IRS, Security Summit partners warn tax professionals of fake payroll direct deposit and wire transfer emails

IR-2018-253, December 17, 2018 — The IRS and its Security Summit partners today warned tax professionals of an uptick in phishing emails targeting them that involve payroll direct deposit and wire transfer scams.

First plug-in electric vehicle manufacturer crosses 200,000 sold threshold;Tax credit for eligible consumers begins phase down on Jan. 1

IR-2018-252, December 14, 2018 — The IRS announced today that Tesla, Inc. has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the third quarter of 2018.

IRS issues standard mileage rates for 2019

IR-2018-251, December 14, 2018 — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

IRS issues proposed regulations on key new international provision, the base erosion and anti-abuse tax

IR-2018-250, December 13, 2018 — The Internal Revenue Service issued proposed regulations today on the section 59A base erosion and anti-abuse tax.

Wrongful incarceration exclusion reminder: Dec. 17  is deadline for older refund claims

IR-2018-249, December 13, 2018 — Wrongfully-incarcerated individuals, wishing to take advantage of the special retroactive tax exclusion, usually must file refund claims by Monday, Dec. 17, 2018, according to the IRS.

IRS reminder: Deadline Dec. 31 for most retirees who must make required retirement plan distributions

IR-2018-248, December 11, 2018  — The Internal Revenue Service today reminded retirees born before July 1, 1948, that they usually must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.

IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations

IR-2018-247, December 10, 2018 – The Internal Revenue Service today issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017.

For private corporations and their employees, IRS provides initial guidance on new tax benefit for stock options and restricted stock units

IR-2018-246, December 7, 2018 — The Internal Revenue Service today issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax, for up to five years, on the value of qualified stock options and restricted stock units (RSUs) granted to them by their employers.

IRS, Security Summit Partners warn tax professionals of high risk of data theft attacks

IR-2018-245, December 7, 2018 — Cybercriminals stepped up their attacks on tax professionals during 2018, prompting the IRS and the Security Summit partners to urge practitioners to take steps to protect client data and their computer networks from these threats.

Interest Rates Increase for the First Quarter of 2019

IR-2018-244, December 6, 2018 — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning January 1, 2019.

Security Summit warns employers: Be alert to identity theft and W-2 scams

IR-2018-243, December 6, 2018 – As the 2019 tax season approaches, the IRS, state tax agencies and the nation’s tax industry joined together to warn small businesses to be on-guard against a growing wave of identity theft and W-2 scams.

IRS: Taxpayers have extra day to file and pay; Returns and payments due Dec. 5 are now due Dec. 6

IR-2018-242, December 4, 2018 — The Internal Revenue Service today granted taxpayers an extra day, until Thursday, Dec. 6, 2018 to file any return or pay any tax originally due on Wednesday, Dec. 5.

Security Summit Partners highlight new password guidance, urge taxpayers and practitioners to protect all accounts

IR-2018-241, December 4, 2018 — To help protect against cybercriminals stealing identities, the IRS, state tax agencies and the nation’s tax industry urged people to review new, stronger standards to protect the passwords of their online accounts. 

IRS sees surge in email phishing scams; Summit Partners urge taxpayers: ‘Don’t Take the Bait’ 

IR-2018-240, December 4, 2018 — With the approach of the holidays and the 2019 filing season, the IRS, state tax agencies and the nation’s tax industry warned people to be on the lookout following a surge of new, sophisticated email phishing scams. 

IRS reminds those with disabilities of new ABLE account benefits

IR-2018-239, December 4, 2018 — The Internal Revenue Service wants to remind those with disabilities that the Tax Cuts and Jobs Act (2017) made major changes to Achieving a Better Life Experience (ABLE) accounts.

IRS, Security Summit Partners warn public: It’s shopping season for identity thieves, too; Tax Security Awareness Week offers tips

IR-2018-238, December 3, 2018 — With the holiday shopping season in full swing, the Internal Revenue Service and Security Summit partners warn taxpayers to take extra steps to protect their tax and financial data from identity thieves.

IRS launches Instagram account to help taxpayers: Agency adds social media platform to reach more taxpayers, share timely information on filing season, tax law changes, tax scams

IR-2018-237, November 30, 2018 — As part of a larger mission of helping all taxpayers understand and meet their tax responsibilities, the IRS announced today its debut on Instagram, adding this platform to its social media portfolio.

Proposed hardship withdrawal regulations include relief for disaster victims: Retirement plans can now make loans, hardship distributions to victims of Hurricanes Michael and Florence

IR-2018-236, November 29, 2018 — The IRS recently announced that 401(k) plans and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Michael and Hurricane Florence and to members of their families.

