IRS, Treasury issue guidance under Tax Cuts and Jobs Act and the Consolidated Appropriations Act of 2018 for cooperatives and patrons of cooperatives | Internal Revenue Service WASHINGTON — The Treasury Department and Internal Revenue Service today issued legal guidance under the 2017 Tax Cuts and Jobs Act (TCJA) and the Consolidated Appropriations Act of…
Millions more ITINs set to expire in 2019; IRS says renew early to prevent refund delays | Internal Revenue Service IRS YouTube Videos: Individual Taxpayer Identification Number (ITIN) – English | Spanish IR-2019-118, June 19, 2019 WASHINGTON — Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019…
National Taxpayer Advocate Nina Olson delivers her final report to Congress; identifies priority challenges facing the IRS and TAS | Internal Revenue Service IR-2019-119, June 20, 2019 WASHINGTON — National Taxpayer Advocate Nina E. Olson today released her 37th and final report to Congress in advance of her previously announced retirement on July 31. In…
IR-2019-114, June 14, 2019 WASHINGTON — The Treasury Department and the Internal Revenue Service issued final and proposed regulations today concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner, and the treatment of income of a…
IRS Withholding Calculator can help workers have right amount of tax withheld following tax law changes | Internal Revenue Service IR-2019-110, June 12, 2019 WASHINGTON — Following the biggest set of tax law changes in more than 30 years, the Internal Revenue Service continues to remind taxpayers to do a Paycheck Checkup to help make…
IRS poll: More Americans believe it’s ‘OK’ to cheat on your taxes Forbes Media Chairman Steve Forbes, River Twice Capital President Zachary Karabell, FOX Business’ Liz Claman and Kingsview Asset Management CIO Scott Martin on a new poll, which shows that more American believe it’s okay to cheat on your taxes. With the arrival of tax…
IRS continues campaign to encourage taxpayers to do a Paycheck Checkup; use Withholding Calculator to help get right amount for 2019 | Internal Revenue Service IR-2019-107, June 10, 2019 WASHINGTON — The Internal Revenue Service today launched a special week-long campaign encouraging taxpayers to do a Paycheck Checkup now to make sure they are having…
IRS warns of higher penalty for some tax returns filed after June 14 | Internal Revenue Service IR-2019-106, June 7, 2019 WASHINGTON — The Internal Revenue Service urges taxpayers who owe tax and have not filed their 2018 return to act before Friday, June 14, before a larger penalty kicks in. The failure-to-file penalty is…
IRS Tax Forum ‘early bird’ registration ends June 15; enroll early, save | Internal Revenue Service IR-2019-100, June 3, 2019 WASHINGTON — The Internal Revenue Service is reminding tax professionals that reduced cost “early bird” registration for all five 2019 IRS Nationwide Tax Forums ends June 15 at 5 p.m. Eastern time. The IRS hosts…
IRS releases Data Book for 2018 showing range of tax data including audits, collection actions and taxpayer service | Internal Revenue Service IR-2019-96, May 20, 2019 WASHINGTON — The Internal Revenue Service today released the 2018 IRS Data Book, a snapshot of agency activities for the fiscal year. The 2018 IRS Data Book describes activities…
