Tips from IRS for Year-End Gifts to Charity
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.
IRS begins processing 2014 amended returns claiming the Health Coverage Tax Credit on Dec 1
Beginning Dec. 1, 2015, the IRS will begin processing tax year 2014 amended tax returns for taxpayers eligible to claim the Health Coverage Tax Credit for 2014.
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.
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.
Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; 48 States and Puerto Rico Affected
IR-2015-110, Sept. 29, 2015 — Farmers and ranchers who previously were forced to sell livestock due to drought 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.
Tax-filing Extension Expires Oct. 15 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits
IR-2015-109, Sept. 28, 2015 — The IRS today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system.
U.S. Signs Competent Authority Arrangements with Australia and the United Kingdom in Accordance with the Intergovernmental Agreements
IR-2015-108, Sept. 24, 2015 — The IRS announced today that the Competent Authority of the United States has signed Competent Authority Arrangements with Australia and the United Kingdom to improve international tax compliance and implement FATCA.
Many Businesses Must File Their Tax Returns by Sept. 15; More Businesses Are Choosing e-file as the Best Option
IR-2015-107, Sept. 11, 2015 — The IRS today reminded corporations and partnerships that took extensions to file their income tax returns by the Sept. 15 deadline, which applies to any business whose fiscal year is also the calendar year.
Interest Rates Remain the Same for the Fourth Quarter of 2015
IR-2015-106, Sept. 4, 2015 – The IRS today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2015.
For Colleges and Universities: IRS Waives Penalties for Missing or Incorrect Taxpayer Identification Numbers
The IRS is waiving penalties assessed against any college, university or other educational institution for Forms 1098-T that were filed with an incorrect or missing taxpayer identification number (TIN).
Additional IRS Statement on the "Get Transcript" Incident
Aug. 17, 2015 — The IRS has issued an additional statement on the Get Transcript incident, discussing its extensive review covering the 2015 filing season.
IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million
IR-2015-99, Aug. 6, 2015 — Following the emergence of new variations of widespread tax scams, the IRS today issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers use to trick people.
IRS Statement on the Senate Finance Committee Report
Aug. 5, 2015 — The IRS has issued a statement on the Senate Finance Committee report.
Empowerment Zone Designations Continue Through the End of 2014
IR-2015-88, June 15, 2015 — Businesses and other entities can rely on empowerment zone designations being available through the end of 2014.
IRS, Industry, States Take New Steps Together to Fight Identity Theft, Protect Taxpayers
IR-2015-87, June 11, 2015 —The IRS joined today with representatives of tax preparation and software firms, payroll and tax financial product processors and state tax administrators to announce a sweeping new collaborative effort to combat identity theft refund fraud and protect the nation's taxpayers.
Security Summit: Protecting Taxpayers from Identity Theft Tax Refund Fraud
The IRS is working with representatives of the software industry, tax preparation firms, payroll and tax financial product processors and state tax administrators on a new collaborative effort to combat identity theft refund fraud to protect the nation's taxpayers.
Written Testimony of Commissioner Koskinen on Unauthorized Attempts to Access Taxpayer Data before Senate Finance Committee
June 2, 2015 — Commissioner Koskinen testifies before the Senate Finance Committee to provide information on the recent unauthorized attempts to obtain taxpayer data through the IRS’s “Get Transcript” online application.
IRS Statement on the "Get Transcript" Application
May 26, 2015 — The IRS announced that criminals used data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application.
Written Testimony of Commissioner Koskinen before the House Ways and Means Committee’s Subcommittee on Oversight on the 2015 Tax Filing Season
April 22, 2015 — IRS Commissioner Koskinen provides an update on successes and challenges of the 2015 filing season for the IRS and taxpayers.
Written Testimony of IRS Commissioner Koskinen before the Senate Homeland Security and Governmental Affairs Committee on Implementation of the Affordable Care Act
April 15, 2015 — IRS Commissioner John Koskinen testifies before the Senate on the work that the IRS has done to fulfill its responsibilities under the Affordable Care Act for this filing season.
Don’t be Fooled, Phone Scams Continue to Be Serious Threat Nationwide
IR-2015-62, March 31, 2015 — As April 1st approaches, the IRS warns taxpayers not to be fooled by tricks used by scammers to make it look like the IRS is calling.