IRS issues proposed regulations on foreign tax credits

IR-2018-235, November 28, 2018 — The Internal Revenue Service issued proposed regulations today on foreign tax credits for businesses and individuals.

Get Ready for Taxes: Many options available for preparing a 2018 tax return

IR-2018-234, November 28, 2018 — The IRS is advising taxpayers that now is a good time to decide how to prepare and file their 2018 tax return.

IRS issues proposed regulations on new business interest expense deduction limit

IR-2018-233, November 26, 2018 — The Internal Revenue Service issued proposed regulations today for a provision of the Tax Cuts and Jobs Act, which limits the business interest expense deduction for certain taxpayers.

Get Ready for Taxes: Safekeeping tax records helps for future filing, amended returns, audits

IR-2018-232, November 26, 2018 — With the tax filing season quickly approaching, the Internal Revenue Service wants taxpayers to understand how long to keep tax returns and other documents.

IRS reminds employers, business owners of Jan. 31 filing deadline for wage statements, independent contractor forms

IR-2018-231, November 21, 2018 — The IRS today reminded employers and other businesses that Jan. 31 remains the filing deadline for wage statements and independent contractor forms.

Get Ready for Taxes: Tax reform changes likely to reduce number of taxpayers who itemize

IR-2018-230, November 21, 2018 — The IRS today advised taxpayers that the doubling of the standard deduction due to tax law changes is likely to reduce the number of taxpayers who normally itemize.

Treasury, IRS: Making large gifts now won’t harm estates after 2025

IR-2018-229, November 20, 2018 – Today the IRS announced that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.

Security Summit plans National Tax Security Awareness Week, Dec. 3-7; New Twitter handle launched, ‘Dark Web’ webinar planned

IR-2018-228, November 20, 2018 – With the approach of the holidays and the upcoming tax season, the Internal Revenue Service, state tax agencies and the nation’s tax industry will sponsor a nationwide campaign in December urging people to better protect their sensitive tax and financial data.

Like-kind exchanges now limited to real property

IR-2018-227, November 19, 2018 — The Internal Revenue Service today reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property.

IRS warns of “Tax Transcript” email scam; dangers to business networks

IR-2018-226, November 19, 2018 — The IRS and Security Summit partners today warned the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware. 

Get Ready for Taxes: Get 2018 tax documents ready for upcoming filing season

IR-2018-225, November 19, 2018 — The IRS reminds taxpayers to keep a copy of their past tax returns and supporting documents for at least three years.

IRS: Plan now to use Health Flexible Spending Arrangements in 2019

IR-2018-224, November 16, 2018 — The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2019.

New tax law allows small businesses to expense more, expands bonus depreciation

IR-2018-223, November 15, 2018 — The Internal Revenue Service today reminded small business taxpayers that changes to the tax law mean they can immediately expense more of the cost of certain business property.

IRS provides tax inflation adjustments for tax year 2019

IR-2018-222, November 15, 2018 — The Internal Revenue Service today announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.

IRS Advisory Council releases its 2018 annual report

IR-2018-221, November 15, 2018 — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2018, including recommendations to the IRS on new and continuing issues in tax administration.

Get Ready for Taxes: For many, time is running out to avoid a tax-time surprise; Check withholding, make estimated payments now

IR-2018-220, November 14, 2018 — Many taxpayers, at risk for having too little tax withheld from their pay, can avoid a surprise year-end tax bill by quickly updating the withholding form they give to their employer, according to the IRS.

IRS Criminal Investigation releases Fiscal Year 2018 Annual Report

IR-2018-219, November 14, 2018 — The Internal Revenue Service today released the Criminal Investigation Division’s (CI) annual report, reflecting significant accomplishments and criminal enforcement actions taken in fiscal year 2018.

For Tax Year 2017, e-file closes on Nov. 17; After that, disaster victims, others need to file on paper

IR-2018-218, November 9, 2018 —The IRS today reminded people, including those in disaster areas, who want to file a 2017 tax return electronically to do so by Saturday, Nov. 17, 2018.

Get Ready for Taxes: Here’s how the new tax law revised family tax credits

IR-2018-217, November 7, 2018 ― More families will be able to get more money under the newly-revised Child Tax Credit, according to the IRS.

IRS issues final regulations, expanding paid preparer due diligence requirement to head of household filers

IR-2018-216, November 7, 2018 — The Treasury Department and the Internal Revenue Service today issued final regulations expanding the long-standing paid preparer due diligence requirement to include individual income tax returns claiming the head of household filing status.

