RefundtalkThe 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 they file a complete and accurate tax return and avoid refund delays. Taxpayers should have all necessary records handy, such…
Category Archives: IRS NEWS
IRS urges taxpayers to gather tax documents now for smooth filing later
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 W-2s, 1099s, receipts, canceled checks and other documents that support an item of income, or a deduction or credit, appearing…
Important reminders before filing 2020 tax returns
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 accurate and fastest way to get a refund is to electronically file and choose direct deposit. Direct deposit means any…
IRS Allows Temporary Use of E-Signatures for Numerous Tax Forms
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 previously required a handwritten signature. The IRS is making this temporary allowance to help reduce in-person contact and the associated…
Treasury, IRS launches a new tool to help non-filers register for Economic Impact Payments
IRS.gov feature helps people who normally don’t 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 Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file…
IRS urges taxpayers to use electronic options
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 in compliance with orders of local health authorities around the country, certain IRS services such as live assistance on telephones,…
IRS Mission-Critical Functions Continue During COVID-19 to Assist Taxpayers
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 with mission-critical functions to support the nation, and that includes accepting tax returns and sending refunds. “As a federal agency…
IRS extends tax deadline to July 15 from April 15
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 the agency extended the tax-payment deadline to July 15, 2020. Millions of taxpayers now have an extra three months to…
Avoid the rush after Presidents Day holiday; Use IRS’ online tools to get help
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 22, the day after Presidents Day will…
IRS launches Identity Theft Central
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 protection for taxpayers, tax professionals and businesses. Located on IRS.gov, Identity Theft Central is available 24/7 at irs.gov/identitytheft. It is a…
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