- Avoid the rush: Fastest way to check tax refund is â€˜Where's My Refund?' tool at IRS.gov
National Taxpayer Advocate delivers annual report to Congress: Addresses impact of shutdown; urges more funding for IT modernization
- Farmers, fishermen face March 1 tax deadline; IRS encourages convenience of IRS Direct Pay
IR-2019-19, February 19, 2019 – The IRSreminds farmers and fishermen who chose to forgo making quarterly estimated tax payments that they must file their 2018 Form 1040 along with a payment for all taxes owed by Friday, March 1, 2019.
- Avoid the rush: Today marks busiest phone day of the year; check IRS.gov for answers to tax questions
IR-2019-18, February 19, 2019 – The Internal Revenue Service alerted taxpayers that today, the day after Presidents Day, marks the busiest period for calls to its toll-free help line.
- Avoid the rush: Get a tax transcript online
IR-2019-17, February 15, 2019 – The Internal Revenue Service today reminded taxpayers who need their prior-year tax records to either complete their 2018 tax return or to validate their income can use Get Transcript Online or Get Transcript by Mail.
- Avoid the rush: Be prepared to validate identity if contacting the IRS
IR-2019-16, February 14, 2019 – The Internal Revenue Service today reminded taxpayers and tax professionals that they will be asked to verify their identities if they call the IRS.
- IRS provides various payment options for taxpayers who owe but can't pay in full
IR-2019-15, February 13, 2019 – As the 2019 tax filing season gets into full swing, the IRS reminds taxpayers who owe of the many easy payment options.
- IRS provides a safe harbor method of accounting for passenger automobiles that qualify for the 100-percent additional first year depreciation
IR-2019-14, February 13, 2019 –The Treasury Department and the Internal Revenue Service issued guidance today that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent additional first year depreciation deduction and that are subject to the depreciation limitations for passenger automobiles.
- Avoid the rush: Pay taxes owed online or set up a payment plan
IR-2019-13, February 13, 2019 – The Internal Revenue Service today reminded taxpayers who may unexpectedly owe additional tax that there are many online options for payment as well as online options for applying for a payment plan for those who can not pay in full.
- Avoid the rush over Presidents Day holiday; online tools, resources can help
IR-2019-10, February 11, 2019 – With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the IRS is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily.
- IRS: Don't be victim to a â€˜ghost' tax return preparer
IR-2019-09, February 7, 2019 – Today, towards the end of the second full week of the 2019 tax filing season, the IRS warned taxpayers to avoid unethical tax return preparers, known as ghost preparers.
- IRS reminds employers, other businesses of Jan. 31 filing deadline for wage statements, independent contractor forms
IR-2019-08, January 29, 2019 – The Internal Revenue Service today reminds employers and other businesses of the Jan. 31 filing deadline that applies to filing wage statements and independent contractor forms with the government
- EITC Awareness Day reminds taxpayers to look into valuable credit; Volunteers available to help
IR-2019-06, January 25, 2019 – With today marking national EITC Awareness Day, the Internal Revenue Service wants to remind workers about the Earned Income Tax Credit and to correctly claim this important credit if they qualify.
- Due to Appropriations Lapse, Treasury and IRS Cancel Jan. 24 Public Hearing Regarding User Fees of Enrolled Agents and Enrolled Retirement Plan Agents
IR-2019-05, January 22, 2019 – The Treasury Department and the Internal Revenue Service today announced the cancellation of a public hearing on proposed amendments to the regulations relating to imposing user fees for enrolled agents and enrolled retirement plan agents (REG-122898-17) due to the lapse of appropriations.
- Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction
IR-2019-04, January 18, 2019 – Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).
- IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
IR-2019-03, January 16, 2019 – The Internal Revenue Service announced today that 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.
- IRS Free File opens today in advance of tax season
IR-2019-02, January 11, 2019 – An improved version of IRS Free File begins its 17th filing season today as a dozen private-sector partners offer their brand-name products to help eligible taxpayers navigate the new tax reform law and electronically prepare their tax returns.
- IRS confirms tax filing season to begin January 28
IR-2019-01, January 7, 2019 – 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.