IRS announces 2019 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program grants

IR-2018-215, November 6, 2018 — The IRS recently awarded over $24 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation.

Get Ready for Taxes: Renew expiring ITINs now to file a return next year

IR-2018-214, November 5, 2018 — The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to submit their renewal applications as soon as possible.

IRS, Free File Alliance announce changes to improve program; Improved taxpayer options available for 2019 Free File program

IR-2018-213, November 2, 2018 — The Internal Revenue Service announced today an agreement with the Free File Alliance that will strengthen and expand taxpayer options for people choosing to use the free online software program during the 2019 filing season.

IRSAC expands to cover more areas of the IRS; IRPAC and ACT to join centralized advisory committee in 2019

IR-2018-212, November 1, 2018 — The IRS announced today that the Internal Revenue Service Advisory Committee’s role will expand in 2019 to have a wider portfolio and incorporate two other advisory groups.

401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000

IR-2018-211, November 1, 2018 — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.

IRS issues proposed regulations reducing potential income inclusions for certain domestic corporations that own stock in foreign corporations

IR-2018-210, October 31, 2018 — The Internal Revenue Service today issued proposed regulations  reducing the amount determined
under Internal Revenue Code section 956 for certain domestic corporations that own (or are treated as owning) stock in
controlled foreign corporations (CFCs). 

Get Ready for Taxes: Learn how the new tax law affects tax returns next year

IR-2018- 209, October 30, 2018 — The IRS today advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year.

Information Reporting Program Advisory Committee issues 2018 annual report

IR-2018-208, October 24, 2018 — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2018 including numerous recommendations to the Internal Revenue Service on new and continuing issues in tax administration.

2019 PTIN renewal period underway for tax professionals

IR-2018-207, October 23, 2018 — The IRS today reminded the nation’s more than 768,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers for 2019.

Treasury, IRS issue proposed regulations on new Opportunity Zone tax incentive

IR-2018-206, October 19, 2018 —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.

Reduced 24-percent withholding rate applies to small businesses and other payers; Revised backup withholding publication features helpful FAQs

IR-2018-205, October 18, 2018 — The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov.

Low-income housing units nationwide may be offered to displaced victims of Hurricanes Michael and Florence, other recent disasters

IR-2018-204, October 16, 2018 — The IRS has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary emergency housing to individuals who are displaced by a major disaster from their principal residences, regardless of income.

IRS: Several tax law changes may affect bottom line of many business owners

IR-2018-203, October 16, 2018 — The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business.

IRS extends Oct. 15 and other deadlines for more counties hit by Hurricanes Michael, Florence; Additional areas in Florida, Georgia, North Carolina, South Carolina and Virginia covered

IR-2018-202, October 15, 2018 —  After additional disaster declarations by FEMA, the IRS has added more counties that are eligible for individual and public assistance in areas of Florida and Georgia affected by Hurricane Michael.

Seminars from the 2018 IRS Nationwide Tax Forums available online now

IR-2018-201, October 15, 2018 — Tax professionals can earn continuing education credits beginning today with the 2018 launch of the IRS Nationwide Tax Forums Online (NTFO).

IRS announces waiver of dyed fuel penalty in Florida

IR-2018-200, October 15, 2018 — The Internal Revenue Service (IRS), in response to shortages of undyed diesel fuel caused by Hurricane Michael, will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in emergency response vehicles in the State of Florida.

IRS extends Oct. 15 and other upcoming deadlines, provides expanded tax relief for victims of Hurricane Michael

IR-2018-199, October 12, 2018 — Hurricane Michael victims in parts of Florida and elsewhere have until Feb. 28, 2019, to file certain individual and business tax returns and make certain tax payments, the IRS announced today.

Extension filers can still get tax help before Oct. 15 deadline

IR-2018-198, October 10, 2018 — The IRS reminds taxpayers who filed extensions that electronic filing and other options for help with taxes are still available before the Oct. 15 deadline.

IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes   

IR-2018-197, October 9, 2018 — With just a few months left in tax year 2018, the IRS today urges small business owners to learn about how the new tax law changes may affect them.

For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017

IR-2018-196, October 4, 2018 — The IRS today reminds business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent depreciation deduction, that they have a limited time to file the required election with the IRS.

IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment

IR-2018-195, October 3, 2018 — The IRS issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA).

