IR-2019-199, December 5, 2019 – The Internal Revenue Service today released the Criminal Investigation Division's (CI) annual report, highlighting significant successes and criminal enforcement actions taken in fiscal year 2019.
IR-2019-198, December 5, 2019 – Amid threats from cybercriminals, the IRS, state tax agencies and the tax industry urged employers large and small to step up cybersecurity protections against business identity theft
IR-2019-197, December 4, 2019 – The Internal Revenue Service today reminded employers and other businesses that wage statements and independent contractor forms still have a January 31 filing deadline.
IR-2019-196, December 4, 2019 – With millions of people logging in to websites and online accounts this holiday season, the IRS and the Security Summit partners remind taxpayers that common mistakes can increase their of risk having sensitive financial and tax data stolen by identity thieves.
IR-2019-195, December 3, 2019 – As the holiday season approaches, the IRS and Security Summit partners warned taxpayers to watch out for phishing scams in the deluge of holiday email messages coming from retailers and others.
IR-2019-194, December 2, 2019 – The Internal Revenue Service issued final regulations and proposed regulations today on the base erosion and anti-abuse tax.
IR-2019-193, December 2, 2019 – The Internal Revenue Service issued final regulations today on the Foreign Tax Credit, a long-standing tax benefit that generally allows individuals and businesses to claim a credit for income taxes paid or accrued to foreign governments.
IR-2019-192, December 2, 2019 – The Internal Revenue Service and the Security Summit partners opened this year's National Tax Security Awareness Week with a warning for holiday shoppers on Cyber Monday to secure their computers and mobile phones to reduce the threat of identity theft.
IR-2019-191, November 26, 2019 – As tax filing season approaches, the Internal Revenue Service cautions taxpayers not to rely on receiving their refund by a certain date, especially when making major purchases or paying bills. Some tax returns may require additional review and those refunds may take longer.
IR-2019-190, November 26, 2019 – The Internal Revenue Service today issued guidance for business travelers, updated to include changes resulting from the Tax Cuts and Jobs Act (TCJA).
IR-2019-189, November 22, 2019 – The Treasury Department and the IRS today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.
IR-2019-188, November 22, 2019 – The IRS recently awarded more than $9.8 million in TCE grants to organizations that provide free federal tax return preparation.
IR-2019-187, November 20, 2019 – The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2019, including recommendations to the IRS on new and continuing issues in tax administration.
IR-2019-186, November 19, 2019 – The IRS today reminded tax professionals to review their e-Services account to ensure all contact information is accurate and to add or remove users. Reviewing e-Services information is just one of the tasks tax pros should complete now to get ready for 2020.
IR-2019-185, November 18, 2019 –The IRS, state tax agencies and the nation's tax industry today announced that the 4th Annual National Tax Security Awareness Week will take place between December 2 and December 6.
IR-2019-183, November 14, 2019 – The Internal Revenue Service today issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act (TCJA).
IR-2019-182, November 12, 2019 – The IRS announced today a significant increase in enforcement actions for syndicated conservation easement transactions, a priority compliance area for the agency.
IR-2019-181, November 7, 2019 - With the tax filing season quickly approaching, the Internal Revenue Service recommends taxpayers take time now to determine if they are eligible for important tax credits.
IR-2019-180, November 6, 2019 – The IRS today announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
IR-2019-179, November 6, 2019 – The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year.
IR-2019-178, October 31, 2019 – The Internal Revenue Service today urged taxpayers to act now to avoid a tax-time surprise and ensure smooth processing of their 2019 federal tax return.
IR-2019-177, October 25, 2019 –The Internal Revenue Service today issued final regulations on the new information reporting requirements for certain life insurance contract transactions
IR-2019-176, October 23, 2019 – The Internal Revenue Service today urged tax return preparers to start the upcoming 2020 filing season smoothly by renewing their Preparer Tax Identification Numbers now.
IR-2019-175, October 22, 2019 – The IRS today urged families and teens to stay vigilant in protecting personal information while connected to the internet.
IR-2019-174, October 21, 2019 – Tax professionals can earn continuing education credits online by taking seminars recorded at the 2019 IRS Nationwide Tax Forums.
IR-2019-173, October 21, 2019 – With the Oct. 31 quarterly payroll tax return due date just around the corner, the IRS today urged business owners to take advantage of the speed and convenience of filing these returns electronically.
