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.
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).
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.
January 15, 2019 — Due to the lapse in appropriations, most 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.
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.
January 9, 2019 — Following an extensive review, the IRS began processing requests on Jan. 7 for transcript information made through the Income Verification Express Service (IVES) program.
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.
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).
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.
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.
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).
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.
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.
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.
IR-2018-250, December 13, 2018 — The Internal Revenue Service issued proposed regulations today on the section 59A base erosion and anti-abuse tax.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
IR-2018-235, November 28, 2018 — The Internal Revenue Service issued proposed regulations today on foreign tax credits for businesses and individuals.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
IR-2018-224, November 16, 2018 — The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2019.
IR-2018-223, November 15, 2018 — The Internal Revenue Service today reminded small business taxpayers that changes to the tax law mean they can immediately expense more of the cost of certain business property.
IR-2018-222, November 15, 2018 — The Internal Revenue Service today announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
IR-2018-221, November 15, 2018 — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2018, including recommendations to the IRS on new and continuing issues in tax administration.
IR-2018-220, November 14, 2018 — Many taxpayers, at risk for having too little tax withheld from their pay, can avoid a surprise year-end tax bill by quickly updating the withholding form they give to their employer, according to the IRS.
IR-2018-219, November 14, 2018 — The Internal Revenue Service today released the Criminal Investigation Division’s (CI) annual report, reflecting significant accomplishments and criminal enforcement actions taken in fiscal year 2018.
IR-2018-218, November 9, 2018 —The IRS today reminded people, including those in disaster areas, who want to file a 2017 tax return electronically to do so by Saturday, Nov. 17, 2018.
IR-2018-217, November 7, 2018 ― More families will be able to get more money under the newly-revised Child Tax Credit, according to the IRS.
IR-2018-216, November 7, 2018 — The Treasury Department and the Internal Revenue Service today issued final regulations expanding the long-standing paid preparer due diligence requirement to include individual income tax returns claiming the head of household filing status.
IR-2018-215, November 6, 2018 — The IRS recently awarded over $24 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation.
IR-2018-214, November 5, 2018 — The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to submit their renewal applications as soon as possible.
IR-2018-213, November 2, 2018 — The Internal Revenue Service announced today an agreement with the Free File Alliance that will strengthen and expand taxpayer options for people choosing to use the free online software program during the 2019 filing season.
IR-2018-212, November 1, 2018 — The IRS announced today that the Internal Revenue Service Advisory Committee’s role will expand in 2019 to have a wider portfolio and incorporate two other advisory groups.
IR-2018-211, November 1, 2018 — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.
IR-2018-210, October 31, 2018 — The Internal Revenue Service today issued proposed regulations reducing the amount determined
under Internal Revenue Code section 956 for certain domestic corporations that own (or are treated as owning) stock in
controlled foreign corporations (CFCs).
IR-2018- 209, October 30, 2018 — The IRS today advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year.
IR-2018-208, October 24, 2018 — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2018 including numerous recommendations to the Internal Revenue Service on new and continuing issues in tax administration.
IR-2018-207, October 23, 2018 — The IRS today reminded the nation’s more than 768,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers for 2019.
IR-2018-206, October 19, 2018 —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.
IR-2018-205, October 18, 2018 — The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov.
IR-2018-204, October 16, 2018 — The IRS has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary emergency housing to individuals who are displaced by a major disaster from their principal residences, regardless of income.
IR-2018-203, October 16, 2018 — The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business.
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.
IR-2018-201, October 15, 2018 — Tax professionals can earn continuing education credits beginning today with the 2018 launch of the IRS Nationwide Tax Forums Online (NTFO).
IR-2018-200, October 15, 2018 — The Internal Revenue Service (IRS), in response to shortages of undyed diesel fuel caused by Hurricane Michael, will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in emergency response vehicles in the State of Florida.
IR-2018-199, October 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.
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.
IR-2018-197, October 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.
IR-2018-196, October 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.
IR-2018-195, October 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).
IR-2018-194, October 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.
IR-2018-193, September 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.
IR-2018-192, September 25, 2018 — The Internal Revenue Service has selected two new members for the Electronic Tax Administration Advisory Committee (ETAAC).
IR-2018-191, September 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.
IR-2018-190, September 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.
September 20, 2018 — Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.
IR-2018-189, September 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.
IR-2018-188, September 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.
IR-2018-187, September 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.
IR-2018-186, September 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.
IR-2018-185, September 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.
IR-2018-184, September 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.
IR-2018-183, September 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.
IR-2018-182, September 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.
IR-2018-181, September 7, 2018 ― The IRS today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2018.
IR-2018-180, September 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.
IR-2018-179, September 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.
IR-2018-178, September 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.
IR-2018-177, September 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.
IR-2018-176, September 4, 2018 – The Internal Revenue Service today reminded taxpayers they have until Sept. 28 to apply for the Offshore Voluntary Disclosure Program (OVDP).
