News Releases for April 2018

IRS provides certain small employers with relief for the small business health care tax credit for 2017 and later years

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.

IRS grants relief for taxpayers affected by reduction of maximum deductible Health Savings Account contributions

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).

Tax law, cybersecurity key topics at the 2018 IRS Nationwide Tax Forums

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 announces 2018 National Small Business Week webcasts

IR-2018-105, April 26, 2018 ― The Internal Revenue Service announced today it will host daily webcasts during National Small Business Week, April 29-May 5. The webcasts are designed to help small business owners and self-employed individuals navigate common tax situations they may encounter.

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).

IRS, Security Summit Partners warn of new twist on phone scam; crooks direct taxpayers to IRS.gov to “verify” calls

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.

Missed the tax-filing deadline? IRS issues tips on what to do

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.

IRS systems are back up and running; millions of tax returns accepted; Taxpayers have until midnight Wednesday to file their taxes

IR-2018-101, April 18, 2018 — The Internal Revenue Service said today the agency’s processing systems are fully back up and running.

IRS provides additional day to file and pay for taxpayers through Wednesday, April 18; IRS processing systems back online

IR-2018-100, April 17, 2018 — The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline.

Many corporations will pay a blended federal income tax this year under the new tax reform law

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.

Last-minute tips from IRS; e-file for convenience, faster refund

IR-2018-98, April 16, 2018 — The IRS today offered taxpayers still working on their 2017 taxes a number of tips. These basic tips are designed to help people avoid common errors that could delay refunds or cause future tax problems.

Tax filing deadline fast approaching; use IRS.gov for tax help, check refund status

IR-2018-97, April 16, 2018 — As Tuesday’s tax deadline approaches, the IRS reminded taxpayers that IRS.gov is available for immediate tax help to avoid long hold times on the IRS help line.

People with special circumstances get extra time to file 2017 taxes

IR-2018-96, April 16, 2018 — The IRS today reminded taxpayers that they may request an extension of time to file their tax return, but certain taxpayers get extra time without asking.

Combat zone tax benefits now available to Armed Forces members who served in the Sinai Peninsula; IRS accepting retroactive tax refund claims back to 2015

IR-2018-95, April 13, 2018 – U.S. Armed Forces members who served in the Sinai Peninsula of Egypt may qualify for combat zone tax benefits retroactive to June 2015, according to the Internal Revenue Service.

Inflation Adjustments Under Recently Enacted Tax Law

IR-2018-94, April 13, 2018 – The Internal Revenue Service has updated the tax year 2018 annual inflation adjustments to reflect changes from the Tax Cuts and Jobs Act (TCJA). The tax year 2018 adjustments are generally used on tax returns filed in 2019.

Newly-revised estimated tax form and publication can help people pay the right amount

IR-2018-93, April 13, 2018 – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the first estimated tax payment for 2018 is due on Tuesday, April 17, 2018.

Tax deadline just days away; nearly 40 million to file by April 17

IR-2018-92, April 13, 2018 ― As the April 17 tax filing deadline approaches, the IRS is reminding the nearly 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the final days of the tax filing season.

Improved IRS website: Best way to get last-minute tax help

IR-2018-91, April 11, 2018 ― With just days remaining before the federal tax-filing deadline, the IRS said today that the new, mobile friendly website is available to help people who need last-minute tax information.

IRS direct deposit leads to faster refunds

IR-2018-90, April 10, 2018 — With the tax deadline just around the corner, the IRS reminds taxpayers that making an electronic direct deposit of their refund into a bank or other account is the fastest way to get their money.

IRS warning: Don’t be a victim of ‘ghost’ tax return preparers

IR-2018-89, April 10, 2018 ― The IRS is cautioning taxpayers to avoid the dangers of “ghost” tax return preparers.

IRS, Summit Partners warn on tax deadline scams, ‘IRS Refunds’ email

IR-2018-88 April 9, 2018 — With the April 17 tax deadline approaching, the IRS and Security Summit partners urge taxpayers and tax professionals to be alert to identity theft scams, especially a new email version currently pretending to be from “IRS Refunds.”

IRS reminds those with foreign assets about U.S. tax obligations

IR-2018-87, April 9, 2018 — The IRS today reminded U.S. citizens and resident aliens, including those with dual citizenship, to check if they have a U.S. tax liability and a filing requirement.

Rushing to file taxes can result in errors; e-file decreases errors, extensions available

IR-2018-86, April 6, 2018 — As the April 17 tax-filing deadline nears, many taxpayers may rush to finish their tax returns or find that extra time is needed to get them done.

Free tax preparation services available nationwide for those who qualify

IR-2018-85, April 5, 2018 –– The IRS reminded taxpayers today that they may qualify for free tax help at over 11,000 VITA sites nationwide.

Join the Taxpayer Advocacy Panel and help improve the IRS

IR-2018-84, April 3, 2018 — The IRS seeks civic-minded volunteers to serve on the TAP, a federal advisory committee that listens to taxpayers, identifies major taxpayer concerns and makes recommendations for improving IRS service and customer satisfaction.

Time is running out to file 2014 tax returns worth $1 billion in refunds

IR-2018-83, April 3, 2018 — The IRS is reminding an estimated 1 million taxpayers that time is running out to file a 2014 tax return and claim refunds totaling more than $1 billion.

IRS issues guidance on business interest expense limitations

IR-2018-82, April 2, 2018 ― The Treasury Department and the IRS today issued Notice 2018-28, which provides guidance for computing the business interest expense limitation under recent tax legislation enacted on Dec. 22, 2017.

IRS Issues Guidance on Withholding on the Transfer of Partnership Interests by Foreign Persons

IR-2018-81, April 2, 2018 ―The Treasury Department and the IRS today issued guidance regarding the withholding on the transfer of non-publicly traded partnership interests under the recently enacted Tax Cuts and Jobs Act.

IRS urges ‘Paycheck Checkup’ for key groups; tax withholding may need adjustment

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.

IRS Issues Additional Guidance on Transition Tax on Foreign Earnings

IR-2018-79, April 2, 2018 - The Treasury Department and the Internal Revenue Service today provided additional guidance (Notice 2018-26) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act enacted on Dec. 22, 2017.

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