News Releases for January 2018

Tax Issues for Alaska Native American Corporations and Alaska Native Settlement Trusts

IR-2018-16, Jan. 30, 2018 — The Internal Revenue Service today reminds Alaska Native Corporations and Alaska Native Settlement Trusts that they may be able to take advantage of certain benefits in the recently enacted tax reform legislation.

IRS Reminds Employers: Forms W-2, W-3 Some Forms 1099-MISC Due Jan. 31

IR-2018-15, January 30, 2018 ― The Internal Revenue Service is reminding employers that the deadline for filing employee Forms W-2, Wage and Tax Statement, for calendar year 2017 is Jan. 31, 2018. This includes Forms W-3, Transmittal of Wage and Tax Statements.

IRS Announces 2018 Tax Filing Season Opens with April 17 Deadline; 155 Million Tax Returns Projected, 70 Percent Expect Refunds

IR-2018-14, Jan. 29, 2018 — Marking the beginning of the nation’s tax season, the Internal Revenue Service said today that it successfully started accepting and processing 2017 federal individual income tax returns. More than 155 million returns are expected to be filed this year.

IRS, Partners Across the Nation Mark Today’s EITC Awareness Day; Taxpayers May Qualify for Significant Tax Benefit

IR-2018-13, Jan. 26, 2018 — The Internal Revenue Service and its partners across the country remind taxpayers about the Earned Income Tax Credit (EITC) on EITC Awareness Day.

IRS Encourages Tribal Communities to Check Out Earned Income Tax Credit

IR-2018-12, Jan 25, 2018 - The Internal Revenue Service urges Native American taxpayers to look into the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to see if they qualify.

IRS: Special Rules Help Many with Disabilities Qualify for Earned Income Tax Credit

IR-2018-11, Jan. 24, 2018 - The Internal Revenue Service wants taxpayers with disabilities and parents of children with disabilities to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify.

Many Hurricane Victims Qualify for Earned Income Tax Credit; Special Method Can Aid Workers Whose Income Dropped

IR-2018-10, Jan. 23, 2018 – The IRS is urging victims of last year’s hurricanes, especially those who lived in areas affected by Hurricanes Harvey, Irma and Maria, to see if they qualify for the Earned Income Tax Credit (EITC).

IRS Issues Additional Guidance on Transition Tax on Foreign Earnings

IR-2018-09, Jan. 19, 2018 - The Treasury Department and the Internal Revenue Service (IRS) today provided additional guidance (Notice 2018-13) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.

IRS, States and Tax Industry Warn Employers to Beware of Form W-2 Scam; Tax Season Could Bring New Surge in Phishing Scheme

IR-2018-8, Jan. 17, 2018 – The Internal Revenue Service, state tax agencies and the tax industry today urged all employers to educate their payroll personnel about a Form W-2 phishing scam that made victims of hundreds of organizations and thousands of employees last year.

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

IR-2018-7, Jan. 16, 2018 — The Internal Revenue Service today strongly encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their passports in jeopardy.

Free Tax Software Available Now through Free File; Partnership Launches its 16th Year of Free Assistance to Taxpayers

IR-2018-6, Jan. 12, 2018 - Although the tax filing season officially opens Jan. 29, taxpayers starting today can begin preparing and e-filing their taxes for free with IRS Free File software. Free File software will automatically submit returns as soon as the filing season begins.

2018 withholding tables now available

The IRS today released Notice 1036, which updates income tax withholding tables for 2018 to reflect changes from the tax reform legislation enacted last month.

IRS Selects New Advisory Council Members 2018

IR-2018-04, Jan. 11, 2018 — The Internal Revenue Service today announced the appointment of seven new members to the Internal Revenue Service Advisory Council (IRSAC).

National Taxpayer Advocate Delivers Annual Report to Congress; Discusses Tax Reform Implementation and Unveils “Purple Book”

IR-2018-03, Jan. 10, 2018 — National Taxpayer Advocate Nina E. Olson today released her 2017 Annual Report to Congress, describing challenges the IRS will face as it implements the recently enacted tax reform legislation and unveiling a new publication, “The Purple Book,” that presents 50 legislative recommendations intended to strengthen taxpayer rights and improve tax administration.

Security Summit Partners Warn Tax Pros of Heightened Fraud Activity as Filing Season Approaches

IR-2018-02, Jan. 09, 2018 – The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of early signs that cybercriminals already are at work as the nation’s tax season approaches.

2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17; Help Available for Taxpayers

IR-2018-01, January 4, 2018 ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.

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