News & Events
IRS Announces 2015 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015
IR-2014-99, Oct. 23, 2014 — The IRS today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015.
Business E-File Jumps 10 Percent This Year; Doubles in 4 Years; 7 in 10 Corporate and Partnership Tax Returns Now Filed Electronically
IR-2014-98, Oct. 9, 2014 — Most corporations and partnerships are e-filing their tax returns; e-fiilng by these businesses increased by almost 10 percent from 2013 to 2014.
IRS Simplifies Procedures for Favorable Tax Treatment on Canadian Retirement Plans and Annual Reporting Requirements
IR-2014-97, Oct. 7, 2014 ― The IRS made it easier for taxpayers who hold interests in either of two popular Canadian retirement plans to get favorable U.S. tax treatment and took additional steps to simplify procedures for U.S. taxpayers with these plans.
IRS Seeks Applications for Advisory Committee for the Tax Exempt and Government Entities Division
IR-2014-96, Oct. 2, 2014 ― The IRS is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT).
Online Seminars from the 2014 IRS Nationwide Tax Forums are Now Available
IR-2014-95, Oct. 1, 2014 — Tax professionals can earn continuing professional education (CPE) credits online from IRS tax forums.
Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; 30 States Affected
IR-2014-94, Sept. 30, 2014 — Farmers and ranchers who previously were forced to sell livestock due to drought have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the IRS announced.
Tax-filing and Payment Extensions Expire Oct. 15; Check Eligibility for Overlooked Tax Benefits; Choose E-file; E-pay with New Direct Pay
IR-2014-93, Sept. 30, 2014 — The IRS today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system.
Tax Relief for Victims of Severe Storms and Flooding in Michigan
MI-2014-21, Sept. 26, 2014 — Victims of the severe storms and flooding that began on Aug.11, 2014 in parts of Michigan may qualify for tax relief from the IRS.
IRS Warns Financial Institutions of Scams Designed to Steal FATCA-Related Account Data
IR-2014-92, Sept. 24, 2014 — The IRS today issued a fraud alert for international financial institutions complying with FATCA about scammers posing as the IRS who solicit financial institutions seeking account holder identity and financial account information.
New YouTube Video Discusses Taxpayer Bill of Rights
IR-2014-91, Sept. 15, 2014 ― The IRS released a new YouTube video encouraging taxpayers to learn about the Taxpayer Bill of Rights.