News Releases for October 2015

Notice: Historical Content
This is an archival or historical document and may not reflect current law, policies or procedures.

IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

IR-2015-123, Oct. 29, 2015 — The IRS today reminded non-credentialed tax return preparers of major upcoming changes regarding which tax return preparers can represent clients in matters before the IRS beginning in 2016, and to take action by Dec. 31, 2015, to avoid being affected.

Tax Preparedness Series: Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31

IR-2015-122, Oct. 29, 2015 — The IRS today reminded taxpayers born before July 1, 1945, that they generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.

IRPAC Issues Annual Report for 2015

IR-2015-121, Oct. 28, 2015 — The Information Reporting Program Advisory Committee today issued its annual report for 2015, including numerous recommendations to the IRS Commissioner on new and continuing issues in tax administration.

Tax Preparedness Series: Employees Should Take Time to Check Withholding

IR-2015-120, Oct. 22, 2015 — The IRS reminds taxpayers that the earlier in the year they check their withholding, the easier it will be to get the right amount of tax withheld.

In 2016, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged

IR-2015-119, Oct. 21, 2015 — For tax year 2016, the Internal Revenue Service announced annual inflation adjustments

IRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016

IR-2015-118, Oct. 21, 2015 — The IRS today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016.

IRS, States, Industry Continue Progress to Protect Taxpayers from Identity Theft

IR-2015-117, October 20, 2015 — The IRS, state tax administrators and leaders of the tax industry announced today continued progress to expand and strengthen protections against identity theft refund fraud for the 2016 tax season.

Offshore Compliance Programs Generate $8 Billion; IRS Urges People to Take Advantage of Voluntary Disclosure Programs

IR-2015-116, Oct. 16, 2015 — The IRS today reminded U.S. taxpayers with undisclosed offshore accounts that they should strongly consider existing paths established to come into full compliance with their federal tax obligations. More than 54,000 taxpayers have participated in offshore disclosure programs since 2009.

Online Seminars from the 2015 IRS Nationwide Tax Forums are Now Available

IR-2015-115, Oct. 15, 2015 — Tax professionals can earn continuing education credits online through seminars filmed at the 2015 IRS Nationwide Tax Forums.

IRS Warns Consumers of Possible Scams Relating to South Carolina Flood Victim Relief

IR-2015-114, Oct. 9, 2015 ― The IRS today issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states.

Business E-File Up almost 9 Percent This Year; Almost 8 of 10 Corporate and Partnership Tax Returns are Now Filed Electronically

IR-2015-113, Oct. 8, 2015 — Corporations and Partnership tax return electronic filings are up almost 9 percent for 2015 compared to 2014.

IRS Provides Tax Relief to South Carolina Flood Victims Oct. 15 Tax Deadline Extended to Feb. 16

IR-2015-112, Oct. 7, 2015 –– South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to Oct. 15, will have until Feb. 16, 2016, to file their returns and pay any taxes due, the IRS announced today.

IRS Announces Key Milestone in FATCA Implementation; U.S. Begins Reciprocal Automatic Exchange of Tax Information under Intergovernmental Agreements

IR-2015-111, Oct. 2, 2015 — The IRS today announced the exchange of financial account information with certain foreign tax administrations, meeting a key Sept. 30 milestone related to FATCA, the Foreign Account Tax Compliance Act.

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