IRS takes next step on abusive micro-captive transactions; nearly 80 percent accept settlement, 12 new audit teams established
IR-2020-26, January 31, 2020 — The Internal Revenue Service announced today the overwhelming acceptance of a time-limited settlement offer made to certain taxpayers under audit who participated in abusive micro-captive insurance transactions.
IR-2020-25, January 31, 2020 — As part of an ongoing effort to improve service for the tax-exempt community, the Internal Revenue Service has revised Form 1023 to allow electronic filing for the first time starting later this month.
IR-2020-24, January 30, 2020 ― The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it easier for older Americans to read and use.
IR-2020-23, January 28, 2020 — The Internal Revenue Service wants tax-exempt organizations to know about recent tax law changes that might affect them.
IR-2020-22, January 28, 2020 − The Internal Revenue Service and its partners nationwide remind taxpayers about the Earned Income Tax Credit on Jan. 31, “EITC Awareness Day.”
IRS: Jan. 31 filing deadline for employers, other businesses to file wage statements, independent contractor forms
IR-2020-21, January 28, 2020 — With just a few days remaining until the deadline, the Internal Revenue Service reminds employers and other businesses that January 31 is the filing deadline for submitting wage statements and forms for independent contractors with the government.
IRS kicks off 2020 tax filing season with returns due April 15; help available on IRS.gov for fastest service
IR-2020-20, January 27, 2020 ― The Internal Revenue Service successfully opened the 2020 tax filing season today as the agency begins accepting and processing federal tax returns for tax year 2019.
IRS provides relief to financial institutions affected by tax law change raising the age for required minimum distributions
IR-2020-19, January 27, 2020 — The Internal Revenue Service has provided relief to financial institutions that were expected to provide required minimum distribution (RMD) statements to IRA owners by January 31, 2020.
Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion
IR-2020-18, January 23, 2020 — A globally coordinated day of action to put a stop to the suspected facilitation of offshore tax evasion has been undertaken this week across the United Kingdom (UK), United States (US), Canada, Australia and the Netherlands.
IR-2020-17, January 22, 2020 — With the start of the 2020 tax filing season near, the Internal Revenue Service is reminding taxpayers to avoid unethical “ghost” tax return preparers.
IR-2020-16, January 17, 2020 — The IRS announced today that the agency has become aware of limited circumstances in which it may be appropriate to provide relief from double taxation resulting from application of the repatriation tax under section 965, as amended by the Tax Cuts and Jobs Act (TCJA).
IR-2020-15, January 17, 2020 — IRS Free File can save families, especially those with children, some money in 2020 plus find tax benefits such as the Earned Income Tax Credit. Free File is now available at IRS.gov/freefile.
IR-2020-14, January 16, 2020 — As the 2020 tax season approaches, the IRS today encouraged taxpayers, businesses, tax professionals and others to take advantage of a variety of improved e-mail subscription services.
IR-2020-13, January 16, 2020 — Most taxpayers can do both their federal and state tax returns for free online through Free File offered either by the IRS or by states that have a similar public-private partnership.
IRS to restore sequestered funds (AMT only) this fiscal year to businesses affected by OMB determination
IR-2020-12, January 16, 2020 — The Internal Revenue Service today announced it will return sequestered funds to businesses that were affected by a recent Office of Management and Budget (OMB) determination regarding the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.
IR-2020-11, January 15, 2020 — The IRS and Department of the Treasury issued Revenue Procedure 2020-11 that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school.
IR-2020-10, January 15, 2020 — Seniors and retirees whose income is under $69,000 a year should explore IRS Free File for free online tax preparation.
Improved Tax Withholding Estimator helps workers target the refund they want; shows how to fill out new 2020 W-4
IR-2020-09, January 14, 2020 — The Internal Revenue Service has launched a new and improved Tax Withholding Estimator, designed to help workers target the refund they want by having the right amount of federal income tax taken out of their pay.
IR-2020-08, January 14, 2020 — Filing taxes for the first time or working part-time? IRS Free File may be the perfect match for people looking to save money on federal tax preparation.
IR-2020-07, January 13, 2020 – The Internal Revenue Service today reminded active duty military personnel that IRS Free File offers them multiple options for free federal tax preparation.
IR-2020-06, January 10, 2020 – Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/freefile for the 2020 tax filing season.
IR-2020-05, January 9, 2019 — With tax season beginning soon, the IRS reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money.
IR-2020-04, January 9, 2020 — The Internal Revenue Service this week launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information.
IR-2020-03, January 8, 2020 — Acting National Taxpayer Advocate Bridget Roberts today released her 2019 Annual Report to Congress. Key challenges highlighted in the report include implementation of the Taxpayer First Act, inadequate taxpayer service and limited funding of the agency.
IR-2020-02, January 6, 2020 — The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
IR-2020-01, January 6, 2020 — The Internal Revenue Service today released a new annual report highlighting accomplishments across the nation's tax agency during Fiscal Year 2019.
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