- IRS issues guidance on Section 179 expenses and Section 168(g) depreciation under Tax Cuts and Jobs Act
IR-2018-257, December 21, 2018 – The IRS issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).
- IRS takes additional steps to protect taxpayer data; partners with tax professionals
IR-2018-256, December 19, 2018 – After working with the tax preparation community, the IRS today announced it would stop its tax transcript faxing service as of Feb. 4, 2019, and offer a more secure alternative to taxpayers and tax professionals.
- IRS: Make an estimated tax payment now to avoid a tax time surprise
IR-2018-255, December 19, 2018 – The IRS today advised employees, whose 2018 federal income tax withholding unexpectedly falls short of their tax liability for the year, that they can still avoid a tax-time surprise by making a quarterly estimated tax payment directly to the IRS.
- IRS issues guidance on changes to excess business and net operating losses
IR-2018-254, December 18, 2018 – The IRS issued guidance on excess business loss limitations and net operating losses following law changes in the Tax Cuts and Jobs Act (TCJA).
- IRS, Security Summit partners warn tax professionals of fake payroll direct deposit and wire transfer emails
IR-2018-253, December 17, 2018 – The IRS and its Security Summit partners today warned tax professionals of an uptick in phishing emails targeting them that involve payroll direct deposit and wire transfer scams.
- First plug-in electric vehicle manufacturer crosses 200,000 sold threshold;Tax credit for eligible consumers begins phase down on Jan. 1
IR-2018-252, December 14, 2018 – The IRS announced today that Tesla, Inc. has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the third quarter of 2018.
- IRS issues standard mileage rates for 2019
IR-2018-251, December 14, 2018 – The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
- IRS issues proposed regulations on key new international provision, the base erosion and anti-abuse tax
IR-2018-250, December 13, 2018 – The Internal Revenue Service issued proposed regulations today on the section 59A base erosion and anti-abuse tax.
- Wrongful incarceration exclusion reminder: Dec. 17 is deadline for older refund claims
IR-2018-249, December 13, 2018 – Wrongfully-incarcerated individuals, wishing to take advantage of the special retroactive tax exclusion, usually must file refund claims by Monday, Dec. 17, 2018, according to the IRS.
- IRS reminder: Deadline Dec. 31 for most retirees who must make required retirement plan distributions
IR-2018-248, December 11, 2018 – The Internal Revenue Service today reminded retirees born before July 1, 1948, that they usually must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.
- IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations
IR-2018-247, December 10, 2018 – The Internal Revenue Service today issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017.
- For private corporations and their employees, IRS provides initial guidance on new tax benefit for stock options and restricted stock units
IR-2018-246, December 7, 2018 – The Internal Revenue Service today issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax, for up to five years, on the value of qualified stock options and restricted stock units (RSUs) granted to them by their employers.
- IRS, Security Summit Partners warn tax professionals of high risk of data theft attacks
IR-2018-245, December 7, 2018 – Cybercriminals stepped up their attacks on tax professionals during 2018, prompting the IRS and the Security Summit partners to urge practitioners to take steps to protect client data and their computer networks from these threats.
- Interest Rates Increase for the First Quarter of 2019
IR-2018-244, December 6, 2018 – The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning January 1, 2019.
- Security Summit warns employers: Be alert to identity theft and W-2 scams
IR-2018-243, December 6, 2018 – As the 2019 tax season approaches, the IRS, state tax agencies and the nation's tax industry joined together to warn small businesses to be on-guard against a growing wave of identity theft and W-2 scams.
- IRS: Taxpayers have extra day to file and pay; Returns and payments due Dec. 5 are now due Dec. 6
IR-2018-242, December 4, 2018 – The Internal Revenue Service today granted taxpayers an extra day, until Thursday, Dec. 6, 2018 to file any return or pay any tax originally due on Wednesday, Dec. 5.
- Security Summit Partners highlight new password guidance, urge taxpayers and practitioners to protect all accounts
IR-2018-241, December 4, 2018 – To help protect against cybercriminals stealing identities, the IRS, state tax agencies and the nation's tax industry urged people to review new, stronger standards to protect the passwords of their online accounts.