IR-2019-172, October 21, 2019 – The IRS is joining an international coalition in launching the second annual International Charity Fraud Awareness Week (ICFAW).
IR-2019-171, October 18, 2019 – The Internal Revenue Service today wants small business owners who are employers to know that the Electronic Federal Tax Payment System has features that can help them in meeting their tax obligations. EFTPS can help employers whether they prepare and submit payroll taxes themselves or if they hire a payroll service provider to do it on their behalf.
IR-2019-170, October 15, 2019 – The Internal Revenue Service has selected nine new members for the Electronic Tax Administration Advisory Committee (ETAAC).
IR-2019-169, October 15, 2019 – As part of National Work and Family Month, the IRS reminds military families that they often qualify for specific tax rules and benefits.
IR-2019-168, October 10, 2019 –Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed more quickly and avoid refund delays next year by submitting their renewal application soon, the Internal Revenue Service said today.
IR-2019-167, October 9, 2019 – As part of a wider effort to assist taxpayers and to enforce the tax laws in a rapidly changing area, the Internal Revenue Service today issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency.
IR-2019-166, October 8, 2019 – The IRS is participating in National Work and Family Month by issuing a series of informative tips on work-life balance throughout the month of October.
IR-2019-165, October 8, 2019 – Internal Revenue Service officials today announced that a new payment option has been added to the private debt collection program to make it easier for those who owe to pay their tax debts.
IR-2019-164, October 7, 2019 – Victims of Tropical Storm Imelda in parts of Texas, including the Houston area, have until Jan. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
IR-2019-163, October 7, 2019 – Taxpayers who requested the six-month filing extension should complete their tax returns and file on or before the Oct. 15 deadline.
IR-2019-162, October 1, 2019 – The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provides relief to certain U.S. persons that own stock in certain foreign corporations.
IR-2019-161, September 30, 2019 – Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the IRS.
IR-2019-160, September 30, 2019 – Today the IRS issued a draft of the tax year 2019 Form 1065, U.S. Return of Partnership Income, and its Schedule K-1, Partner's Share of Income, Deductions, Credits, etc.
IR-2019-159, September 26, 2019 – IRS releases new Tax Gap estimates; compliance rates remain substantially unchanged from prior study
IR-2019-158, September 24, 2019 – The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or business for purposes of the qualified business income deduction under section 199A of the Internal Revenue Code (section 199A deduction).
IR-2019-157, September 16, 2019 – The Internal Revenue Service announced today the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.
IR-2019-156, September 13, 2019 – The Treasury Department and the Internal Revenue Service today released final regulations and additional proposed regulations under section 168(k) of the Internal Revenue Code on the new 100% additional first year depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service by the business.
IR-2019-155, September 13, 2019 – The new Tax Withholding Estimator, launched last month on IRS.gov, includes user-friendly features designed to help retirees quickly and easily figure the right amount of tax to be taken out of their pension payments.
IR-2019-154, September 12, 2019 – The Internal Revenue Service announced today the opening of the application period for the 2020 Compliance Assurance Process program.
IR-2019-153, September 11, 2019 – The Internal Revenue Service today announced that Darren Guillot has been selected as the Deputy Commissioner for Collection and Operations Support in the Small Business/Self-Employed Division (SB/SE) and De Lon Harris has been selected as the Deputy Commissioner for Examination.
IR-2019-152, September 9, 2019 – With major tax reform now in its second year and taxpayers seeing its full effect on 2018 returns, the Internal Revenue Service today reminded people who pay estimated tax that their third quarter payment for 2019 is due Monday, Sept. 16.
IR-2019-151, September 6, 2019 – The IRS today announced new procedures that will enable certain individuals who relinquished their U.S. citizenship to come into compliance with their U.S. tax and filing obligations and receive relief for back taxes.
IR-2019-150, September 6, 2019 – The Internal Revenue Service today issued proposed regulations clarifying the reporting requirements generally applicable to tax-exempt organizations.
IR-2019-149, September 4, 2019 – The IRS said today that the new Tax Withholding Estimator tool includes a feature designed to make it easier for employees who also receive self-employment income to accurately estimate the right amount of tax to have taken out of their pay.