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  • IRS says All Taxpayers now Eligible for Identity Protection PINs

    IRS says All Taxpayers now Eligible for Identity Protection PINs

    U.S. Internal Revenue Service says All Taxpayers now Eligible for Identity Protection PINs | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release: January 12, 2021) Washington - - The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers' personally identifiable information. "This is a way to, in essence, lock your tax account, and the IP PIN serves as the key to opening that account," said IRS Commissioner Chuck Rettig. "Electronic returns that do not contain the correct IP PIN will be rejected, and paper returns will go through additional scrutiny for fraud." The IRS launched the IP PIN program nearly a decade ago to protect confirmed identity thef
    ...
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  • National Tax Security Awareness Week, Day 3 - - -IRS expands Identity Protection PIN Opt-In Program to Taxpayers Nationwide

    National Tax Security Awareness Week, Day 3: IRS expands Identity Protection PIN Opt-In Program to Taxpayers Nationwide | site |



    (Information contained in U.S. Internal Revenue Service ([IRS] press release dated: December 2, 2020) Washington - - As part of the Security Summit effort, the Internal Revenue Service announced today that starting in January the Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identities. The Summit partners, including state tax agencies, the nation's tax industry and the IRS, marked the third day of the National Tax Security Awareness Week by urging taxpayers who want the proactive protection against identity theft to opt into the Identity Protection PIN program in 2021. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent federal income tax returns. An IP PIN helps the IRS verify a taxpa...
    See more | Go to post

  • IRS National Tax Security Awareness Week, Day 2 - - - 2021 Online Tax Preparation Products to Offer Multi-factor Authentication

    IRS National Tax Security Awareness Week, Day 2: 2021 Online Tax Preparation Products to Offer Multi-factor Authentication for Taxpayers, Tax Pros | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: December 1, 2020) Washington - - The Internal Revenue Service, state tax agencies and the tax industry today marked the second day of National Tax Security Awareness Week by announcing an improved feature that will be available on all 2021 online tax preparation products. Designed to protect both taxpayers and tax professionals, multi-factor authentication means the returning user must enter two pieces of data to securely access an account or application. For example, taxpayers must enter their credentials (username and password) plus a numerical code sent as a text to their mobile phone. The agreement to add the multi-factor authentication feature is just one publicly visible example of the ongoing collaboration by the...
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  • National Tax Security Awareness Week opens with Warnings to all Taxpayers and Tax Professionals as holidays, 2021 Tax Season approach

    National Tax Security Awareness Week opens with Warnings to all Taxpayers and Tax Professionals as holidays, 2021 Tax Season approach | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 30, 2020)

    WASHINGTON — The Internal Revenue Service and the Security Summit partners today issued warnings to all taxpayers and tax professionals to beware of scams and identity theft schemes by criminals taking advantage of the combination of holiday shopping, the approaching tax season and coronavirus concerns. The IRS, state tax agencies and the tax industry opened the National Tax Security Awareness Week to coincide with Cyber Monday, the traditional start of the online holiday shopping season. But the holiday shopping season combined with the impending tax season and an increased trend toward working remotely make online security an absolute necessity. "This is generally the hunting season for online thieves, but
    ...
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  • IRS to Mask Key Business Transcript details - - - Protect Taxpayers from Identity Theft

    U.S. Internal Revenue Service to Mask Key Business Transcript details; Protect Taxpayers from Identity Theft | site |



    (November 13, 2020) - - Today the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON – Moving to protect business taxpayers from identity theft, the Internal Revenue Service today announced that starting Dec. 13 it will begin masking sensitive data on business tax transcripts. The announcement provides 30 days for stakeholders to make any adjustments. The IRS began informing tax professionals of this change during the summer Nationwide Tax Forums. The agencypreviously masked sensitive data on individual tax transcripts two years ago. A tax transcript is a summary of a tax return. Transcripts are often used by tax professionals to prepare prior year tax returns or represent the client before the IRS. Lenders and others use tax transcripts for income verification purposes....
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  • IRS makes it easier to set up Payment Agreements - - offers other Relief to Taxpayers Struggling with Tax Debts

    IRS makes it easier to set up Payment Agreements; offers other Relief to Taxpayers Struggling with Tax Debts | site |



    (November 2, 2020) - - Today, November 2, 2020, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief for taxpayers who owe but are struggling financially because of the pandemic, expanding taxpayer options for making payments and alternatives to resolve balances owed. "The IRS understands that many taxpayers face challenges, and we're working hard to help people facing issues paying their tax bills," said IRS Commissioner Chuck Rettig. "Following up on our People First Initiative earlier this year, this next phase of our efforts will help with further taxp...
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  • IRS Reminder that October 15 Deadline nears for Taxpayers who Requested Tax Filing Extensions

    IRS Reminder that October 15 Deadline nears for Taxpayers who Requested Tax Filing Extensions| site |



    (October 7, 2020) - - Today, October 7, 2020, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service today reminds taxpayers who filed an extension that the October 15 due date to file their 2019 tax return is near. Taxpayers should file their tax returns on or before the October 15 deadline. For those who still owe, pay as soon as possible to reduce any penalties and interest.

