- IRS extends Oct. 15 and other deadlines for more counties hit by Hurricanes Michael, Florence; Additional areas in Florida, Georgia, North Carolina, South Carolina and Virginia covered
IR-2018-202, October 15, 2018 – After additional disaster declarations by FEMA, the IRS has added more counties that are eligible for individual and public assistance in areas of Florida and Georgia affected by Hurricane Michael.
- Seminars from the 2018 IRS Nationwide Tax Forums available online now
IR-2018-201, Oct. 15, 2018 – Tax professionals can earn continuing education credits beginning today with the 2018 launch of the IRS Nationwide Tax Forums Online (NTFO).
- IRS extends Oct. 15 and other upcoming deadlines, provides expanded tax relief for victims of Hurricane Michael
IR-2018-199, Oct. 12, 2018 – Hurricane Michael victims in parts of Florida and elsewhere have until Feb. 28, 2019, to file certain individual and business tax returns and make certain tax payments, the IRS announced today.
- Extension filers can still get tax help before Oct. 15 deadline
IR-2018-198, October 10, 2018 – The IRS reminds taxpayers who filed extensions that electronic filing and other options for help with taxes are still available before the Oct. 15 deadline.
- IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes
IR-2018-197, Oct. 9, 2018 – With just a few months left in tax year 2018, the IRS today urges small business owners to learn about how the new tax law changes may affect them.
- For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017
IR-2018-196, Oct. 4, 2018 – The IRS today reminds business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent depreciation deduction, that they have a limited time to file the required election with the IRS.
- IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
IR-2018-195, Oct. 3, 2018 – The IRS issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA).
- Oct. 15 tax-filing extension deadline approaches for millions of taxpayers
IR-2018-194, Oct. 2, 2018 – The IRS today urged taxpayers who requested the six-month filing extension to double check their tax returns and file on or before the mid-October deadline.
- IRS alerts taxpayers: Scammers scheming around Oct. 15 deadline; Here's what to do
IR-2018-193, Sept. 27, 2018 – The IRS is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season approaches.
- IRS selects two new members for the Electronic Tax Administration Advisory Committee
IR-2018-192, September 25, 2018 – The Internal Revenue Service has selected two new members for the Electronic Tax Administration Advisory Committee (ETAAC).
- New employer tax credit for paid family and medical leave available for 2018 and 2019
IR-2018-191, Sept. 24, 2018 – Today the IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019.
- IRS: 2018 employer reimbursements for employees' 2017 moves are generally tax-free
IR-2018-190, Sept. 21, 2018 – Employer payments or reimbursements in 2018 for employees' moving expenses incurred prior to 2018 are excluded from the employee's wages for income and employment tax purposes, the IRS announced today.
- IRS announces waiver of dyed fuel penalty in North Carolina due to Hurricane Florence
IR-2018-189, Sept. 18, 2018 - The Internal Revenue Service, in response to shortages of undyed diesel fuel caused by Hurricane Florence, will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in the State of North Carolina.
- IRS warns of scams related to natural disasters
IR-2018-188, Sept. 18, 2018 – In the wake of Hurricane Florence, the IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters.
- IRS extends upcoming deadlines, provides tax relief for victims of Hurricane Florence
IR-2018-187, Sept. 15, 2018 – Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.
- IRS issues proposed regulations on global intangible low-taxed income for U.S. shareholders
IR-2018-186, Sept. 13, 2018 – The Internal Revenue Service issued proposed regulations today (LINK) concerning global intangible low-taxed income, and related sections of the Internal Revenue Code.
- Tax Security 101: Security Summit outlines data theft reporting process for tax professionals; speed helps protect taxpayers
IR-2018-185, Sept. 11, 2018 – The IRS and its Security Summit partners today reminded tax professionals that they should report data theft immediately and follow an established process for helping the IRS protect their clients.
- IRS reminder: Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes
IR-2018-184, Sept. 11, 2018 – With tax reform bringing major changes for the current tax year, the Internal Revenue Service today reminded small businesses, self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the third estimated tax payment for 2018 is due on Monday, Sept. 17, 2018.