Oct. 15 tax-filing extension deadline approaches for millions of taxpayers

IR-2018-194, October 2, 2018 — The IRS today urged taxpayers who requested the six-month filing extension to double check their tax returns and file on or before the mid-October deadline.

IRS alerts taxpayers: Scammers scheming around Oct. 15 deadline; Here’s what to do

IR-2018-193, September 27, 2018 — The IRS is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season approaches.

IRS selects two new members for the Electronic Tax Administration Advisory Committee

IR-2018-192, September 25, 2018 — The Internal Revenue Service has selected two new members for the Electronic Tax Administration Advisory Committee (ETAAC).

New employer tax credit for paid family and medical leave available for 2018 and 2019

IR-2018-191, September 24, 2018 — Today the IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019.

IRS: 2018 employer reimbursements for employees’ 2017 moves are generally tax-free

IR-2018-190, September 21, 2018 — Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax purposes, the IRS announced today.

IRS Statement on Form W-4

September 20, 2018 — Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.

IRS announces waiver of dyed fuel penalty in North Carolina due to Hurricane Florence

IR-2018-189, September 18, 2018 - The Internal Revenue Service, in response to shortages of undyed diesel fuel caused by Hurricane Florence, will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in the State of North Carolina. 

IRS warns of scams related to natural disasters

IR-2018-188, September 18, 2018 ― In the wake of Hurricane Florence, the IRS is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters.

IRS extends upcoming deadlines, provides tax relief for victims of Hurricane Florence

IR-2018-187, September 15, 2018 — Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.

IRS issues proposed regulations on global intangible low-taxed income for U.S. shareholders

IR-2018-186, September 13, 2018 — The Internal Revenue Service issued proposed regulations today (LINK) concerning global intangible low-taxed income, and related sections of the Internal Revenue Code.

Tax Security 101: Security Summit outlines data theft reporting process for tax professionals; speed helps protect taxpayers

IR-2018-185, September 11, 2018 — The IRS and its Security Summit partners today reminded tax professionals that they should report data theft immediately and follow an established process for helping the IRS protect their clients.

IRS reminder: Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes

IR-2018-184, September 11, 2018 – With tax reform bringing major changes for the current tax year, the Internal Revenue Service today reminded small businesses, self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the third estimated tax payment for 2018 is due on Monday, Sept. 17, 2018.

IRS urges taxpayers to prepare for natural disasters

IR-2018-183, September 10, 2018 —  Because a natural disaster can strike any time, the IRS is reminding individuals and businesses to take time now and create or update their emergency preparedness plan.

Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17

IR-2018-182, September 10, 2018 – With the last third of the year now in full view, the IRS today reminded small business and self-employed taxpayers of the importance of meeting their tax obligations. Part of those obligations normally include making quarterly estimated tax payments.

Interest rates remain the same for the fourth quarter of 2018

IR-2018-181, September 7, 2018 ― The IRS today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2018.

Retirees: Avoid a surprise tax bill; get enough tax taken out of pension payments; IRS Withholding Calculator can help

IR-2018-180, September 7, 2018 – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today urged retirees to make sure they are paying in enough tax during the year by using the Withholding Calculator, available on IRS.gov.

Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments

IR-2018-179, September 6, 2018  ― With nearly 10 million U.S. taxpayers facing a penalty for underpayment of estimated tax last year, the Internal Revenue Service urges taxpayers to plan ahead, understand their options and avoid the penalty when they file in early 2019.

Clarification for business taxpayers: Payments under state or local tax credit programs may be deductible as business expenses

IR-2018-178, September 5, 2018 — Business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive state or local tax credits can generally deduct the payments as business expenses, the Internal Revenue Service said today.

Tax Security 101: IRS, Summit Partners detail warning signs of client data theft; urge tax professionals to remain alert

IR-2018-177, September 4, 2018 — The IRS, state tax agencies and the tax industry today called on tax professionals to be alert to the subtle signs of data theft, noting continuing cases where practitioners are victims of theft and don’t even know it.

IRS: Offshore Voluntary Compliance Program to end Sept. 28

IR-2018-176, September 4, 2018 – The Internal Revenue Service today reminded taxpayers they have until Sept. 28 to apply for the Offshore Voluntary Disclosure Program (OVDP).

Tax Security 101: Security Summit reminds professional tax preparers of data security plan requirements

IR-2018-175, August 28, 2018 — The IRS and Security Summit partners reminded tax professionals that protecting taxpayer information isn’t just good for the clients and good for business – it’s also the law.

