Using the latest technologies, the IRS offers multiple avenues for you to get tax information. If you have a smartphone, they have an app! If you like to watch videos from your phone or computer, the IRS has dozens of helpful YouTube videos.Check out how the IRS delivers the latest tax information, initiatives, products and services through [...]
Using the latest technologies, the IRS offers multiple avenues for you to get tax information. If you have a smartphone, they have an app! If you like to watch videos from your phone or computer, the IRS has dozens of helpful YouTube videos. Check out how the IRS delivers the latest tax information, initiatives, products and services [...]
WASHINGTON — The Internal Revenue Service has reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.The IRS reopened the Offshore Voluntary Disclosure Program (OVDP) following continued strong interest from taxpayers and [...]
The Internal Revenue Service receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Many of these scams fraudulently use the IRS name or logo as a lure to make the communication appear more authentic and enticing. The goal of these scams [...]
The Internal Revenue Service has released new proposed guidelines designed to provide relief to more innocent spouses requesting equitable relief from income tax liability.A Notice proposing a new revenue procedure, posted today on IRS.gov, revises the threshold requirements for requesting equitable relief and revises the factors used by the IRS in evaluating these requests. The [...]
The Internal Revenue Service has released new proposed guidelines designed to provide relief to more innocent spouses requesting equitable relief from income tax liability.A Notice proposing a new revenue procedure, posted today on IRS.gov, revises the threshold requirements for requesting equitable relief and revises the factors used by the IRS in evaluating these requests. The [...]
WASHINGTON — The Internal Revenue Service today opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds.The IRS also announced a number of improvements to [...]
WASHINGTON — The Internal Revenue Service today opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds.The IRS also announced a number of improvements to [...]
The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will [...]
Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, continuing the reduction of their Social Security tax withholding rate from 6.2 percent [...]