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Tax News

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  • Tax Day now July 15 - - - Treasury, IRS Extend Filing Deadline and Federal Tax Payments Regardless of Amount Owed

    Tax Day now July 15: Treasury, IRS Extend Filing Deadline and Federal Tax Payments Regardless of Amount Owed | site |



    (March 21, 2020) - - In a press release dated March 21, 2020 the U.S. Internal Revenue Service provided the following information: WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal ...
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  • Treasury, IRS and Labor announce Plan to implement Coronavirus-related Paid Leave

    Treasury, IRS and Labor announce Plan to implement Coronavirus-related Paid Leave

    Treasury, IRS and Labor announce Plan to implement Coronavirus-related Paid Leave for Workers and Tax Credits for Small and Midsize Businesses to swiftly Recover the Cost of providing Coronavirus-related Leave | site |




    (March 20, 2020) - - In a press release dated March 20, 2020 the U.S. Internal Revenue Service (IRS) provided the following information:

    WASHINGTON — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department...
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  • IRS announces Waivers for Offer in Compromise Applications

    IRS announces Waivers for Offer in Compromise Applications

    IRS announces Waivers for Offer in Compromise Applications| site |



    (March 12, 2020) - - Today (March 12, 2020), the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service today announced the release of final regulations that increase the Offer in Compromise application fee to $205 and provide an additional way for the IRS to waive the Offer in Compromise application fee for low-income taxpayers,
    ...
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  • IRS says Interest Rates remain the Same for the Second Quarter of 2020

    IRS says Interest Rates remain the Same for the Second Quarter of 2020

    U.S. Internal Revenue Service says Interest Rates remain the Same for the Second Quarter of 2020| site |



    (February 28, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON – The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2020. The rates will be:
    • five (5) percent for overpayments [four (4) percent in the case of a corpor
    ...
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  • Newly-revised IRS Publication explains Tax Benefits for Members of the Military

    Newly-revised IRS Publication explains Tax Benefits for Members of the Military

    Newly-revised IRS Publication explains Tax Benefits for Members of the Military| site |



    (February 24, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service has released its newly-revised tax guide, designed to help members of the military understand the many special tax benefits available to them under the law.

    Publication 3, Armed Forces' Tax Guide, now posted
    ...
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  • IRS says J5 Tax Chiefs are Closing the Net on Global Tax Evasion

    IRS says J5 Tax Chiefs are Closing the Net on Global Tax Evasion

    IRS says J5 Tax Chiefs are Closing the Net on Global Tax Evasion| site |



    (February 19, 2020) - - Today (February 19, 2020), the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — Leaders from five international tax organizations came together in Sydney, Australia, this week to review the J5's progress in their fight against transnational tax crime and set priorities for the year ahead. The Joint Chiefs of Global Tax Enforcement ...
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  • IRS says Avoid the Rush after Presidents Day Holiday - - Use IRS’ Online Tools to get Help

    IRS: Avoid the Rush after Presidents Day Holiday; Use IRS’ Online Tools to get Help| site |



    (February 13, 2020) - - Today (February 13, 2020), the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — With a surge of tax returns expected the two weeks following the February 17 Presidents Day holiday, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need quickl...
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  • Feb. 20 IRS Webinar focuses on Gig Economy

    Feb. 20 IRS Webinar focuses on Gig Economy

    February 20, 2020 U.S. Internal Revenue Service Webinar focuses on Gig Economy| site |




    (February 12, 2020) - - Today (February 12, 2020), the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service is holding a free webinar designed to help gig workers, employers, contractors and other businesses understand their tax reporting responsibilities. This free 60-minute webinar will take place ...
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  • IRS, Treasury issue Proposed Regulations updating Income Tax Withholding Rules

    IRS, Treasury issue Proposed Regulations updating Income Tax Withholding Rules

    U.S. Internal Revenue Service and the Department of the Treasury issue Proposed Regulations updating Income Tax Withholding Rules| site |




    (February 11, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating the federal income tax withholding rules to reflect changes made by the Tax Cuts and...
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  • IRS launches Identity Theft Central

    IRS launches Identity Theft Central

    U.S. Internal Revenue Service launches Identity Theft Central| site |




    (February 3, 2020) - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service today launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses. Located on IRS.gov, Identity Theft Central is availabl
    ...
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