With new SALT limit, IRS explains tax treatment of state and local tax refunds | Internal Revenue Service IR-2019-59, March 29, 2019 WASHINGTON — The Internal Revenue Service today clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT)…
Plug-in electric vehicle manufacturer crosses 200,000 sold threshold; tax credit for eligible consumers begins phase down on April 1 | Internal Revenue Service IR-2019-57, March 26, 2019 WASHINGTON — The IRS announced today that General Motors, LLC has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the fourth…
IRS expands penalty waiver for those whose tax withholding and estimated tax payments fell short in 2018; key threshold lowered to 80 percent | Internal Revenue Service IR-2019-55, March 22, 2019 WASHINGTON — The Internal Revenue Service today provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell…
IRS issues proposed regulations on new tax reform reporting requirements for life insurance contract transactions; New reporting forms available | Internal Revenue Service IR-2019-54, March 22, 2019 WASHINGTON –The Internal Revenue Service today issued proposed regulations on the new information reporting requirements for certain life insurance contracts under the Tax Cuts and Jobs Act (TCJA)….
IRS concludes “Dirty Dozen” list of tax scams for 2019: Agency encourages taxpayers to remain vigilant year-round | Internal Revenue Service IRS YouTube Videos: Dirty Dozen – English | Spanish | ASLTax Scams – English | Spanish | ASL IR-2019-49, March 20, 2019 WASHINGTON — The Internal Revenue Service today wrapped up issuing its annual…
Frivolous tax arguments remain on IRS’ ‘Dirty Dozen’ scams list for 2019 | Internal Revenue Service IRS YouTube Videos: Dirty Dozen – English | Spanish | ASL IR-2019-45, March 18, 2019 WASHINGTON — The Internal Revenue Service today issued a warning to taxpayers against using frivolous tax arguments to avoid paying taxes. This scheme involving…
Avoid improper claims for business credits; topic makes this year’s IRS “Dirty Dozen” list | Internal Revenue Service IRS YouTube Videos: Dirty Dozen – English | Spanish | ASL IR-2019-42, March 14, 2019 WASHINGTON — The Internal Revenue Service today warned taxpayers to avoid improperly claiming various business tax credits, a common scam used by…
IRS YouTube Videos: Dirty Dozen – English | Spanish | ASLTax Exempt Organization Search (TEOS) – English | ASL IR-2019-39, March 13, 2019 WASHINGTON — The Internal Revenue Service today encouraged taxpayers to be alert to scam groups masquerading as charitable organizations. Using a tax deduction as bait, these fake charities often lure victims into…
Schemes involving falsifying income, creating bogus documents make IRS’ “Dirty Dozen” list for 2019 | Internal Revenue Service IRS YouTube Videos: Dirty Dozen – English | Spanish | ASL IR-2019-35, March 11, 2019 WASHINGTON — The Internal Revenue Service today warned taxpayers to avoid schemes involving falsifying income, including the creation of bogus Forms 1099….
IRS YouTube Videos: Dirty Dozen – English | Spanish | ASLChoose a Tax Preparer Wisely – English | Spanish | ASL IR-2019-32, March 7, 2019 WASHINGTON — The Internal Revenue Service today included tax return preparer fraud on its “Dirty Dozen” list of common tax scams for 2019 and offered tips to help taxpayers avoid unscrupulous tax preparers. With the Tax Cuts and Jobs Act,…