IRS announces adjustments to the Compliance Assurance Process (CAP) program

IR-2018-174, August 27, 2018 – Internal Revenue Service officials announced today changes to the Compliance Assurance Process program for 2019.

New law makes clear: Combat-zone contract workers qualify for foreign earned income exclusion

IR-2018-173, August 24, 2018 — Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion.

Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits

IR-2018-172, August 23, 2018 — Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.

IRS to introduce new tax transcript to better protect taxpayer data

IR-2018-171, August 22, 2018 —  Moving to better protect taxpayer data, the IRS today announced a new format for individual tax transcripts that will redact personally identifiable information from the Form 1040 series.

Tax Security 101: Security Summit urges tax professionals to educate all employees about data security, computing safeguards

IR-2018-170, August 21, 2018 — The IRS and its Security Summit partners today called on tax professionals to step up security education for all office employees, including themselves, to better protect taxpayer data and help prevent fraudulent return filings.

Registration for Orlando IRS Nationwide Tax Forum ends soon; Save money by registering before Aug. 28

IR-2018-169, August 20, 2018 — The IRS today said that tax professionals wishing to attend the IRS Nationwide Tax Forum in Orlando can save $115.

For people involved in the sharing economy: Do a ‘Paycheck Checkup’ now, avoid a surprise year-end tax bill

IR-2018-168, August 17, 2018 — The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected tax bill when they file their return next year.

Taxpayers with children, other dependents should check their withholding soon

IR-2018-167, August 16, 2018 — The IRS urges taxpayers with children and other dependents to use the Withholding Calculator at IRS.gov to do a “paycheck checkup.”

Key tax change affects taxpayers with dependents; IRS urges workers to check withholding

IR-2018-166, August 15, 2018 — The IRS urges taxpayers who support dependents who can’t be claimed for the Child Tax Credit to do a paycheck checkup soon.

Taxpayers with high incomes, complex returns: Check withholding soon

IR-2018-165, August 14, 2018 — The Internal Revenue Service today urged high-income taxpayers and those with complex tax returns to check their withholding soon to avoid an unexpected tax bill or penalty when they file their 2018 federal income tax return in 2019.

Tax Security 101: Tax professionals must maintain, protect EFINs; Monitor EFINs, PTINs and CAF numbers

IR-2018-164, August 14, 2018 — The IRS and the Security Summit partners warned tax professionals that savvy cybercriminals target IRS-issued identification numbers to help impersonate practitioners as well as taxpayers.

Got a big tax refund? Use IRS Withholding Calculator to boost take-home pay in 2018

IR-2018-163, August 13, 2018 — Taxpayers who received large refunds earlier this year may be able to get more of their money included in their paychecks during the rest of 2018 by using the Withholding Calculator on IRS.gov.

IRS urges taxpayers to check withholding now to avoid tax surprises later; Spotlights special tools during week of Aug. 13 to help people overlooking major changes

August 9, 2018 —  With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done a “Paycheck Checkup” to take a few minutes to see if they are having the right amount of tax withholding following major changes in the tax law.

IRS issues proposed regulations on new 20 percent deduction for passthrough businesses

IR-2018-162, August 8, 2018 — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

Tax Security 101 – Tax professionals victimized by data thefts offer hard-won security lessons to colleagues

IR-2018-161, August 7, 2018 —  As cybercriminals continue to increasingly pursue tax professionals’ data, the IRS and the Security Summit partners today released lessons learned by victims in the tax community to help others avoid being targeted by identity thieves.

IRS issues guidance on small business accounting method changes under Tax Cuts and Jobs Act

IR-2018-160, August 3, 2018 — The IRS issued guidance today on new tax law changes that allow small business taxpayers with average annual gross earnings of $25 million or less in the prior three-year period to use the cash method of accounting.

Treasury, IRS issue proposed regulations on new 100 percent depreciation

IR-2018-159, August 3, 2018 — The Treasury Department and the Internal Revenue Service today issued proposed regulations on the new 100-percent depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service.

IRS and Treasury issue proposed regulations implementing Section 965

IR-2018-158, August 1, 2018 — The Internal Revenue Service and the Department of the Treasury today issued proposed regulations on section 965 of the Internal Revenue Code.

Tax Security 101: Security Summit reminds tax professionals to beware of spear phishing emails

IR-2018-157, July 31, 2018 — The IRS and its Security Summit partners today reminded tax professionals that being targeted by spear phishing emails remains the most common way data thieves enter practitioner’s digital networks and steal client information.

IRS offers guidance on recent 529 education savings plan changes

IR-2018-156, July 30, 2018 — The Internal Revenue Service and Department of the Treasury today announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans.

