News Releases for November 2015

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

Tips from IRS for Year-End Gifts to Charity 2015

IR-2015-134, Nov. 25, 2015 — The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years.

For Small Businesses IRS Raises Tangible Property Expensing Threshold to $2,500 Simplifies Filing and Recordkeeping

IR-2015-133, Nov. 24, 2015 — IRS raises the safe harbor threshold for deducting certain capital items from $500 to $2,500.

Identity Theft Tax Tips Available; Special Series to Help Taxpayers Available Through January

IR-2015-132, Nov. 23, 2015 — The IRS, state revenue departments and the tax industry today released the first in a series of special tax tips designed to provide people critical information to help protect their tax and financial data.

IRS Upgrades, Enhances FATCA Registration System

IR-2015-131, Nov. 23, 2015 — The IRS has upgraded the Foreign Account Tax Compliance Act (FATCA) Online Registration System, enabling sponsoring entities to register their sponsored entities to obtain a global intermediary identification number.

New IRS Guidance to Simplify ABLE Program Administration

IR-2015-130, Nov. 20, 2015 — The IRS today announced three changes to the proposed rules for new tax-favored Achieving a Better Life Experience accounts for eligible disabled individuals. The changes will be included in the final regulations when issued and will make it easier for states to offer and administer ABLE programs.

IRS, States and Tax Industry Announce New Steps to Help Public to Protect Personal Tax Data

IR-2015-129, Nov. 19, 2015 — The IRS, state tax administrators and the private-sector tax industry today announced a new campaign aimed at encouraging more people to protect their personal and financial data online and at home.

IRSAC Releases Its 2015 Annual Report

IR-2015-128, Nov. 18, 2015 — The IRS Advisory Council (IRSAC) held its annual public meeting today and released its annual report for 2015 to the IRS Commissioner.

IRS Seeks Information about Professional Employer Organizations

IR-2015-127, Nov. 17, 2015 — The IRS announced today that it is requesting information about current professional employer organization practices in an effort to streamline the implementation of a new federal program.

Plan now to Use Health Flexible Spending Arrangements in 2016; Contribute up to $2,550; $500 Carryover Option Available to Many

IR-2015-126, Nov. 12, 2015 ― The IRS reminds eligible employees to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2016.

2016 PTIN Renewal Period Underway for Tax Professionals; More than 136,000 PTINs Have Already Been Renewed

IR-2015-125, Nov. 12, 2015 — IRS reminds federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2016.

Tax Preparedness Series: Make a Wise Choice when Selecting a Tax Preparer

IR-2015-124, Nov. 5, 2015 — While there is still time before the next tax filing season, choosing a return preparer now allows more time for taxpayers to consider appropriate options and to find and talk with prospective tax preparers rather than during tax season when they’re most busy.

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