News Releases for December 2012

Notice: Historical Content
This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Provides Guidance on Withholding in 2013; Withholding To Reflect Expiration of 2001 and 2003 Tax Cuts; Guidance Would Be Modified If Congress Acts

IR-2012-105, Dec. 31, 2012 — The IRS released new income-tax withholding tables for 2013 and issued special instructions on implementing new income tax and Social Security tax rates.

IRS Office of Professional Responsibility Disbars Return Preparer Accused of Filing False Returns

IR-2012-104, Dec. 31, 2012 — The IRS announced that its Office of Professional Responsibility has disbarred a return preparer accused of routinely preparing and filing fraudulent federal tax returns.

Renew PTINs for 2013, Take the RTRP Test if Required

IR-2012-103, Dec. 20, 2012 — Professional tax return preparers must renew their Preparer Tax Identification Numbers (PTINs), which expire Dec. 31, 2012, if they plan to prepare returns in 2013. Preparers who need to take the competency test may schedule an appointment while renewing their PTIN.

IRS Offers Tips for Year-End Giving 2012

IR-2012-102, Dec. 19, 2012 — Individuals and businesses making contributions to charity should keep in mind key tax provisions affecting donations of clothing and household items and monetary donations.

Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low and Moderate Income Workers Save for Retirement

IR-2012-101, Dec. 13, 2012 — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit.

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