IR-2018-155, July 25, 2018 — The IRS today announced its Office of Professional Responsibility (OPR) reached a settlement agreement including a monetary penalty with a tax practitioner for violating professional rules of conduct set forth in Circular 230.

IRS censures tax practitioner for willfully mishandling conflicts of interest

IR-2018-154, July 25, 2018 – The Internal Revenue Service today announced its Office of Professional Responsibility (OPR) censured a tax practitioner for violating conflict of interest rules under Circular 230.

IRS reminds truckers: E-file highway use tax return by Aug. 31

IR-2018-153, July 25, 2018 — The Internal Revenue Service today reminded owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2018.

Registration for Chicago IRS Nationwide Tax Forum closes Aug. 7; Late or on-site registration available, but more costly

IR-2018-152, July 24, 2018 — Tax professionals wishing to attend the IRS Nationwide Tax Forum in Chicago can save $115 by registering by Aug. 7, according to the Internal Revenue Service.

Tax Security 101: Tax professionals must use strong passwords, encryption to protect taxpayer data

IR-2018-151, July 24, 2018 – The Internal Revenue Service and its Security Summit partners today urged all tax professionals to use strong passwords to protect accounts from cyberthieves and to consider encryption for all sensitive data.

Tax Security 101 – Security Summit outlines ‘Security Six’ basic safeguards for tax professionals’ computers and email

IR-2018-150, July 17, 2018 – The Internal Revenue Service and the Security Summit partners outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.

IRS offers summer tips for temporary jobs, marriage, deductions and credits

IR-2018-149, July 12, 2018 — Before starting a summer job, taking a vacation or sending the kids off to camp, the IRS wants taxpayers to know that some summertime activities may qualify for tax credits or deductions.

Veterans owed refunds for overpayments attributable to disability severance payments should file amended returns to claim tax refunds

IR-2018-148, July 11, 2018 — The IRS today is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as income that they should file Form 1040X, Amended U.S.

Tax Security 101 – IRS, Security Summit partners launch new awareness campaign; Urge tax professionals to step up protections for client data

IR-2018-147, July 10, 2018 – The Internal Revenue Service and its Security Summit partners today kicked off a summertime security awareness campaign for tax professionals with a new, expanded guide providing critical steps to protect client data and highlighting available resources.

IRS Working on a New Form 1040 for 2019 Tax Season

IR-2018-146, June 29, 2018 – As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.

Tax bill this year? Check withholding soon, avoid another one next year

IR-2018-145, June 28, 2018 — Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the IRS.

Electronic Tax Administration Advisory Committee issues 2018 annual report

IR-2018-144, June 27, 2018 — The Electronic Tax Administration Advisory Committee (ETAAC) today released its annual report, featuring numerous recommendations on a range of issues in electronic tax administration.

National Taxpayer Advocate identifies priority areas in mid year report to Congress; focuses on customer service challenges

IR-2018-143, June 27, 2018 — National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report to Congress that presents a review of the 2018 filing season, identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year and contains the IRS’s responses to each of the 100 administrative recommendations the Advocate made in her 2017 Annual Report to Congress.

Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver’s Credit

IR-2018-139, June 15, 2018 – People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.

IRS reminder: Second estimated tax payment due June 15; form, publication can help people pay the right amount following law changes

IR-2018-138, June 14, 2018 — With tax reform bringing major changes for the year ahead, the IRS today reminded self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the second estimated tax payment for 2018 is due on Friday, June 15, 2018.

More than 2 million ITINs to expire this year; Renew soon to avoid refund delays

 IR-2018-137, June 14, 2018 — With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the IRS today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year.

Interest rates remain the same in the third quarter of 2018

IR-2018-136, June 8, 2018 — The IRS today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2018, as they were in the quarter that began on April 1.

For new tax on some private colleges, stepped-up basis may apply to property sold at a gain; new basis rule may limit tax impact

IR-2018-134, June 8, 2018 — A private college or university, subject to the new 1.4 percent excise tax on net investment income, that sells property at a gain generally may use the property’s fair market value at the end of 2017 as its basis for figuring the tax on any resulting gain, the IRS said today.

With hurricane season underway, IRS warns of scams related to natural disasters

IR-2018-132, June 7, 2018 ― With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters.

IRS offers penalty, filing relief to many subject to new transition tax on foreign earnings

IR-2018-131, June 4, 2018 -- The Internal Revenue Service (IRS) today announced that it will waive certain late-payment penalties relating to the section 965 transition tax, and provided additional information for individuals subject to the section 965 transition tax regarding the due date for relevant elections.