- IRS sees surge in email phishing scams; Summit Partners urge taxpayers: â€˜Don't Take the Bait'
IR-2018-240, December 4, 2018 – With the approach of the holidays and the 2019 filing season, the IRS, state tax agencies and the nation's tax industry warned people to be on the lookout following a surge of new, sophisticated email phishing scams.
- IRS reminds those with disabilities of new ABLE account benefits
IR-2018-239, December 4, 2018 – The Internal Revenue Service wants to remind those with disabilities that the Tax Cuts and Jobs Act (2017) made major changes to Achieving a Better Life Experience (ABLE) accounts.
- IRS, Security Summit Partners warn public: It's shopping season for identity thieves, too; Tax Security Awareness Week offers tips
IR-2018-238, December 3, 2018 – With the holiday shopping season in full swing, the Internal Revenue Service and Security Summit partners warn taxpayers to take extra steps to protect their tax and financial data from identity thieves.
- IRS launches Instagram account to help taxpayers: Agency adds social media platform to reach more taxpayers, share timely information on filing season, tax law changes, tax scams
IR-2018-237, November 30, 2018 – As part of a larger mission of helping all taxpayers understand and meet their tax responsibilities, the IRS announced today its debut on Instagram, adding this platform to its social media portfolio.
- Proposed hardship withdrawal regulations include relief for disaster victims: Retirement plans can now make loans, hardship distributions to victims of Hurricanes Michael and Florence
IR-2018-236, November 29, 2018 – The IRS recently announced that 401(k) plans and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Michael and Hurricane Florence and to members of their families.
- IRS issues proposed regulations on foreign tax credits
IR-2018-235, November 28, 2018 – The Internal Revenue Service issued proposed regulations today on foreign tax credits for businesses and individuals.
- Get Ready for Taxes: Many options available for preparing a 2018 tax return
IR-2018-234, November 28, 2018 – The IRS is advising taxpayers that now is a good time to decide how to prepare and file their 2018 tax return.
- IRS issues proposed regulations on new business interest expense deduction limit
IR-2018-233, November 26, 2018 – The Internal Revenue Service issued proposed regulations today for a provision of the Tax Cuts and Jobs Act, which limits the business interest expense deduction for certain taxpayers.
- Get Ready for Taxes: Safekeeping tax records helps for future filing, amended returns, audits
IR-2018-232, November 26, 2018 – With the tax filing season quickly approaching, the Internal Revenue Service wants taxpayers to understand how long to keep tax returns and other documents.
- IRS reminds employers, business owners of Jan. 31 filing deadline for wage statements, independent contractor forms
IR-2018-231, November 21, 2018 – The IRS today reminded employers and other businesses that Jan. 31 remains the filing deadline for wage statements and independent contractor forms.
- Get Ready for Taxes: Tax reform changes likely to reduce number of taxpayers who itemize
IR-2018-230, November 21, 2018 – The IRS today advised taxpayers that the doubling of the standard deduction due to tax law changes is likely to reduce the number of taxpayers who normally itemize.
- Treasury, IRS: Making large gifts now won't harm estates after 2025
IR-2018-229, November 20, 2018 – Today the IRS announced 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.
- Security Summit plans National Tax Security Awareness Week, Dec. 3-7; New Twitter handle launched, â€˜Dark Web' webinar planned
IR-2018-228, November 20, 2018 – With the approach of the holidays and the upcoming tax season, the Internal Revenue Service, state tax agencies and the nation's tax industry will sponsor a nationwide campaign in December urging people to better protect their sensitive tax and financial data.
- Like-kind exchanges now limited to real property
IR-2018-227, November 19, 2018 – The Internal Revenue Service today reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property.
- IRS warns of â€œTax Transcriptâ€ email scam; dangers to business networks
IR-2018-226, November 19, 2018 – The IRS and Security Summit partners today warned the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware.
- Get Ready for Taxes: Get 2018 tax documents ready for upcoming filing season
IR-2018-225, November 19, 2018 – The IRS reminds taxpayers to keep a copy of their past tax returns and supporting documents for at least three years.