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Category: IRS Tips

IRS Tips
Orlando IRS Tax Forum Registration Deadline is June 27

WASHINGTON — Tax professionals wishing to attend the IRS Nationwide Tax Forum in Orlando, Fla., can save $115 by registering soon, according to the Internal Revenue Service. The Orlando IRS Nationwide Tax Forum will take place July 11 to 13. Enrolled agents, certified public accountants, certified financial planners, Annual Filing Season Program (AFSP) participants and […]

IRS Tips
Interest Rates Remain the Same for the Third Quarter of 2017

WASHINGTON ― The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2017.  The rates will be:  four (4) percent for overpayments (three (3) percent in the case of a corporation); 1 and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000; […]

IRS Tips
Taxpayers Abroad Must File by June 15; Extensions Available; New Filing Deadline Now Applies to Foreign Account Reports

WASHINGTON — The Internal Revenue Service today reminded taxpayers living and working abroad that they must file their 2016 federal income tax return by Thursday, June 15.   The special June 15 deadline is available to both U.S. citizens and resident aliens abroad, including those with dual citizenship. For those who can’t meet the June […]

IRS Tips
IRS Continues to Expand Taxpayer Services; Adds New Features to Taxpayers Online Account

WASHINGTON — The Internal Revenue Service announced today the addition of several new features to the online account tool first introduced late last year as part of the IRS’s commitment to improve and expand taxpayer services. The online account allows individual taxpayers to access the latest information available about their federal tax account through a […]

IRS Tips
403(b) Pre-Approved Retirement Plans List

We’ve recently updated the list of 403(b) pre-approved retirement plans that have received an IRS favorable opinion or advisory letter. A favorable opinion or advisory letter for a 403(b) pre-approved plan means that the IRS has determined that the plan satisfies the requirements of Internal Revenue Code Section 403(b) (these requirements are specifically outlined in […]

IRS Tips
IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer

WASHINGTON – The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country, so taxpayers should be alert to the details. In […]

IRS Tips
For Letter Rulings and Similar Requests: Electronic Payment of User Fees Starts June 15; Replaces Paying by Check

WASHINGTON — Beginning June 15, taxpayers requesting letter rulings, closing agreements and certain other rulings from the Internal Revenue Service will need to make user fee payments electronically using the federal government’s Pay.gov system. Pay.gov allows people to pay for a variety of government services online using a credit card, debit card or via direct […]

IRS Tips
IRS Approves First Group of Certified Professional Employer Organizations; More Expected in Coming Months

WASHINGTON — The Internal Revenue Service today issued notices of certification to 84 organizations that applied for voluntary certification as a Certified Professional Employer Organization (CPEO). After the IRS receives the required surety bond from an approved CPEO applicant, the IRS will publish that CPEO’s name, address, and effective date of certification on IRS.gov. Under […]

IRS Tips
IRS Face-To-Face Help Is Now By Appointment

Taxpayers who need in-person help from an IRS Taxpayer Assistance Center (TAC) need to call to schedule an appointment. All TACs provide service by appointment. They are an essential service the IRS provides when a tax issue cannot be resolved online or by phone. Consider the self-service options on IRS.gov before calling for an appointment. […]

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