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Category: IRS Tips

IRS Tips
Name Change? How It Impacts Taxes

A name change can have an impact on taxes. All the names on a taxpayer’s tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here’s what taxpayers should know if they changed their name: Reporting Name Changes. Got married and now using a new spouse’s last name or […]

IRS Tips
IRS Reminds International Taxpayers of Tax Obligations; Clarifies Rules for Tax Withholding Agents

WASHINGTON – 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 — […]

IRS Tips
March 1 Tax Deadline Nears for Many Farmers and Fishermen; IRS Direct Pay Offers an Easy Way to Pay Taxes

WASHINGTON ― The Internal Revenue Service is reminding farmers and fishermen about Wednesday’s deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Taxpayers with income from farming or fishing have until Wednesday, March 1 to file their 2016 Form 1040 and pay the tax due to […]

IRS Tips
IRS Special Edition Tax Tip 2017-05

IRS Reminds Farmers, Fishermen about March 1 Tax Deadline The Internal Revenue Service reminds farmers and fishermen about the March 1 deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Taxpayers with income from farming or fishing have until March 1 to file their 2016 Form […]

IRS Tips
IRS Makes Approved Form 1023-EZ Data Available Online

WASHINGTON – The Internal Revenue Service announced today that publicly available information from approved applications for tax exemption using Form 1023-EZ, Streamlined Application for Recognition of Exemption, is now available electronically for the first time. The data on IRS.gov is available in spreadsheet format and includes information for approved applications beginning in mid-2014, when the […]

IRS Tips
Capital Gains and Losses – 10 Helpful Facts to Know

When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital gains and losses: Capital Assets. Capital assets include property such as […]

IRS Tips
IRS Recaps “Dirty Dozen” List of Tax Scams for 2017

Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it sees throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may encounter anytime, many of which peak during tax-filing season. Taxpayers need to guard against ploys that steal their personal information, scam them out of money […]

IRS Tips
IRS Special Edition Tax Tip 2017-04

IRS Recaps “Dirty Dozen” List of Tax Scams for 2017 Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it sees throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may encounter anytime, many of which peak during tax-filing season. Taxpayers need to guard against ploys […]

IRS Tips
IR-2017-40

Avoid Today’s Rush: Use IRS.gov for Faster Service WASHINGTON – The Tuesday after Presidents Day marks the single busiest day of the year for telephone calls and visits to the Internal Revenue Service. Taxpayers can find answers faster to most of their questions by using IRS.gov. The IRS anticipates a high volume of calls today. […]

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