WASHINGTON — Kicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service warns taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft.
The IRS warns taxpayers, businesses and tax professionals to be alert for a continuing surge of fake emails, text messages, websites and […]
In order to combat identity theft and fraud, the IRS may require additional information as part of the Taxpayer Protection Program. Failure to provide this information may result in the IRS flipping the taxpayer’s disbursement to an IRS-mailed check.
In these situations we do not receive your client’s refund, so we can’t collect your fees, […]
The Internal Revenue Service is warning taxpayers to avoid unethical tax return preparers, known as ghost preparers.
By law, anyone who is paid to prepare or assist in preparing federal tax returns must have a valid 2019 Preparer Tax Identification Number, or PTIN. Paid preparers must sign the return and include their PTIN.
But ‘ghost’ preparers do […]
Many IRS operations are closed during the shutdown. An IRS-wide furlough began on December 22, 2018, that affects many operations.
During this period, the IRS reminds taxpayers that the underlying tax laws remain in effect, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns […]
IR-2019-07, January 28, 2019
WASHINGTON ― The Internal Revenue Service successfully opened the 2019 tax-filing season today as the agency started accepting and processing federal tax returns for tax year 2018. Despite the major tax law changes made by the Tax Cuts and Jobs Act, the IRS was able to open this year’s tax-filing season one […]
WASHINGTON — The Internal Revenue Service announced 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 the year.
The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax […]
WASHINGTON ― 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.
“We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the […]
IRS reminder: Deadline Dec. 31 for most retirees who must make required retirement plan distribution
Retirees born before July 1, 1948, are required to take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.
The payments, called required minimum distributions (RMDs), are normally made by the end of the year. Those who reached age […]
New Tax Reform
A new business tax credit is available to eligible employers who provided paid family and medical leave to their employees during tax years 2018 and 2019. This new employer credit for family and medical leave is part of tax reform legislation passed in December 2017. Here are some facts about the credit to help […]