PREPARED REMARKS OFJOHN A. KOSKINEN COMMISSIONER, INTERNAL REVENUE SERVICE, BEFORE THE NATIONAL PRESS CLUB
March 31, 2015 — Commissioner Koskinen speaks before the National Press Club.
Taxpayers Receiving Identity Verification Letter Should Use IDVerify.irs.gov
IR-2015-54, March 18, 2015 — The IRS today reminded taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task.
IRS’s Top Ten Identity Theft Prosecutions; Part of Ongoing Efforts to Protect Taxpayers, Prevent Refund Fraud
IR-2015-37, March 3, 2015 — Continuing its enforcement push against refund fraud and identity theft, the IRS today announced the top ten identity theft prosecutions for Fiscal Year 2014.
IRS Warns Tax Preparers to Watch out for New Phishing Scam; Don’t Click on Strange Emails or Links Seeking Updated Information
IR-2015-31, Feb. 18, 2015 — The IRS today warned return preparers and other tax professionals to be on guard against bogus emails making the rounds seeking updated personal or professional information that in reality are phishing schemes.
IRS Makes it Easier for Small Businesses to Apply Repair Regulations to 2014 and Future Years
IR-2015-29, Feb. 13, 2015 — The IRS has made it easier for small business owners to comply with the final tangible property regulations.
Statement of IRS Commissioner John Koskinen on the Fiscal Year 2016 Budget
Feb. 2, 2015 — Internal Revenue Service Commissioner John Koskinen commented on the proposed budget for the IRS for FY 2016.
Identity Theft a Major Concern on the IRS Annual “Dirty Dozen” List of Tax Scams to Avoid
IR-2015-07, Jan. 26, 2015 — The IRS today issued a filing season alert warning taxpayers to watch out for identity theft at tax time, one of the year’s “Dirty Dozen” tax scams.
Phishing Remains on the IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season
IR-2015-06, Jan. 23, 2015 — The IRS today warned taxpayers to watch out for fake emails or websites looking to steal personal information.
Phone Scams Continue to be Serious Threat, Remain on IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season
IR-2015-05, Jan. 22, 2015 — Aggressive and threatening phone calls by criminals impersonating IRS agents remain near the top of the annual "Dirty Dozen" list of tax scams for the 2015 filing season, the Internal Revenue Service announced today.
Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers
IR-2014-105, Oct. 31, 2014 — As incidents of an aggressive telephone scam continue across the country, the IRS unveiled a new YouTube video with a renewed warning to taxpayers not to be fooled by imposters posing as tax agency representatives.
IRS Provides Information about the Affordable Care Act in Spanish
IR-2014-101, Oct. 28, 2014 — The IRS has several options for Spanish speakers to get information about the tax provisions of the Affordable Care Act.
IRS Warns Financial Institutions of Scams Designed to Steal FATCA-Related Account Data
IR-2014-92, Sept. 24, 2014 — The IRS today issued a fraud alert for international financial institutions complying with FATCA about scammers posing as the IRS who solicit financial institutions seeking account holder identity and financial account information.
Tax Relief for Victims of Terrorist Attacks
The Victims of Terrorism Tax Relief Act of 2001 provides tax relief for victims and survivors of terrorist attacks. To benefit, taxpayers must use the following guidelines and time frames set by law.
IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply
IR-2014-36, March. 25, 2014 — Virtual currency is treated as property for U.S. Federal tax purposes; general rules for property transactions apply.
Report Outlines Changes for IRS To Ensure Accountability, Chart a Path Forward; Immediate Actions, Next Steps Outlined
IR-2013-62, June 24, 2013 ― IRS Principal Deputy Commissioner Werfel issued a report 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.
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.
FAQs on New Payment Card Reporting Requirements
The IRS is providing special transitional relief to banks and other payment settlement entities required to begin reporting payment card and third-party network transactions on new Form 1099-K.
The American Recovery and Reinvestment Act of 2009: Information Center
Update on the new economic stimulus legislation.
Compliance & Enforcement News
A collection of recent news releases, statements and other items related to IRS compliance and enforcement efforts.
Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples
IR-2013-72, Aug. 29, 2013 — Treasury and the IRS today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes.
Fiscal Year 2014 Enforcement and Service Results
The Fiscal Year 2014 Enforcement and Service Results provide the dollars collected from the examination (audit) and collection functions of the IRS. The results also tally various taxpayer assistance program results.