IR-2018-175, August 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.
IR-2018-174, August 27, 2018 – Internal Revenue Service officials announced today changes to the Compliance Assurance Process program for 2019.
IR-2018-173, August 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.
IR-2018-172, August 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.
IR-2018-171, August 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.
IR-2018-170, August 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.
IR-2018-169, August 20, 2018 — The IRS today said that tax professionals wishing to attend the IRS Nationwide Tax Forum in Orlando can save $115.
IR-2018-168, August 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.
IR-2018-167, August 16, 2018 — The IRS urges taxpayers with children and other dependents to use the Withholding Calculator at IRS.gov to do a “paycheck checkup.”
IR-2018-166, August 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.
IR-2018-165, August 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.
IR-2018-164, August 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.
IR-2018-163, August 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.
August 9, 2018 — With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done a “Paycheck Checkup” to take a few minutes to see if they are having the right amount of tax withholding following major changes in the tax law.
IR-2018-162, August 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.
IR-2018-161, August 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.
IR-2018-160, August 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.
IR-2018-159, August 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.
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.
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.
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.
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.
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.
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.
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.
IR-2018-151, July 24, 2018 – The Internal Revenue Service and its Security Summit partners today urged all tax professionals to use strong passwords to protect accounts from cyberthieves and to consider encryption for all sensitive data.
IR-2018-150, July 17, 2018 – The Internal Revenue Service and the Security Summit partners outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.
IR-2018-149, July 12, 2018 — Before starting a summer job, taking a vacation or sending the kids off to camp, the IRS wants taxpayers to know that some summertime activities may qualify for tax credits or deductions.
IR-2018-148, July 11, 2018 — The IRS today is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as income that they should file Form 1040X, Amended U.S.
IR-2018-147, July 10, 2018 – The Internal Revenue Service and its Security Summit partners today kicked off a summertime security awareness campaign for tax professionals with a new, expanded guide providing critical steps to protect client data and highlighting available resources.
IR-2018-146, June 29, 2018 – As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.
IR-2018-145, June 28, 2018 — Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the IRS.
IR-2018-144, June 27, 2018 — The Electronic Tax Administration Advisory Committee (ETAAC) today released its annual report, featuring numerous recommendations on a range of issues in electronic tax administration.
IR-2018-143, June 27, 2018 — National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report to Congress that presents a review of the 2018 filing season, identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year and contains the IRS’s responses to each of the 100 administrative recommendations the Advocate made in her 2017 Annual Report to Congress.
IR-2018-139, June 15, 2018 – People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.
IR-2018-138, June 14, 2018 — With tax reform bringing major changes for the year ahead, the IRS today reminded self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the second estimated tax payment for 2018 is due on Friday, June 15, 2018.
IR-2018-137, June 14, 2018 — With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the IRS today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year.
IR-2018-136, June 8, 2018 — The IRS today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2018, as they were in the quarter that began on April 1.
IR-2018-134, June 8, 2018 — A private college or university, subject to the new 1.4 percent excise tax on net investment income, that sells property at a gain generally may use the property’s fair market value at the end of 2017 as its basis for figuring the tax on any resulting gain, the IRS said today.
IR-2018-132, June 7, 2018 ― With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters.
IR-2018-131, June 4, 2018 -- The Internal Revenue Service (IRS) today announced that it will waive certain late-payment penalties relating to the section 965 transition tax, and provided additional information for individuals subject to the section 965 transition tax regarding the due date for relevant elections.
IR-2018-129, May 31, 2018 — With tax season completed, the Internal Revenue Service today warned taxpayers to remain vigilant for phishing emails and telephone scams.
IR-2018-128, May 29, 2018 — The IRS today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe to the IRS.
IR-2018-127, May 25, 2018 — The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: move related vehicle expenses; un-reimbursed employee expenses; and, vehicle expensing.
IR-2018-126, May 25, 2018 — Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service.
IR-2018-125, May 24, 2018 — The IRS and its state and industry Security Summit partners today warned tax practitioners to beware of phishing emails posing as state accounting and professional associations.
IR-2018-124, May 24, 2018 — The Internal Revenue Service urges two-income families and those who work multiple jobs to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from their paychecks.
IR-2018-123, May 23, 2018 –– The Internal Revenue Service today released a new five-year Strategic Plan outlining goals to improve taxpayer service and tax administration.
IR-2018-122, May 23, 2018 — The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.
IR-2018-120, May 16, 2018 — The IRS encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.”
IR-2018-119, May 10, 2018 – The Internal Revenue Service today warned of a new twist tied to an old scam aimed at international taxpayers and non-resident aliens.
IR-2018-118, May 9, 2018 — The Internal Revenue Service today encouraged taxpayers who work seasonal jobs or are employed part of the year to visit the Withholding Calculator and perform a “paycheck checkup.”
