Tax Withholding Estimator helps retirees; figures tax on Social Security benefits | Internal Revenue Service Free step-by-step webinar September 19 IR-2019-155, September 13, 2019 WASHINGTON — The new Tax Withholding Estimator, launched last month on IRS.gov, includes user-friendly features designed to help retirees quickly and easily figure the right amount of tax to be taken…
IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit | Internal Revenue Service IR-2019-157, September 16, 2019 WASHINGTON — The Internal Revenue Service announced today the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Taxpayers eligible for this offer will…
Treasury, IRS release final and proposed regulations on new 100% depreciation | Internal Revenue Service IR-2019-156, September 13, 2019 WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the new 100% additional first year depreciation deduction that…
IRS announces leadership appointments in the Small Business/Self-Employed Division; Harris, Guillot join Hylton in key enforcement positions | Internal Revenue Service IR-2019-153, September 11, 2019 WASHINGTON — The Internal Revenue Service today announced that Darren Guillot has been selected as the Deputy Commissioner for Collection and Operations Support in the Small Business/Self-Employed Division (SB/SE) and…
Third quarter estimated tax payment due Sept. 16 | Internal Revenue Service Online tools at IRS.gov help people stay current IR-2019-152, September 9, 2019 WASHINGTON – With major tax reform now in its second year and taxpayers seeing its full effect on 2018 returns, the Internal Revenue Service today reminded people who pay estimated tax…
IRS announces new procedures to enable certain expatriated individuals a way to come into compliance with their U.S. tax and filing obligations | Internal Revenue Service IR-2019-151, September 6, 2019 WASHINGTON — The Internal Revenue Service today announced new procedures that will enable certain individuals who relinquished their U.S. citizenship to come into compliance with…
As Hurricane Dorian gains strength, IRS encourages preparation for natural disaster | Internal Revenue Service IR-2019-147, August 29, 2019 WASHINGTON — As Dorian threatens and with the peak of hurricane season just ahead, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. Taxpayers, whether individuals, organizations or businesses, should take time now…
IRS announces waiver of dyed fuel penalty in Florida due to Hurricane Dorian | Internal Revenue Service IR-2019-148, August 30, 2019 WASHINGTON – To minimize or prevent disruptions to the supply of fuel for diesel-powered highway vehicles because of Hurricane Dorian, the Internal Revenue Service announced today it will not impose a penalty when dyed…
Interest rates remain the same for the fourth quarter of 2019 | Internal Revenue Service IR-2019-146, August 28, 2019 WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2019, as they were in the prior quarter. The rates will be: five (5)…
Security Summit warns of new IRS impersonation email scam; reminds taxpayers the IRS does not send unsolicited emails | Internal Revenue Service IR-2019-145, August 22, 2019 WASHINGTON — The Internal Revenue Service and its Security Summit partners today warned taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally on email. Remember:…
