IRS to restore Sequestered Funds - - - AMT only - - - this Fiscal Year to Businesses affected by OMB Determination

IRS to restore Sequestered Funds (AMT only) this Fiscal Year to Businesses affected by OMB Determination| site |


(January 16, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON – The Internal Revenue Service today announced it will return sequestered funds to businesses that were affected by a recent Office of Management and Budget (OMB) determination regarding the Balanced Budget and Emergency Deficit Control Act of 1985...

IRS and Treasury issue Guidance for Students with Discharged Student Loans and their Creditors| site |




(January 15, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

WASHINGTON — The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance...

IRS Free File Opens Today; Do Taxes Online for Free| site |


(January 10, 2020) - - Today (January 10, 2020), the U.S. Internal Revenue Service (IRS) published the following information:

WASHINGTON – Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/freefile for the 2020 tax filing season. Taxpayers whose adjusted gross income was $69,000 or less in 2019 – co...

U.S. Internal Revenue Service says Direct Deposit is Fastest Way to Receive Federal Tax Refund | site |



(January 9, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It's simple, safe and secure. Taxpay...

U.S. Internal Revenue Service Opens 2020 Filing Season for Individual Filers on Jan. 27| site |


(January 6, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON ― The Internal Revenue Service confirmed that the nation's tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns a...

IRS Information on Get Ready for Taxes: What to do Before the Tax Year ends December 31| site |




(December 16, 2019) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

WASHINGTON — The Internal Revenue Service reminds taxpayers there are things they should do now to get ready for the tax-filing season ahead.

Charitable Contributions

For most taxpayers, December 31 is the last day to take...

IRS and TTB formalize process to support processing of claims made to the IRS Whistleblower Office | site |




(December 11, 2019) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — The Internal Revenue Service today announced a process has been formalized with the Alcohol and Tobacco Tax and Trade Bureau (TTB) that puts in place procedures between the IRS and TTB to process claims for whistleblower awards under inter...

IRS says Dec. 31 is Deadline for most Retirees to take Required Minimum Distributions| site |


(December 10, 2019) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — The Internal Revenue Service reminds retirees born before July 1, 1949, that they usually must take distributions from their retirement plans by December 31. The payments, called required minimum distributions (RMDs), are normally made by the end of the year....

National Tax Security Awareness Week, Day 4: IRS, Security Summit warns Business Owners about being Targets for Identity Thieves | site |



(December 5, 2019) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — Amid threats from cybercriminals, the IRS, state tax agencies and the tax industry urged employers large and small to step up cybersecurity protections against business identity theft. Identity thieves are displaying ...

IRS says Jan. 31 Filing Deadline Remains for Employer Wage Statements, Independent Contractor Forms | site |



(December 4, 2019) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — The Internal Revenue Service today reminded employers and other businesses that wage statements and independent contractor forms still have a January 31 filing deadline. Before the Protecting Americans from Tax Hikes (PATH) Act, employers g...