IRS automatically waives estimated tax penalty for eligible 2018 tax filers | Internal Revenue Service IR-2019-144, August 14, 2019 WASHINGTON — The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS…
Moriarty selected as new associate chief counsel for Income Tax and Accounting | Internal Revenue Service IR-2019-142, August 12, 2019 WASHINGTON — The Internal Revenue Service’s Chief Counsel announced that John Moriarty has been selected as the new associate chief counsel, Income Tax and Accounting. “John Moriarty will bring a wealth of leadership skills to…
Individuals with significant tax debt should act promptly to avoid revocation of passports | Internal Revenue Service IR-2019-141, August 8, 2019 WASHINGTON — The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel…
Qualified Business Income sessions highlight 2019 Nationwide Tax Forum; 199A popular topic for tax pros attending | Internal Revenue Service IR-2019-130, July 22, 2019 WASHINGTON – The Internal Revenue Service reminded tax professionals that this year’s Nationwide Tax Forums offer several different sessions focusing on the new tax law’s provisions involving Qualified Business Income. The…
Tax Security 2 point 0 – A ‘Taxes-Security-Together’ Checklist – Step 2 | Internal Revenue Service IRS, Security Summit partners remind practitioners that all ‘professional tax preparers’ must create a written data security plan to protect clients IR-2019-131, July 23, 2019 WASHINGTON — The IRS, state tax agencies and the nation’s tax industry today reminded…
IRS provides additional details on transition tax on untaxed foreign earnings | Internal Revenue Service IR-2019-128, July 16, 2019 WASHINGTON — The Internal Revenue Service provided additional information to help taxpayers meet their filing and payment requirements for the Section 965 transition tax on untaxed foreign earnings. The Tax Cuts and Jobs Act requires certain…
New Orleans prepped for IRS Nationwide Tax Forum, Aug. 6-8 | Internal Revenue Service Tax pros learn newest details on tax law, cybersecurity, disasters IRS YouTube Videos: 2019 IRS Nationwide Tax Forum IR-2019-126, July 16, 2019 WASHINGTON — The IRS Nationwide Tax Forum slated for New Orleans is chock full of important information tax professionals…
Have a sunnier tax season with these summertime IRS tax tips | Internal Revenue Service IRS YouTube Videos: Getting Married? – English | ASLSummer Day Camp Expenses – English | Spanish | ASLPart-time and Summer Jobs – EnglishPaycheck Checkup – English | ASL IR-2019-124, July 10, 2019 WASHINGTON — Buying a home? Working a summer…
National Taxpayer Advocate Nina Olson releases comprehensive report intended to improve EITC administration; publishes “subway map” of taxpayer’s journey through the tax system | Internal Revenue Service IR-2019-123, July 10, 2019 WASHINGTON — National Taxpayer Advocate Nina E. Olson today released a special report on the Earned Income Tax Credit (EITC), which makes recommendations designed…
June 22, 2019 Even after the April 15th filing deadline The Franchise Tax Board continues to remind taxpayers to plan ahead to withhold the correct amount of taxes from their paychecks to account for changes in federal tax law. Controller Betty T. Yee, Chair of the FTB, encourages everyone to take advantage of the Withholding Calculator offered…
