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Beware of the Ghost Tax Preparer

2019-02-11T23:13:42+00:00February 11th, 2019|

 

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 […]

What To Expect During the Shutdown

2019-02-05T15:29:51+00:00February 5th, 2019|

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 […]

Official E-File Day Released

2019-02-12T16:17:51+00:00January 29th, 2019|

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 […]

Estimated Tax Penalty Waived for Many Taxpayers

2019-01-21T22:58:36+00:00January 21st, 2019|

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 […]

Official Efile Date Has Been Released by the IRS

2019-01-11T02:03:46+00:00January 11th, 2019|

 

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 […]

Delays to Tax Refunds Due to Government Shutdown

2019-01-04T01:40:01+00:00January 4th, 2019|

A protracted fight between President Donald Trump and Democratic congressional leaders to fund the government could delay payouts of tax refunds to millions of Americans who are owed money.
The country’s tax collector is among the federal agencies affected by the government shutdown, now in its second week.

Retirees Retirement Plan Distributions

2018-12-27T16:16:54+00:00December 27th, 2018|

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 […]

Attention Employers: New Tax Reform

2018-12-27T16:23:38+00:00December 18th, 2018|

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 […]

The IRS’s Newest Social Media Account: Instagram

2018-12-18T19:37:48+00:00December 7th, 2018|

 

 

The Internal Revenue Service has added Instagram as a new platform to their social media portfolio. This is to help all taxpayers understand and meet their tax responsibilities

Topics Included for Instagram

The IRS News account (https://www.instagram.com/irsnews) will provide taxpayers with the latest information on the tax law changes for the upcoming 2019 filing season. A […]