Category: IRS Tips

IRS Tips
IRS Free File opens today in advance of tax season

Changes strengthen program; Free File can also help navigate new tax law provisions WASHINGTON — An improved version of IRS Free File begins its 17th filing season today as a dozen private-sector partners offer their brand-name products to help eligible taxpayers navigate the new tax reform law and electronically prepare their tax returns. The free […]

IRS Tips
IRS confirms tax filing season to begin January 28

WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.   “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment […]

IRS Tips
New IRS resources on IRS.gov help businesses understand tax reform

Last year’s Tax Cuts and Jobs Act made significant changes to the tax law that affect small businesses. The IRS posted two new resources on IRS.gov to help taxpayers understand how these changes affect their bottom line. Here are some details about these resources:   New publication: Tax reform: What’s new for your business  This […]

IRS Tips
TE/GE Revenue Agent positions announced

Tax Exempt & Government Entities Division (TE/GE) has announced many revenue agent positions across the country for Exempt Organizations and Employee Plans:   Internal Revenue Agent (Exempt Organizations) Internal Revenue Service /Department of the Treasury/Multiple Locations Starting at $33,394 (GS 05-11) /Permanent This job is open 12/19/2018 to 12/18/2019   Internal Revenue Agent (Employee Plans) […]

IRS Tips
IRS, Security Summit partners warn tax professionals of fake payroll direct deposit and wire transfer emails

WASHINGTON — The Internal Revenue Service and its Security Summit partners today warned tax professionals of an uptick in phishing emails targeting them that involve payroll direct deposit and wire transfer scams.   These business email compromise/business email spoofing (BEC/BES) tactics generally target all types of industry and employers. Recently the IRS received a number […]

IRS Tips
New IRS resources on IRS.gov help businesses understand tax reform

Last year’s Tax Cuts and Jobs Act made significant changes to the tax law that affect small businesses. The IRS posted two new resources on IRS.gov to help taxpayers understand how these changes affect their bottom line. Here are some details about these resources:   New publication: Tax reform: What’s new for your business  This […]

IRS Tips
Tax reform law makes changes to employee achievement award rules

The IRS reminds employers that last year’s Tax Cuts and Jobs Act made changes to several programs that can affect an employer’s bottom line and its employees’ deductions. This includes employee achievement awards. Here are some facts about these changes: Under previous law: Employers could deduct the cost of certain employee achievement awards. Deductible awards […]

IRS Tips
IRS reminder: Deadline Dec. 31 for most retirees who must make required retirement plan distributions

WASHINGTON — The Internal Revenue Service today reminded retirees born before July 1, 1948, that they usually must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. The payments, called required minimum distributions (RMDs), are normally made by the end of the year. Those who reached age 70½ during […]

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