With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.Create a Backup Set of Records Electronically Taxpayers should keep a set of backup records in a safe place. The backup should be stored away from the [...]
The recent expansion of the IRS Fresh Start Program to help struggling taxpayers includes making Installment Agreements available to more people.Under the new Fresh Start provisions, part of a broader effort started at the IRS in 2008, the IRS is now doubling the dollar threshold for taxpayers eligible for Installment Agreements to help more people [...]
The recent expansion of the IRS Fresh Start Program to help struggling taxpayers includes making Installment Agreements available to more people.Under the new Fresh Start provisions, part of a broader effort started at the IRS in 2008, the IRS is now doubling the dollar threshold for taxpayers eligible for Installment Agreements to help more people [...]
The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009. Taxpayers filed more than 3.9 million returns with adjusted gross incomes of $200,000 or more. These high-income [...]
The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009. Taxpayers filed more than 3.9 million returns with adjusted gross incomes of $200,000 or more. These high-income [...]
The Internal Revenue Service is marking Small Business Week, May 20 to 26, by encouraging small business owners to check out two key tax credits and a special relief program that could provide significant tax benefits during 2012. Both the expanded credit for hiring veterans and the credit for employer-provided health care coverage can provide [...]
The Internal Revenue Service is marking Small Business Week, May 20 to 26, by encouraging small business owners to check out two key tax credits and a special relief program that could provide significant tax benefits during 2012. Both the expanded credit for hiring veterans and the credit for employer-provided health care coverage can provide [...]
The Internal Revenue Service today announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past. "This phase of Fresh [...]
The Internal Revenue Service today announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past. "This phase of Fresh [...]
The Internal Revenue Service today announced a sweeping office space and rent reduction initiative that over the next 2 years will close 43 smaller offices and reduce space in many larger facilities. These measures will save more than 40 million in taxpayer dollars. Coupled with space reductions last year, the initiative will slash total IRS [...]