Fact Sheets for 2018

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IRS offers tips to tax professionals to reduce CAF number errors, better protect data from cyberthieves

FS-2018-21, December 2018 ― The Internal Revenue Service today outlined common errors that may delay processing of Centralized Authorization File (CAF) numbers. Reducing errors in CAF applications is one way to speed the approval process for tax professionals.

Steps for tax professionals to obtain wage and income transcripts needed for tax preparation

Find out if you meet the requirements to request a wage and income transcript needed to prepare your taxes.

What’s new for farmers in 2018?

FS-2018-19, December 2018 ― The Tax Cuts and Jobs Act (“TCJA”), signed Dec. 22, 2017, changed some tax laws that impact farmers.

Reconstructing records after a disaster; IRS provides tips to help taxpayers

FS-2018-18, November 2018 ― With 2018 bringing record-setting hurricanes, wildfires and other disasters to many parts of the country, many Americans are now facing the challenge of reconstructing their financial records.

The Highlights of Tax Reform for Businesses

FS-2018-17, October 2018 ― Review tax law changes and the affect on businesses and their tax returns.

Coming soon: A new tax transcript to better protect taxpayer data

FS-2018-16, September 2018 — On Aug. 22, 2018, the IRS announced a change in the format of tax transcripts and provided a preview of proposed changes in the methods of distributing tax transcripts to taxpayers and their authorized third parties, such as tax practitioners.

Tax facts for seasonal job seekers

FS-2018-15, August 2018 ― Students and other taxpayers often obtain seasonal jobs to earn extra spending money or to save for later.

Know the tax facts about renting out residential property

FS-2018-14, August 2018 ― People often rent out their residential property as a source of income, particularly during the vacation-heavy, warm summer months.

For many truckers, report Heavy Highway Vehicle Use Tax in August

FS-2018-13, August 2018 — Anyone who registers a heavy highway motor vehicle in their name with a gross weight of 55,000 pounds or more must file Form 2290, Heavy Highway Vehicle Use Tax Return. For many, the filing deadline is August 31.

Avoid scams: Know the facts on how the IRS contacts taxpayers

FS-2018-12, May 2018 — Crooks impersonating the IRS either by phone, email or in person cost people their time and money.

IRS explains CP 2000 letters sent to taxpayers when tax return information doesn’t match information from 3rd parties

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.

Many tax-exempt organizations must file annual returns in May

FS-2018-10, May 2018 — Many tax-exempt organizations must file their annual information returns or notices with the IRS by May 15.

New rules and limitations for depreciation and expensing under the Tax Cuts and Jobs Act

FS-2018-9, April 2018 — The Tax Cuts and Jobs Act, signed Dec. 22, 2017, changed some laws regarding depreciation deductions.

IRS Offers Options to Help Taxpayers Who Can't Pay

FS-2018-8, April 2018 ― The IRS reminds taxpayers who can’t pay the full amount of federal taxes they owe that they should file their tax return on time and pay as much as possible.

Report foreign bank and financial accounts each April

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.

When to file a Form 14039, Identity Theft Affidavit

FS-2018-6, April 2018 — If you think you have experienced tax-related identity theft, learn how and when to file a Form 14039, Identity Theft Affidavit.

Choosing a Paid Tax Return Preparer

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.

IRS Highlights Free Tax Preparation Help; Offers Many Ways to Get Publications and Forms

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.

Tax Refunds in 2018: What to Expect

FS-2018-3, February 2018 — The IRS issues more than nine out of 10 refunds in less than 21 days. However, some tax returns may require additional review, which affects refund timing.

IRS Outlines Taxpayer Bill of Rights 2018

FS-2018-2, February 2018 — TBOR outlines the 10 fundamental rights taxpayers have when working with the Internal Revenue Service.

Qualifying for the Earned Income Tax Credit

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.

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