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.
FS-2018-20, December 2018 ― The IRS, in partnership with the tax preparation community, has devised a new process that will allow tax practitioners to access employer information needed for return preparation and electronic filing while also protecting taxpayer data.
FS-2018-19, December 2018 ― The Tax Cuts and Jobs Act (“TCJA”), signed Dec. 22, 2017, changed some tax laws that impact farmers.
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.
FS-2018-17, October 2018 ― The Tax Cuts and Jobs Act included a few dozen tax law changes that affect businesses. Most of the changes in the new law take effect in 2018 and will affect tax returns filed in 2019.
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.
FS-2018-15, August 2018 ― Students and other taxpayers often obtain seasonal jobs to earn extra spending money or to save for later.
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.
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.
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.
FS-2018-10, May 2018 — Many tax-exempt organizations must file their annual information returns or notices with the IRS by May 15.
FS-2018-9, April 2018 — The Tax Cuts and Jobs Act, signed Dec. 22, 2017, changed some laws regarding depreciation deductions.
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.
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-2018-6, April 2018 — Taxpayers who experience tax-related identity theft may wonder when they should file a Form 14039, Identity Theft Affidavit.
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-2018-3, 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.
FS-2018-2, February 2018 — TBOR outlines the 10 fundamental rights taxpayers have when working with the Internal Revenue Service.
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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