RefundtalkThe Internal Revenue Service successfully opened the 2024 tax season today by accepting and processing federal individual tax returns as the agency continues focusing on expanding options to help taxpayers. The IRS expects more than 146 million individual tax returns for 2023 to be filed this filing season, which has a deadline of April 15,…
Category Archives: IRS NEWS
Government Shutdown Looms: How it Could Impact IRS Operations and Taxpayers
As October approaches, there is growing concern over the possibility of a government shutdown, which could have significant repercussions for the Internal Revenue Service (IRS) and taxpayers across the United States. The looming shutdown could disrupt crucial IRS operations, potentially affecting the timely processing of various tax returns and creating challenges for taxpayers and tax…
April 18, 2023, is the Tax Deadlines for 2022 Returns
The Internal Revenue Service reminds taxpayers that IRS.gov provides last-minute tax return filers with the resources they need to get taxes done before the April 18 deadline. IRS.gov remains a great resource to help people working on their taxes in the final days before the deadline. The website has numerous resources ranging from tax preparation and refund…
IRS advises early filers to consider filing an amended return if they reported tax refunds as taxable.
The Internal Revenue Service said that taxpayers who filed their federal income taxes early in this year’s filing season and reported certain state 2022 tax refunds as taxable income should consider filing an amended return. On Feb. 10, 2023, the IRS provided details clarifying the federal tax status involving special payments made to taxpayers by…
IRS Warns of Dangerous New Tax Scam Involving W-2 Forms
The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund. One scheme, which is circulating on social media, encourages people to use tax software to manually fill out Form…
Avoid the holiday rush after Presidents Day. Get help with IRS online tools
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 that they could experience longer wait times. The organization added that Tuesday, February 21, 2023, the day after Presidents Day…
IRS announces special Saturday hours for face-to-face help at Taxpayer Assistance Centers across the nation
As part of a continuing effort to improve service this tax season, the Internal Revenue Service today announced special Saturday hours for the next four months at Taxpayer Assistance Centers (TACs) across the country. The special Saturday availability across the nation will take place from 9 a.m. to 4 p.m., on Feb. 11, March 11, April 8,…
Top Facts Filers Should Know for IRS Opening Day 2023!
Opening Day for the IRS is Today January 23, 2023. The Internal Revenue Service kicked off the 2023 tax filing season with a focus on improving service and a reminder to taxpayers to file electronically with direct deposit to speed up refunds and avoid delays. Following a successful opening of its systems today, the IRS is now…
IRS Postpones Implementation Of $600 Form 1099-K Reporting By A Year
As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and impact on the upcoming filing season, industry and stakeholders urged the IRS to postpone the implementation of the new reporting requirements of Forms 1099-K. Good news: The IRS listened, and on Friday, December 23, the IRS issued Notice 2023-10 delaying the…
Are You a Tax Return Ghost Preparer?
With tax season approaching, the Internal Revenue Service (IRS) is again warning consumers and companies to avoid “ghost” tax return preparers. Are you a ghost preparer? Tax preparer fraud is a perennial issue and one which the IRS takes very seriously. All tax preparers in the U.S. are required to identify their role in preparing a return…
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