IR-2018-116, May 7, 2018 — The Internal Revenue Service today introduced a new online tool on IRS.gov designed to provide faster, easier access to publicly available information about exempt organizations.
IR-2018-115, May 7, 2018 — The IRS reminds taxpayers who may be impacted by hurricanes and other natural disasters that now is a good time to begin preparing for one. National Hurricane Preparedness Week runs from May 6-12.
IR-2018-111, May 3, 2018 — The IRS, state tax agencies and the nation’s tax industry are warning small businesses to be on-guard against a growing wave of identity theft attempts against employers.
IR-2018-108, April 27, 2018 ― The Internal Revenue Service today issued guidance that provides relief for certain small employers that wish to claim the Small Business Health Care Tax Credit for 2017 and later years.
IR-2018-107, April 26, 2018 – The Internal Revenue Service today announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).
IR-2018-106, April 26, 2018 — With recent tax law changes and continued cybersecurity threats facing the tax community, the Internal Revenue Service today encouraged tax professionals to sign up for this summer’s Nationwide Tax Forums to get the latest information and developments.
IRS describes new tax reform information reporting requirements for certain life insurance contract transactions and provides transitional guidance delaying reporting until final regulations are issued
IR-2018-104, April 26, 2018 — The Internal Revenue Service today described the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act (TCJA)
IR-2018-103, April 24, 2018 — The IRS today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers to trick taxpayers into paying non-existent tax bills.
IR-2018-102, April 23, 2018 — While the federal income tax-filing deadline has passed for most people, there are some taxpayers still facing tax-related issues.
IR-2018-99, April 16, 2018 – Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes.
IR-2018-80, April 2, 2018 — The IRS today encouraged several key groups of taxpayers to perform a “paycheck checkup” to check if they are having the right amount of tax withholding following recent tax-law changes.
IR-2018-69, March 22, 2018 –– The IRS is reminding victims of Hurricane Maria in the U.S. Virgin Islands and in the Commonwealth of Puerto Rico that filing and payment activities have been further postponed beyond Jan. 31, 2018.
IR-2018-67, March 21, 2018 — The IRS recommended and the Department of the Treasury has approved the selection of 25 new members to serve on the nationwide Taxpayer Advocacy Panel.
IR-2018-66, March 21, 2018 — The IRS today concluded its annual "Dirty Dozen" list of tax scams with a warning to taxpayers to remain vigilant about these aggressive and evolving schemes throughout the year.
IR-2018-63, March 19, 2018 — The IRS today urged taxpayers to use a handy online tool to check the status of their federal tax accounts.
IR-2018-52, March 13, 2018 – The Internal Revenue Service today announced it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018.
IR-2018-50, March 13, 2018 — The IRS today granted many businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns.
IR-2018-36, February 28, 2018 — The IRS today released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.
February 9, 2018 - The IRS is reviewing the legislation signed Feb. 9 that retroactively extended and modified numerous tax provisions covering 2017
IR-2018-21, February 8, 2018 –The Internal Revenue Service today announced steep declines in tax-related identity theft in 2017, attributing the success to the Security Summit initiatives that help safeguard the nation’s taxpayers.
IR-2018-19, February 6, 2018— The Internal Revenue Service today announced that the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64.
IR-2017-4, January 11, 2018 — The Internal Revenue Service today announced the appointment of seven new members to the Internal Revenue Service Advisory Council (IRSAC).
IR-2018-3, January 10, 2018 — National Taxpayer Advocate Nina E. Olson today released her 2017 Annual Report to Congress, describing challenges the IRS will face as it implements the recently enacted tax reform legislation and unveiling a new publication, “The Purple Book,” that presents 50 legislative recommendations intended to strengthen taxpayer rights and improve tax administration.
December 26, 2017 — The IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22.
December 8, 2017 — IRS announced that taxpayers may resume creating new accounts protected by Secure Access authentication.
Get free materials to share with your customers, employees, volunteers, etc. about the Tax Cuts and Jobs Act.
Prepared comments, statements and remarks by the IRS Commissioner.
Filing season statistics showing cumulative and comparative totals.
This summarizes how the budget request will enable the agency to meet its strategic goals: improve customer service and enhance enforcement of the tax laws.
As the needs of the tax community and taxpayers continue to rapidly change, the IRS has intensified its efforts to pursue a Future State of tax administration, touching on a variety of projects and issues across the agency.
The IRS is outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the IRS.
May 15, 2013 — The IRS has received a variety of questions related to the exempt organization issues recently raised. The Q&As answer some basics on the issue.
The Fiscal Year 2017 Enforcement and Service Results (tables) provide the dollars collected from the examination (audit) and collection functions of the IRS. The results also tally the results of various taxpayer assistance programs.
A collection of recent news releases, statements and other items related to IRS compliance and enforcement efforts.
Tax tips, filing season news, and more.