- IRS urges taxpayers to prepare for natural disasters
IR-2018-183, Sept. 10, 2018 – Because a natural disaster can strike any time, the IRS is reminding individuals and businesses to take time now and create or update their emergency preparedness plan.
- Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17
IR-2018-182, Sept 10, 2018 – With the last third of the year now in full view, the IRS today reminded small business and self-employed taxpayers of the importance of meeting their tax obligations. Part of those obligations normally include making quarterly estimated tax payments.
- Interest rates remain the same for the fourth quarter of 2018
IR-2018-181, Sept. 7, 2018 – The IRS today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2018.
- Retirees: Avoid a surprise tax bill; get enough tax taken out of pension payments; IRS Withholding Calculator can help
IR-2018-180, Sept. 7, 2018 – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today urged retirees to make sure they are paying in enough tax during the year by using the Withholding Calculator, available on IRS.gov.
- Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments
IR-2018-179, Sept. 6, 2018 – With nearly 10 million U.S. taxpayers facing a penalty for underpayment of estimated tax last year, the Internal Revenue Service urges taxpayers to plan ahead, understand their options and avoid the penalty when they file in early 2019.
- Clarification for business taxpayers: Payments under state or local tax credit programs may be deductible as business expenses
IR-2018-178, Sept. 5, 2018 – Business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive state or local tax credits can generally deduct the payments as business expenses, the Internal Revenue Service said today.
- Tax Security 101: IRS, Summit Partners detail warning signs of client data theft; urge tax professionals to remain alert
IR-2018-177, Sept. 4, 2018 – The IRS, state tax agencies and the tax industry today called on tax professionals to be alert to the subtle signs of data theft, noting continuing cases where practitioners are victims of theft and don't even know it.
- IRS: Offshore Voluntary Compliance Program to end Sept. 28
IR-2018-176, Sept. 4, 2018 – The Internal Revenue Service today reminded taxpayers they have until Sept. 28 to apply for the Offshore Voluntary Disclosure Program (OVDP).
- Tax Security 101: Security Summit reminds professional tax preparers of data security plan requirements
IR-2018-175, Aug. 28, 2018 – The IRS and Security Summit partners reminded tax professionals that protecting taxpayer information isn't just good for the clients and good for business – it's also the law.
- IRS announces adjustments to the Compliance Assurance Process (CAP) program
IR-2018-174, Aug. 27, 2018 – Internal Revenue Service officials announced today changes to the Compliance Assurance Process program for 2019.
- New law makes clear: Combat-zone contract workers qualify for foreign earned income exclusion
IR-2018-173, Aug. 24, 2018 – Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion.
- Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits
IR-2018-172, Aug. 23, 2018 – Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.
- IRS to introduce new tax transcript to better protect taxpayer data
IR-2018-171, Aug. 22, 2018 – Moving to better protect taxpayer data, the IRS today announced a new format for individual tax transcripts that will redact personally identifiable information from the Form 1040 series.
- Tax Security 101: Security Summit urges tax professionals to educate all employees about data security, computing safeguards
IR-2018-170, Aug. 21, 2018 – The IRS and its Security Summit partners today called on tax professionals to step up security education for all office employees, including themselves, to better protect taxpayer data and help prevent fraudulent return filings.
- Registration for Orlando IRS Nationwide Tax Forum ends soon; Save money by registering before Aug. 28
IR-2018-169, Aug. 20, 2018 – The IRS today said that tax professionals wishing to attend the IRS Nationwide Tax Forum in Orlando can save $115.
- For people involved in the sharing economy: Do a â€˜Paycheck Checkup' now, avoid a surprise year-end tax bill
IR-2018-168, Aug. 17, 2018 – The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected tax bill when they file their return next year.
- Taxpayers with children, other dependents should check their withholding soon
IR-2018-167, Aug. 16, 2018 – The IRS urges taxpayers with children and other dependents to use the Withholding Calculator at IRS.gov to do a "paycheck checkup."