    Convenient electronic filing options, including IRS Free File, are still available. Taxpayers and tax professionals should continue to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments. Although October 15 is the last day for most people to file, some taxpayers may have more time. They include: Members of the military and others ser
    ...
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  • IRS says New Free File Agreement Signed to Strengthen Program, help Taxpayers

    IRS says New Free File Agreement Signed to Strengthen Program, help Taxpayers

    IRS says New Free File Agreement Signed to Strengthen Program, help Taxpayers| site |



    (December 30, 2019) Today (December 30, 2019), the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service announced today an agreement with Free File, Inc. (FFI) designed to bring more clarity for taxpayers choosing to use free online software during the 2020 filing season. The agreement reached will help make the Free File program more taxpayer-friendly while strengthening consumer protections in several key areas. "This updated agreement is part of a larger effort by the IRS to help taxpayers meet their tax obligations," said IRS Commissioner Chuck Rettig. "It continues to show the partnership we enjoy with the Free File partners and the commitment we both share in helping taxpayers since the program's creation 18 years ago. The improved process will make Free File stronger and give taxpayers another rea
    ...
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  • U.S. Department of Education Finalizes Regulations to Protect Student Borrowers, Hold Higher Education Institutions Accountable and Save Taxpayers 11.1 Billion Dollars Over 10 Years

    U.S. Department of Education Finalizes Regulations to Protect Student Borrowers, Hold Higher Education Institutions Accountable and Save Taxpayers $11.1 Billion Over 10 Years| site |


    (August 30, 2019) - - The U.S. Department of Education published (today) the following information: : WASHINGTON—Today, the U.S. Department of Education finalized regulations that will protect student borrowers, hold higher education institutions accountable and provide financial protections to taxpayers. The Institutional Accountability regulations, posted on the Department's website today, come after more than two years of deliberations, public hearings, negotiated rulemaking with a wide variety of higher education stakeholders and careful consideration of tens of thousands of public comments. "If a school defrauds students, it must be held accountable," said U.S. Secretary of Education Betsy DeVos. "There is no place for fraud in higher education, and it will not be tolerated by thi...
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  • U.S. Department of Homeland Security Announces New Proposed Immigration Rule to Enforce Long-Standing Law that Promotes Self-Sufficiency and Protects American Taxpayers

    U.S. Department of Homeland Security Announces New Proposed Immigration Rule to Enforce Long-Standing Law that Promotes Self-Sufficiency and Protects American Taxpayers





    Washington, DC - - (September 22, 2018) - - Today, the Department of Homeland Security (DHS) announced a proposed rule that will clearly define long-standing law to ensure that those seeking to enter and remain in the United States either temporarily or permanently can support themselves financially and will not be reliant on public benefits.

    The term “public charge” as applied to admission of aliens to the United States has a long history in U.S. immigration law, appearing at least as far back as the Immigration Act of 1882. In the late 19th and early 20th centuries public charge was the most common ground for refusing admission at U.S....
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  • IRS Reminds Taxpayers to Report Virtual Currency Transactions

    IRS Reminds Taxpayers to Report Virtual Currency Transactions

    IRS Reminds Taxpayers to Report Virtual Currency Transactions

    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 IRS Notice 2014-21 for use by taxpayers and their return preparers that addresses transactions in virtual currency, also known as digital currency. Taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest. In more extreme situations, taxpayers could be subject to criminal prosecution for failing to properly report the income tax consequences
    ...
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  • U.S. Internal Revenue Service Releases 100th eBook - Another Way for Taxpayers to Get Helpful Information Throughout the Year

    U.S. Internal Revenue Service Releases 100th eBook

    Another Way for Taxpayers to Get Helpful Information Throughout the Year



    March 1, 2017


    Washington, DC - - (February 27, 2017) - - The Internal Revenue Service today unveiled its 100th eBook — a milestone in IRS efforts to share information to meet the changing needs of taxpayers. The IRS eBooks effort, which began two years ago, offers an easy way to read and review some of the most commonly used IRS tax products. Through eBooks, taxpayers can view Form 1040 instructions, Publication 17 and other frequently used tax publications by using mobile devices such as smart phones, tablets and eReaders. "This milestone reflects our continuing commitment to share information with taxpayers so they have the information they need in the way they prefer," said IRS Commissioner John Koskinen. "Our eBook initiative makes it easier for taxpayers to access common publications, even if they’re using
    ...
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  • U.S. Internal Revenue Service Reminds International Taxpayers of Tax Obligations - - Clarifies Rules for Tax Withholding Agents

    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 IRS also reminded withholding agents -- such as payroll professionals or universities -- that accurately filed Forms 1042-S help speed any refunds due to their non-U.S. citizen taxpayers. Errors on forms or returns could result in some refunds being delayed.

