News Releases for February 2020

Interest rates remain the same for the second quarter of 2020

IR-2020-46, February 28, 2020 – The IRS today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2020.

Tax Time Guide: IRS.gov’s "Where’s My Refund?" tool is fastest, easiest way to check on tax refunds

IR-2020-45, February 28, 2020 — The Internal Revenue Service is reminding taxpayers today that the best way to check on their tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App.

Some popular tax benefits renewed for 2019; IRS Publication 17 helps with 2019 taxes

IR-2020-44, February 26, 2020 ― The Internal Revenue Service reminds taxpayers that it is processing tax returns claiming benefits extended or changed by recent legislation.

Low income taxpayer clinics represented 19,513 taxpayers dealing with an IRS tax controversy; see the latest program report and the 2020 LITC grant recipient list

IR-2020-43, February 26, 2020 — The Internal Revenue Service’s Low Income Taxpayer Clinic (LITC) Program Office has issued its annual program report.

Tax Time Guide: Millions make IRS.gov their first stop for tax help

IR-2020-42, February 25, 2020 — Whether on home computers or mobile devices, the number of taxpayer visits to IRS.gov continues to grow year after year. Millions of taxpayers take advantage of the easy-to-use tools available 24 hours a day on the official website − IRS.gov.

O’Dell to serve as IRS Promoter Investigations Coordinator

IR-2020-41, February 24, 2020 — The Internal Revenue Service announced today that Brendan O’Dell will serve as the agency’s new promoter investigations coordinator.

Newly-revised IRS publication explains tax benefits for members of the military

IR-2020-40, February 24, 2020 — The Internal Revenue Service has released its newly-revised tax guide, designed to help members of the military understand the many special tax benefits available to them under the law.

IRS updates guidance on business expense deductions for meals and entertainment

IR-2020-39, February 24, 2020 — The Internal Revenue Service issued proposed regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA).

Treasury, IRS issue guidance to farmers on uniform capitalization rules

IR-2020-38, February 21, 2020 – The Treasury Department and IRS today issued Revenue Procedure 2020-13 providing procedures for farmers who have elected out of certain capitalization rules and want to apply the small business taxpayer exemption in the same taxable year.

Many farmers, fishermen face March 2 tax deadline; IRS encourages convenience of IRS Direct Pay

IR-2020-37, February 20, 2020 — The IRS reminds farmers and fishermen who chose to forgo making quarterly estimated tax payments that they must file their 2019 Form 1040 along with a payment for all taxes owed by Monday, March 2, 2020.

IRS seeks volunteers to be the voice of the Taxpayer on the Taxpayer Advocacy Panel

IR-2020-36, February 19, 2020 — The IRS today announced it is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP).

IRS provides answers and a safe harbor on carbon capture credits

IR-2020-35, February 19, 2020 — The IRS today issued guidance to help businesses understand how legislation passed in 2018 may benefit those claiming carbon capture credits.

IRS increases visits to high-income taxpayers who haven’t filed tax returns

IR-2020-34, February 19, 2020 — As part of a larger effort to ensure compliance and fairness, the Internal Revenue Service today announced that it will step up efforts to visit high-income taxpayers who in prior years have failed to timely file one or more of their tax returns.

J5 tax chiefs closing the net on global tax evasion

IR-2020-33, February 19, 2020 — Leaders from five international tax organizations came together in Sydney, Australia, this week to review the J5’s progress in their fight against transnational tax crime and set priorities for the year ahead.

IRS urges tax professionals, taxpayers to protect tax software accounts with multi-factor authentication

IR-2020-32, February 14, 2020 — The IRS and its Security Summit partners today called on tax professionals and taxpayers to use the free, multi-factor authentication feature being offered on tax preparation software products.

Avoid the rush: Track tax refunds using the "Where’s My Refund?" tool at IRS.gov

IR-2020-31, February 14, 2020 — Offering time-saving alternatives to a telephone call, the Internal Revenue Service reminds taxpayers they can get fast answers to their refund questions by using the “Where’s My Refund?” tool available on IRS.gov and through the IRS2Go app.

IRS: Avoid the rush after Presidents Day holiday; Use IRS’ online tools to get help

IR-2020-30, February 13, 2020 — With a surge of tax returns expected the two weeks following the February 17 Presidents Day holiday, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily.

Feb. 20 IRS webinar focuses on gig economy

IR-2020-29, February 12, 2020 — The Internal Revenue Service is holding a free webinar designed to help gig workers, employers, contractors and other businesses understand their tax reporting responsibilities.

IRS, Treasury issue proposed regulations updating income tax withholding rules

IR-2020-28, February 11, 2020 — The U.S. Department of the Treasury and the IRS today issued proposed regulations updating the federal income tax withholding rules to reflect changes made by the Tax Cuts and Jobs Act (TCJA) and other legislation.

IRS launches Identity Theft Central

IR-2020-27, February 3, 2020 — The IRS today launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses.

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