
The Internal Revenue Service has extended the deadline for filing individual tax returns for 2019 to July 15, 2020 from April 15 in response to the coronavirus pandemic. The change came just two days after… IRS extends tax deadline to July 15 from April 15
The Internal Revenue Service (IRS) recognized Presidents Day as a federal holiday and is therefore closed. In anticipation of the upcoming holiday, the IRS warned people who planned to call before and after the holiday… Avoid the rush after Presidents Day holiday; Use IRSâ online tools to get help
IRS launches Identity Theft CentralFocuses on needs of taxpayers, tax professionals and businesses The Internal Revenue Service today launched Identity Theft Central, designed to improve online access to information on identity theft and data security… IRS launches Identity Theft Central
With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. Itâs… Direct Deposit is the Fastest Way to Receive a Tax Refund
The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.… When is the first day to file taxes in 2020?
The agency and the tax-collection system it oversees are on the brink of catastrophic collapse. Anyone who deals with the IRS on a regular basis knows that the agency is in trouble: IRS employees are… The IRS is Stretched to its Breaking Point
The Internal Revenue Service launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding… IRS launches new Tax Withholding Estimator; Redesigned online tool makes it easier to do a paycheck checkup
The Internal Revenue Service and its Security Summit partners today warned taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally on email. Remember: the IRS does not send unsolicited emails and… Please Remember â IRS Does Not Send Unsolicited Emails To Taxpayers Or Send Status Of Tax Refunds
According to the IRS Strategic Plan FY 2018 to 2020, these are the major Trends and Challenges going forward: SERVING AN INCREASINGLY COMPLEX TAX BASE The U.S. tax base is becoming more complex. Economic and demographic… IRS faces major Trends and Challenges going Forward
Are you planning on claiming the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC) on your federal tax return this year? If yes, then you should know some things have changed since… Earned Income Tax Credit And Child Tax Credit â What Changed
With millions of tax refunds being processed, the Internal Revenue Service reminds taxpayers they can get fast answers about their refund by using the âWhereâs My Refund?â tool available on IRS.gov and through the IRS2Go app. The… Avoid the rush: Fastest way to check tax refund is âWhereâs My Refund?â tool at IRS.gov
National Taxpayer Advocate Nina E. Olson today released her 2018 Annual Report to Congress, describing challenges the IRS is facing as a result of the recent government shutdown and recommending that Congress provide the IRS with… National Taxpayer Advocate Delivers Annual Report to Congress: Addresses Impact of Shutdown
With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them… Avoid the rush over Presidents Day holiday; online tools, resources can help
Today, towards the end of the second full week of the 2019 tax filing season, the Internal Revenue Service warned taxpayers to avoid unethical tax return preparers, known as ghost preparers. By law, anyone who… Don’t fall victim to ‘ghost’ tax preparers
The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for… IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
The IRS announced the 2019 opening day of its Free File program, which provides free electronic filing to qualifying taxpayers, generally those who earned $66,000 or less last year. The program is opening before the… IRS Free File is Open Today!
WASHINGTON â Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. âWe are committed to ensuring that… Tax Filing Season to Begin January 28, 2019
The White House will order the IRS to pay income tax refunds despite the government shutdown, Russ Vought, acting director of the Office of Management and Budget, said at a briefing with Vice President Mike Pence. The IRS… IRS Will Pay Tax Refunds During Government Shutdown
The IRS faces a particularly challenging rollout to the 2019 filing season, best summarized in four words: more work, fewer employees. President Donald Trump signed the latest tax reform law in December 2017, but the… IRS budget cuts strain rollout of 2019 tax filing season
The Internal Revenue Service today announced steep declines in tax-related identity theft in 2017, attributing the success to the Security Summit initiatives that help safeguard the nationâs taxpayers. Key indicators of identity theft dropped for… Key IRS Identity Theft Indicators Continue Dramatic Decline in 2017; Security Summit Marks 2017 Progress Against Identity Theft
With the surge of tax returns expected during the upcoming Presidents Day weekend, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need from the… Avoid the Rush over Presidents Day Holiday; Online Tools, Resources Can Help
Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February The IRS today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted… What the New Tax Withholding Tables for 2018 Mean for Your Take-Home Pay
The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITIN) to submit their renewal applications as soon as possible. Failing to renew them by the end of the year will cause refund… Your ITIN may expire before you file a tax return in 2018
During the online holiday shopping season, the IRS, state tax agencies, and the tax industry remind people to be vigilant with their personal information. While shopping for gifts, criminals are shopping for credit card numbers,… National Tax Security Awareness Week: Online Security – Seven Steps for Safety
The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the… Plan Ahead for 2018 Filing Season to Avoid Refund Delays
The fiscal year 2018 budget plan the House Budget Committee approved in July calls for a radical change in the Earned Income Tax Credit (EITC) that could harm millions of low-income working families and cause… House Budget Committee Proposal to Hold All Tax Refunds until the IRS can Verify Incomes of All EITC Filers
The Internal Revenue Service has announced a couple of big changes they have planned for the e-Services system in the coming months. The first is the transfer of the e-Services system to a new platform,… IRS Making Important Changes to e-Services Platform
We have received many questions from clients and relationships, discussing casualty loss tax deduction rules. The President approved a disaster declaration for Florida on Sunday, September 10, clearing the way for more support as Hurricane… IRS grants tax extensions to those effected by Hurricane Harvey and Irma
The Internal Revenue Service didnât properly implement some provisions of the PATH Act aimed at reducing improper payments for refundable tax credits, instead allowing an estimated $152 million in credits, according to a new report.… IRS erroneously paid $152M in refundable tax credits
The Internal Revenue Service is planning June 18 as the tentative date for moving its e-Services platform to what it promises will be more secure and modern technology. In recent years, the IRS has experienced… IRS targets summer rollout for e-Services upgrade
Applying for financial aid just got a little bit harder for families looking to get a bit of help sending someone to college next fall. As of yesterday, the U.S. Department of Education and IRS… IRS Temporarily Shuts Down Tool Used To Complete FAFSA
In 2016, the Criminal Investigation (CI) division of the Internal Revenue Service initiated 3,395 cases in the fiscal year 2016 that focused on tax-related identity theft, money laundering, public corruption, cybercrime, and terrorist financing. That’s according to… IRS Investigated 3,400 Cases of Tax ID Theft, Laundering, Cybercrime and Terrorism in 2016
The Internal Revenue Service today reminded taxpayers that the next couple of weeks, especially around Presidentsâ Day, marks the busiest time of year for IRS toll-free phone services. Taxpayers can avoid the rush by getting… Avoid the Rush; Use IRS.gov for Quick Answers to Questions