News Releases for September 2016

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; 37 States and Puerto Rico Affected

IR-2016-127, Sept. 30, 2016 — Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the IRS announced today.

Reminder for Parents and Students to Check Out College Tax Credits for 2016 and Years Ahead

IR-2016-126, Sept. 29, 2016 ― With another school year now in full swing, the IRS today reminded parents and students to see if they qualify for either of two college tax credits or other education-related tax benefits when they file their 2016 federal income tax returns next year.

New Private Debt Collection Program to Begin Next Spring; IRS to Contract with Four Agencies; Taxpayer Rights Protected

IR-2016-125, Sept. 26, 2016 — The IRS announced today that it plans to begin private collection of certain overdue federal tax debts next spring and has selected four contractors to implement the new program.

IRS Has a Reminder for Extension Filers: Prior-Year Adjusted Gross Income Amount May Be Needed to File Electronically

IR-2016-124, Sept. 22, 2016 — The IRS has an important reminder for taxpayers who filed for an extension and face an Oct. 17 filing deadline: the adjusted gross income (AGI) amount from your 2014 return may be needed to electronically file a tax return.

IRS and Security Summit Partners Warn of Fake Tax Bill Emails

IR-2016-123, Sept. 22, 2016 — The IRS and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act.

IRS Urges Employers to Take Advantage of Expanded Work Opportunity Tax Credit

IR-2016-122, September 20, 2016 — With a key certification deadline fast approaching, the IRS today urged employers to take advantage of a valuable tax credit designed to help those who hire long-term unemployment recipients and workers who face significant barriers to employment.

Interest Rates Remain the Same for the Fourth Quarter of 2016

IR-2016-121, Sept. 14, 2016 — Interest rates for the quarter beginning Oct. 1 remain the same as in the previous quarter.

IRS Announces 16 New Members for the Electronic Tax Administration Advisory Committee

IR-2016-120, Sept. 6, 2016 — The IRS today announced the selection of 16 new members of the Electronic Tax Administration Advisory Committee.

IRS Warns of a New Wave of Attacks Focused on Tax Professionals

IR-2016-119, September 2, 2016 – The IRS today warned tax professionals of a new wave of attacks that allow identity thieves to file fraudulent tax returns by remotely taking over practitioners’ computers.

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