- Key tax change affects taxpayers with dependents; IRS urges workers to check withholding
IR-2018-166, Aug. 15, 2018 – The IRS urges taxpayers who support dependents who can't be claimed for the Child Tax Credit to do a paycheck checkup soon.
- Taxpayers with high incomes, complex returns: Check withholding soon
IR-2018-165, Aug. 14, 2018 – The Internal Revenue Service today urged high-income taxpayers and those with complex tax returns to check their withholding soon to avoid an unexpected tax bill or penalty when they file their 2018 federal income tax return in 2019.
- Tax Security 101: Tax professionals must maintain, protect EFINs; Monitor EFINs, PTINs and CAF numbers
IR-2018-164, Aug. 14, 2018 – The IRS and the Security Summit partners warned tax professionals that savvy cybercriminals target IRS-issued identification numbers to help impersonate practitioners as well as taxpayers.
- Got a big tax refund? Use IRS Withholding Calculator to boost take-home pay in 2018
IR-2018-163, Aug. 13, 2018 – Taxpayers who received large refunds earlier this year may be able to get more of their money included in their paychecks during the rest of 2018 by using the Withholding Calculator on IRS.gov.
- IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
IR-2018-162, Aug. 8, 2018 – The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.
- Tax Security 101 â€“ Tax professionals victimized by data thefts offer hard-won security lessons to colleagues
IR-2018-161, Aug. 7, 2018 – As cybercriminals continue to increasingly pursue tax professionals' data, the IRS and the Security Summit partners today released lessons learned by victims in the tax community to help others avoid being targeted by identity thieves.
- IRS issues guidance on small business accounting method changes under Tax Cuts and Jobs Act
IR-2018-160, Aug. 3, 2018 – The IRS issued guidance today on new tax law changes that allow small business taxpayers with average annual gross earnings of $25 million or less in the prior three-year period to use the cash method of accounting.
- Treasury, IRS issue proposed regulations on new 100 percent depreciation
IR-2018-159, Aug. 3, 2018 – The Treasury Department and the Internal Revenue Service today issued proposed regulations on the new 100-percent depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.
- IRS and Treasury issue proposed regulations implementing Section 965
IR-2018-158, August 1, 2018 – The Internal Revenue Service and the Department of the Treasury today issued proposed regulations on section 965 of the Internal Revenue Code.
- Tax Security 101: Security Summit reminds tax professionals to beware of spear phishing emails
IR-2018-157, July 31, 2018 – The IRS and its Security Summit partners today reminded tax professionals that being targeted by spear phishing emails remains the most common way data thieves enter practitioner's digital networks and steal client information.
- IRS offers guidance on recent 529 education savings plan changes
IR-2018-156, July 30, 2018 – The Internal Revenue Service and Department of the Treasury today announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans.
- IRS imposes monetary penalty and probationary period on tax practitioner and his debt-relief firm for engaging in false and misleading advertising
IR-2018-155, July 25, 2018 – The IRS today announced its Office of Professional Responsibility (OPR) reached a settlement agreement including a monetary penalty with a tax practitioner for violating professional rules of conduct set forth in Circular 230.
- IRS censures tax practitioner for willfully mishandling conflicts of interest
IR-2018-154, July 25, 2018 – The Internal Revenue Service today announced its Office of Professional Responsibility (OPR) censured a tax practitioner for violating conflict of interest rules under Circular 230.
- IRS reminds truckers: E-file highway use tax return by Aug. 31
IR-2018-153, July 25, 2018 – The Internal Revenue Service today reminded owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2018.
- Registration for Chicago IRS Nationwide Tax Forum closes Aug. 7; Late or on-site registration available, but more costly
IR-2018-152, July 24, 2018 – Tax professionals wishing to attend the IRS Nationwide Tax Forum in Chicago can save $115 by registering by Aug. 7, according to the Internal Revenue Service.