FS-2018-11, May 2018 - When a tax return’s information doesn’t match data reported to the Internal Revenue Service by employers, banks and other third parties, the IRS will send a letter to the taxpayer.
FS-2018-7, April 2018 — In a global economy, many people in the United States have foreign financial accounts. The law requires owners of foreign financial accounts to report their accounts to the U.S Treasury Department, even if the accounts don’t generate any taxable income.
FS-2018-5, March 2018 — More than 83 million taxpayers paid someone to prepare their federal tax return in 2017. Generally, anyone who gets paid to prepare or help prepare a federal tax return must have a PTIN.
FS-2018-4, March 2018 — The IRS expects taxpayers to file about 155 million federal tax returns this year. The tax agency and its partners offer some free options for taxpayers who prepare and file their own 2017 tax return.
FS-2018-01, January 2018 - The Earned Income Tax Credit is a financial boost for families with low- or moderate- incomes. Millions of workers may qualify for the first time this year due to changes in their marital, parental or financial status.