IR-2018-213, November 2, 2018 WASHINGTON — The Internal Revenue Service announced today an agreement with the Free File Alliance that will strengthen and expand taxpayer options for people choosing to use the free online software program during the 2019 filing season. The agreement updates several areas designed to make the Free File program more taxpayer…
IR-2018-211, Nov. 1, 2018 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in Notice 2018-83. Highlights of Changes for 2019 The contribution limit for employees who participate in…
IR-2018- 209, Oct. 30, 2018 WASHINGTON — The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year. This is the first in a series of reminders to help taxpayers get ready for the upcoming tax…
IR-2018-208, Oct. 24, 2018 WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2018 including numerous recommendations to the Internal Revenue Service on new and continuing issues in tax administration. The report includes a discussion on how to implement and/or improve processes such as those for the Change of…
IR-2018-207, Oct. 23, 2018 WASHINGTON — The Internal Revenue Service today reminded the nation’s more than 768,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2019. All current PTINs will expire Dec. 31, 2018. Anyone who prepares or helps prepare any federal tax return, or claim for refund,…
IR-2018-205, October 18, 2018 Washington — The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov. Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), posted last month on IRS.gov, has been updated to reflect a key change made by the…
IR-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive. Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits. Under a…
IR-2018-203, October 16, 2018 WASHINGTON — The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business. With just a few months left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax obligations….
IR-2018-202, October 15, 2018 Washington — After additional disaster declarations by FEMA, the IRS has added more counties that are eligible for individual and public assistance in areas of Florida and Georgia affected by Hurricane Michael. As the agency did throughout the weekend in advance of the Oct. 15 extension deadline, the IRS will be…
IR-2018-198, October 10, 2018 WASHINGTON — The Internal Revenue Service reminds taxpayers who filed extensions that electronic filing and other options for help with taxes are still available before the Oct. 15 deadline. Taxpayers who did not request an extension and have yet to file a 2017 tax return can generally avoid additional penalties and…