IRS continues warning on impersonation scams; Reminds people to remain alert to other scams, schemes this summer

IR-2018-129, May 31, 2018 — With tax season completed, the Internal Revenue Service today warned taxpayers to remain vigilant for phishing emails and telephone scams.

IRS now billing those who filed but didn’t pay; Many payment options available 

IR-2018-128, May 29, 2018 — The IRS today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe to the IRS.

Law change affects moving, mileage and travel expenses

IR-2018-127, May 25, 2018  — The Internal Revenue Service today provided information to taxpayers and employers about changes from the Tax Cuts and Jobs Act that affect: move related vehicle expenses; un-reimbursed employee expenses; and, vehicle expensing.

New law gives individuals and businesses more time to challenge a wrongful IRS levy; newly-revised publication can help

IR-2018-126, May 25, 2018 — Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service.

IRS warns tax pros of new scam posing as professional associations

IR-2018-125, May 24, 2018 — The IRS and its state and industry Security Summit partners today warned tax practitioners to beware of phishing emails posing as state accounting and professional associations. 

Two-income families, taxpayers working multiple jobs should check withholding amount

IR-2018-124, May 24, 2018 — The Internal Revenue Service urges two-income families and those who work multiple jobs to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from their paychecks. 

IRS issues new Strategic Plan; five-year plan's goal to help taxpayers

IR-2018-123, May 23, 2018 –– The Internal Revenue Service today released a new five-year Strategic Plan outlining goals to improve taxpayer service and tax administration.

IRS issues notice on state and local tax deductions

IR-2018-122, May 23, 2018 — The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes.

Taxpayers who usually itemize deductions should check their withholding to avoid tax surprises

IR-2018-120, May 16, 2018 — The IRS encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” 

IRS warns of variation of Form W-8BEN scam; crooks impersonate IRS to get banking and other information

IR-2018-119, May 10, 2018 – The Internal Revenue Service today warned of a new twist tied to an old scam aimed at international taxpayers and non-resident aliens.

Seasonal, Part-year Workers Urged to Check Tax Withholding Amount

IR-2018-118, May 9, 2018 — The Internal Revenue Service today encouraged taxpayers who work seasonal jobs or are employed part of the year to visit the Withholding Calculator and perform a “paycheck checkup.”

New IRS online tool offers expanded access to information on tax-exempt organizations; newly-filed data available to public for first time

IR-2018-116, May 7, 2018 — The Internal Revenue Service today introduced a new online tool on IRS.gov designed to provide faster, easier access to publicly available information about exempt organizations.

IRS provides disaster readiness guidance during National Hurricane Preparedness Week

IR-2018-115, May 7, 2018 —  The IRS reminds taxpayers who may be impacted by hurricanes and other natural disasters that now is a good time to begin preparing for one. National Hurricane Preparedness Week runs from May 6-12.

IRS urges small businesses: Protect IT systems from identity theft

IR-2018-111, May 3, 2018 — The IRS, state tax agencies and the nation’s tax industry are warning small businesses to be on-guard against a growing wave of identity theft attempts against employers.

IRS provides certain small employers with relief for the small business health care tax credit for 2017 and later years

IR-2018-108, April 27, 2018 ― The Internal Revenue Service today issued guidance that provides relief for certain small employers that wish to claim the Small Business Health Care Tax Credit for 2017 and later years. 

IRS grants relief for taxpayers affected by reduction of maximum deductible Health Savings Account contributions

IR-2018-107, April 26, 2018 – The Internal Revenue Service today announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).

Tax law, cybersecurity key topics at the 2018 IRS Nationwide Tax Forums

IR-2018-106, April 26, 2018 — With recent tax law changes and continued cybersecurity threats facing the tax community, the Internal Revenue Service today encouraged tax professionals to sign up for this summer’s Nationwide Tax Forums to get the latest information and developments.

IRS describes new tax reform information reporting requirements for certain life insurance contract transactions and provides transitional guidance delaying reporting until final regulations are issued

IR-2018-104, April 26, 2018 — The Internal Revenue Service today described the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act (TCJA)

IRS, Security Summit Partners warn of new twist on phone scam; crooks direct taxpayers to IRS.gov to “verify” calls

IR-2018-103, April 24, 2018 — The IRS today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers to trick taxpayers into paying non-existent tax bills.

Missed the tax-filing deadline? IRS issues tips on what to do

IR-2018-102, April 23, 2018 — While the federal income tax-filing deadline has passed for most people, there are some taxpayers still facing tax-related issues.