    What Non-U.S. Citizen Taxpayers Must Do The Internal Revenue Code generally requires non-U.S. citizens, whom the code defines as either resident or non-resident aliens, who are engaged in a trade or business within the
    ...
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  • Avoid the Rush - - - IRS Extends Service Hours to Assist Taxpayers at Presidents Day Peak

    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’ local time) and, despite the legal Presidents Day holiday, on Monday, Feb. 20, from 7 a.m. to 7 p.m. (callers’ local time). Tuesday, Feb. 21, the day following Presidents Day, is typically the busiest day of the year for IRS telephone assistors, as they field thousands of calls per hour. The IRS reminds taxpayers that most questions can be answered online by using the numerous tools available at IRS.gov. Taxpayers calling the IRS about account issues should be prepared to validate their ident
    ...
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  • Staff Reporter 1
    IRS says All Taxpayers now Eligible for Identity Protection PINs
    by Staff Reporter 1
    U.S. Internal Revenue Service says All Taxpayers now Eligible for Identity Protection PINs | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release: January 12, 2021) Washington - - The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers' personally identifiable information. "This is a way to, in essence, lock your tax account, and the IP PIN serves as the key to opening that account," said IRS Commissioner Chuck Rettig. "Electronic returns that do not contain the correct IP PIN will be rejected, and paper returns will go through additional scrutiny for fraud." The IRS launched the IP PIN program nearly a decade ago to protect confirmed identity thef
    ...
    01-13-2021, 09:10 AM
  • Staff Reporter 1
    National Tax Security Awareness Week, Day 3 - - -IRS expands Identity Protection PIN Opt-In Program to Taxpayers Nationwide
    by Staff Reporter 1
    National Tax Security Awareness Week, Day 3: IRS expands Identity Protection PIN Opt-In Program to Taxpayers Nationwide | site |



    (Information contained in U.S. Internal Revenue Service ([IRS] press release dated: December 2, 2020) Washington - - As part of the Security Summit effort, the Internal Revenue Service announced today that starting in January the Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identities. The Summit partners, including state tax agencies, the nation's tax industry and the IRS, marked the third day of the National Tax Security Awareness Week by urging taxpayers who want the proactive protection against identity theft to opt into the Identity Protection PIN program in 2021. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent federal income tax returns. An IP PIN helps the IRS verify a taxpa...
    12-04-2020, 10:01 AM
  • Staff Reporter 1
    IRS National Tax Security Awareness Week, Day 2 - - - 2021 Online Tax Preparation Products to Offer Multi-factor Authentication
    by Staff Reporter 1
    IRS National Tax Security Awareness Week, Day 2: 2021 Online Tax Preparation Products to Offer Multi-factor Authentication for Taxpayers, Tax Pros | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: December 1, 2020) Washington - - The Internal Revenue Service, state tax agencies and the tax industry today marked the second day of National Tax Security Awareness Week by announcing an improved feature that will be available on all 2021 online tax preparation products. Designed to protect both taxpayers and tax professionals, multi-factor authentication means the returning user must enter two pieces of data to securely access an account or application. For example, taxpayers must enter their credentials (username and password) plus a numerical code sent as a text to their mobile phone. The agreement to add the multi-factor authentication feature is just one publicly visible example of the ongoing collaboration by the...
    12-03-2020, 02:55 AM
  • Staff Reporter 1
    National Tax Security Awareness Week opens with Warnings to all Taxpayers and Tax Professionals as holidays, 2021 Tax Season approach
    by Staff Reporter 1
    National Tax Security Awareness Week opens with Warnings to all Taxpayers and Tax Professionals as holidays, 2021 Tax Season approach | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 30, 2020)

    WASHINGTON — The Internal Revenue Service and the Security Summit partners today issued warnings to all taxpayers and tax professionals to beware of scams and identity theft schemes by criminals taking advantage of the combination of holiday shopping, the approaching tax season and coronavirus concerns. The IRS, state tax agencies and the tax industry opened the National Tax Security Awareness Week to coincide with Cyber Monday, the traditional start of the online holiday shopping season. But the holiday shopping season combined with the impending tax season and an increased trend toward working remotely make online security an absolute necessity. "This is generally the hunting season for online thieves, but
    ...
    11-30-2020, 08:46 PM
  • Staff Reporter 1
    IRS to Mask Key Business Transcript details - - - Protect Taxpayers from Identity Theft
    by Staff Reporter 1
    U.S. Internal Revenue Service to Mask Key Business Transcript details; Protect Taxpayers from Identity Theft | site |



    (November 13, 2020) - - Today the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON – Moving to protect business taxpayers from identity theft, the Internal Revenue Service today announced that starting Dec. 13 it will begin masking sensitive data on business tax transcripts. The announcement provides 30 days for stakeholders to make any adjustments. The IRS began informing tax professionals of this change during the summer Nationwide Tax Forums. The agencypreviously masked sensitive data on individual tax transcripts two years ago. A tax transcript is a summary of a tax return. Transcripts are often used by tax professionals to prepare prior year tax returns or represent the client before the IRS. Lenders and others use tax transcripts for income verification purposes....
    11-13-2020, 09:21 PM

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