IRS: Doing a ‘Paycheck Checkup’ is a good idea for workers with multiple jobs | Internal Revenue Service IR-2019-97, May 23, 2019 WASHINGTON — The Internal Revenue Service urges taxpayers who work multiple jobs or who may be adding summer employment to complete a Paycheck Checkup. Doing so will help them check if they are…
IRS seeks grant applications for Tax Counseling for the Elderly Program | Internal Revenue Service IR-2019-94, May 16, 2019 WASHINGTON – The Internal Revenue Service is now accepting applications for the Tax Counseling for the Elderly (TCE) grant program. Interested applicants can find the TCE application package on Grants.gov. All applications must be submitted through…
During Small Business Week, IRS spotlights expanded tax benefits for depreciation and expensing | Internal Revenue Service IR-2019-92, May 9, 2019 WASHINGTON — During Small Business Week, the Internal Revenue Service is highlighting tax reform changes that impact depreciation and expensing for nearly every business. In some cases, these changes allow small business owners and…
IRS highlights credits and deductions for businesses during Small Business Week | Internal Revenue Service IR-2019-93, May 10, 2019 WASHINGTON — During Small Business Week, the Internal Revenue Service reminds small business owners and self-employed individuals to take deductions and credits that will help their bottom line. This year, National Small Business Week is May…
New requirement applies to any business seeking a tax ID number; IRS offers data security tips during National Small Business Week | Internal Revenue Service IR-2019-89, May 7, 2019 WASHINGTON — During National Small Business Week, the Internal Revenue Service wants small business taxpayers and the self-employed to know that, starting May 13, an important…
IRS accepting applications for 2020 grants for low income taxpayer clinics | Internal Revenue Service IR-2019-83, May 1, 2019 WASHINGTON — The Internal Revenue Service today announced that the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2020 will run from May 1, 2019, to June 17, 2019. The LITC Program…
Done with taxes this year? Use 2018 return to get 2019 withholding right | Internal Revenue Service IR-2019-80, April 26, 2019 WASHINGTON — Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If…
IRS announces multi-year plan to update, modernize IT systems; Effort focused on improved taxpayer services, expanded cybersecurity and taxpayer data protections | Internal Revenue Service IR-2019-77, April 18, 2019 WASHINGTON — The Internal Revenue Service released today a six-year plan to modernize the agency’s Information Technology systems and improve a variety of taxpayer services critical…
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…