Many corporations will pay a blended federal income tax this year under the new tax reform law 

IR-2018-99, April 16, 2018 – Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes. 

IRS urges ‘Paycheck Checkup’ for key groups; tax withholding may need adjustment

IR-2018-80, April 2, 2018 — The IRS today encouraged several key groups of taxpayers to perform a “paycheck checkup” to check if they are having the right amount of tax withholding following recent tax-law changes.

Tax filing deadline postponed until June 29 for victims of Hurricane Maria in Puerto Rico and the Virgin Islands

IR-2018-69, March 22, 2018  –– The IRS is reminding victims of Hurricane Maria in the U.S. Virgin Islands and in the Commonwealth of Puerto Rico that filing and payment activities have been further postponed beyond Jan. 31, 2018.

Taxpayer Advocacy Panel Members Selected for 2018

IR-2018-67, March 21, 2018 — The IRS recommended and the Department of the Treasury has approved the selection of 25 new members to serve on the nationwide Taxpayer Advocacy Panel.

IRS wraps up ‘Dirty Dozen’ list of tax scams for 2018; Encourages taxpayers to remain vigilant

IR-2018-66, March 21, 2018 — The IRS today concluded its annual "Dirty Dozen" list of tax scams with a warning to taxpayers to remain vigilant about these aggressive and evolving schemes throughout the year.

IRS online tool lets taxpayers check their account balance

IR-2018-63, March 19, 2018 — The IRS today urged taxpayers to use a handy online tool to check the status of their federal tax accounts.

IRS to end offshore voluntary disclosure program; Taxpayers with undisclosed foreign assets urged to come forward now

IR-2018-52, March 13, 2018 – The Internal Revenue Service today announced it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018.

Winter storm extension: Many businesses have extra time to request a 6-month extension

IR-2018-50, March 13, 2018 — The IRS today granted many businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns.

Updated Withholding Calculator, Form W-4 Released; Calculator Helps Taxpayers Review Withholding Following New Tax Law

IR-2018-36, February 28, 2018 — The IRS today released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December.

IRS Statement on Retroactive Extender Provisions

February 9, 2018 - The IRS is reviewing the legislation signed Feb. 9 that retroactively extended and modified numerous tax provisions covering 2017

Key IRS Identity Theft Indicators Continue Dramatic Decline in 2017; Security Summit Marks 2017 Progress Against Identity Theft

IR-2018-21, February 8, 2018 –The Internal Revenue Service today announced steep declines in tax-related identity theft in 2017, attributing the success to the Security Summit initiatives that help safeguard the nation’s taxpayers.

IRS Announces 2018 Pension Plan Limitations Not Affected by Tax Cuts and Jobs Act of 2017

IR-2018-19, February 6, 2018— The Internal Revenue Service today announced that the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64.

IRS Selects New Advisory Council Members

IR-2017-4, January 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-2018-3, January 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.

IRS Statement – Withholding for 2018

December 26, 2017 — The IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22.

IRS Statement - Secure Access

December 8, 2017 — IRS announced that taxpayers may resume creating new accounts protected by Secure Access authentication.

Tax Reform Marketing Materials

Get free materials to share with your customers, employees, volunteers, etc. about the Tax Cuts and Jobs Act.

Commissioner's Comments, Statements and Remarks

Prepared comments, statements and remarks by the IRS Commissioner.

2018 and Prior Year Filing Season Statistics

Filing season statistics showing cumulative and comparative totals.

Budget in Brief FY 2017

This summarizes how the budget request will enable the agency to meet its strategic goals: improve customer service and enhance enforcement of the tax laws.

IRS Future State

As the needs of the tax community and taxpayers continue to rapidly change, the IRS has intensified its efforts to pursue a Future State of tax administration, touching on a variety of projects and issues across the agency.

IRS Charts a Path Forward with Immediate Actions

The IRS is outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the IRS. 

Questions and Answers on 501(c) Organizations

May 15, 2013 — The IRS has received a variety of questions related to the exempt organization issues recently raised. The Q&As answer some basics on the issue. 

Fiscal Year 2017 Enforcement and Service Results

The Fiscal Year 2017 Enforcement and Service Results (tables) provide the dollars collected from the examination (audit) and collection functions of the IRS. The results also tally the results of various taxpayer assistance programs.

Compliance & Enforcement News

A collection of recent news releases, statements and other items related to IRS compliance and enforcement efforts.

Email Updates

Tax tips, filing season news, and more.

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