Some people get more time to file without asking; Anyone else can request an automatic extension | Internal Revenue Service IR-2019-73, April 12, 2019 WASHINGTON — Anyone can request an automatic tax-filing extension, but some people get extra time without asking, according to the Internal Revenue Service. The IRS estimates that more than 14.6 million…
IRS issues guidance providing safe harbor for trades of player and staff-member contracts and draft picks | Internal Revenue Service IR-2019-70, April 11, 2019 WASHINGTON –The Internal Revenue Service issued guidance today that provides a safe harbor allowing professional sports teams to treat certain player and staff-member contracts and draft picks as having a zero…
IRS now seeking volunteers for Taxpayer Advocacy Panel | Internal Revenue Service IR-2019-68, April 8, 2019 WASHINGTON — The Internal Revenue Service today announced it seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP). The TAP is a federal advisory committee that listens to taxpayers, identifies major taxpayer concerns and makes recommendations for…
IRS: Rushing to file taxes can result in errors, use e-file, file extension if needed | Internal Revenue Service IR-2019-65, April 8, 2019 WASHINGTON — As the April tax-filing deadline nears, many taxpayers may rush to finish their tax returns or find they need extra time to get them done. The IRS recommends that taxpayers…
Estimated taxes form and publication can help people pay the right amount in 2019 | Internal Revenue Service IRS YouTube Videos: IRS Withholding Calculator Tips – EnglishEstimated Tax Payments – English | Spanish | ASL IR-2019-62, April 3, 2019 WASHINGTON –The Internal Revenue Service today reminded self-employed individuals, retirees, investors and others who pay their…
Tax Time Guide: Tax help is just a click away on IRS.gov | Internal Revenue Service IR-2019-56, March 26, 2019 WASHINGTON — The Internal Revenue Service reported that there were more than 585 million visits to IRS.gov by taxpayers finding answers to tax questions, e-filing tax returns and checking on their tax refunds in 2018….
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)….
