IRS Reminds Taxpayers to Report Virtual Currency Transactions

IRS Reminds Taxpayers to Report Virtual Currency Transactions

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March 26, 2018



Washington, DC - - (March 23, 2018) - - The Internal Revenue Service today reminded taxpayers that income from virtual currency transactions is reportable on their income tax returns. Virtual currency transactions are taxable by law just like transactions in any other property. The IRS has issued guidance in ...

U.S. Internal Revenue Service Criminal Investigation Releases Fiscal Year 2016 Annual Report



March 3, 2017


Washington, DC - - (February 27, 2017) - - The Internal Revenue Service today announced the release of its IRS Criminal Investigation (CI) annual report, reflecting the significant accomplishments and criminal enforcement actions taken in fiscal year 2016.

IRS CI initiated 3,395 cases in FY 2016 that focused on tax-related identity...

U.S. Internal Revenue Service Tax Time Guide: Use Free File for Help with Tax Returns, Extensions and More




March 1, 2017


Washington, DC - - (February 27, 2017) - - The Internal Revenue Service today reminded the millions of taxpayers who have yet to file their taxes that IRS Free File remains available either online at IRS.gov/FreeFile or through the mobile app, IRS2Go. The IRS2Go app is available for Android and iOS devices. The IRS Free Fi...

March 1 Tax Deadline Nears for Many Farmers and Fishermen - - - IRS Direct Pay Offers an Easy Way to Pay Taxes




March 1, 2017


Washington, DC - - (February 24, 2017) - - The Internal Revenue Service is reminding farmers and fishermen about Wednesday’s deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Taxpayers with income from farming or fishing have until Wednesday, March 1 to ...

U.S. Internal Revenue Service Reminds International Taxpayers of Tax Obligations; Clarifies Rules for Tax Withholding Agents





March 1, 2017


Washington, DC - - (February 23, 2017) - - The Internal Revenue Service today reminded non-U.S. citizens who may have taxable income, such as international students and scholars who may be working or receiving scholarship funds, that they may have special requirements to file a U.S. tax return. The ...

U.S. Internal Revenue Service Makes Approved Form 1023-EZ Data Available Online



Washington, DC - - (February 22, 2017) - - The Internal Revenue Service announced today that publicly available information from approved applications for tax exemption using Form 1023-EZ, Streamlined Application for Recognition of Exemption, is now available electronically for the first time.

The data on IRS.gov is available in spreadsheet format and includes information for approved...

Avoid the Rush: IRS Extends Service Hours to Assist Taxpayers at Presidents Day Peak






February 18, 2017


Washington, DC - - (February 17, 2017) - - To help meet the high demand to its toll-free call center that typically comes with the Presidents Day holiday, the Internal Revenue Service is extending its customer service hours. The IRS toll-free telephone lines will be available Saturday, Feb. 18, from 9 a.m. to 5 p.m. (callers’...

Security Summit Alert: Tax Professionals Warned of New Scam to “Unlock” Their Tax Software Accounts







February 18, 2017


Washington, DC - - (February 17, 2017) - - The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals to be alert to a new phishing email scam impersonating software providers. The scam email comes with the subject line, “Access Locked.” It tells recipients that access...

U.S. Internal Revenue Service says Avoid the Rush when Calling the IRS - - Be Prepared to Validate Identity






February 16, 2017


Washington, DC - - (February 14, 2017) - - The Internal Revenue Service said mid-February marks the agency’s busiest time of the year for telephone calls. The IRS is reminding taxpayers who have questions about their tax accounts to be prepared to validate their identity when speaking with an IRS assistor....

U.S. Internal Revenue Service says Dangerous W-2 Phishing Scam is Evolving



Targeting Schools, Restaurants, Hospitals, Tribal Groups and Others





February 8, 2017


Washington, DC - - (February 2, 2017) - - The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading...