Fact Sheets 2019

Special IRS efforts to focus on tax compliance, education begin

FS-2019-15, November 2019 ― As part of a larger effort by the Internal Revenue Service to ensure fairness in the tax system, the IRS is taking steps to conduct special compliance efforts for individual and business taxpayers in various communities.

Tax treatment for family members working in the family business

FS-2019-14, October 2019 ― One of the advantages of someone running their own business is hiring family members.

Tax situations when taking care of a family member

FS-2019-13, October 2019 ― Families often hire individuals to care for children and dependents in their home, so family members can work or actively look for work.

Employers may claim tax credit for providing paid family and medical leave to employees

FS-2019-12, October 2019 ― Employers who provide paid family and medical leave to their employees may claim a credit for tax years 2018 and 2019.

Understanding the latest Tax Gap estimates and overall taxpayer compliance

FS-2019-11, September 2019 - The Internal Revenue Service periodically estimates the tax gap to gauge historical overall compliance of all types of taxpayers with their federal tax obligations.

IRS explains CP2000 notices sent to taxpayers when their tax return doesn’t match information from 3rd parties

FS-2019-10, June 2019 - 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.

IRS Modernization Plan provides plan to improve services for taxpayers, tax community

FS-2019-9, April 2019 - The multi-year IRS Modernization Plan includes dozens of initiatives to improve how the agency interacts with taxpayers and the tax community while continuing to strengthen cybersecurity protections and information technology systems.

Facts About the Qualified Business Income Deduction

FS-2019-8, April 2019 - Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction.

Understand how to report foreign bank and financial accounts

FS-2019-7, April 2019 - In a global economy, many people in the United States have foreign financial accounts.

Basics of estimated taxes for individuals

FS-2019-6, April 2019 - The U.S. tax system operates on a pay-as-you-go basis. This means that taxpayers need to pay most of their tax during the year, as the income is earned or received.

What are the benefits of filing and paying my taxes on time? IRS options can help

FS 2019-5, April 2019 ― The IRS reminds taxpayers about the importance of timely filing and paying their taxes, and that there are several options available to help people having trouble paying.

Tax withholding: How to get it right

FS-2019-4, March 2019 - The federal income tax is a pay-as-you-go tax. Taxpayers pay the tax as they earn or receive income during the year.

IRS highlights tax reform changes that affect businesses

FS-2019-3, March 2019 ― The Tax Cuts and Jobs Act (TCJA) included a few dozen tax law changes that affect businesses.

Be Tax Ready – understanding tax reform changes affecting individuals and families

FS-2019-2, February 2019 — The Tax Cuts and Jobs Act (TCJA), enacted in late 2017, produced the most sweeping tax law change in more than 30 years.

Cash payment report helps government combat money laundering

FS-2019-1, February 2019 ― Federal law requires a person to report cash transactions of more than $10,000 by filing IRS Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business.

News Release and Fact Sheet Archive

Find an archive of news releases and fact sheets from November 2002 and news releases and a listing of fact sheets from 1997.