Category: IRS Tips

IRS Tips
The Advisory Committee on Tax Exempt and Government Entities (ACT) Final Report

The 10 members of the ACT presented their 2018 report to the IRS in a public meeting in Washington, DC on June 7, 2018, on five issues: Employee Plans: Recommendations regarding the re-opening of the IRS Determination Letter Program Employee Plans: Recommendations regarding missing participants in retirement plans Exempt Organizations: Recommendations regarding incentivizing universal e-filing […]

IRS Tips
Interest rates remain the same in the third quarter of 2018

WASHINGTON ―The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2018, as they were in the quarter that began on April 1. The rates will be: 5 percent for overpayments, 4 percent in the case of a corporation; 2.5 percent for the portion of […]

IRS Tips
IRS Pushes Back as States Skirt Tax Changes

In a May 23 notice, the IRS announced it will issue proposed regulations addressing the deductibility of state and local tax payments for federal income tax purposes. The notice comes in the wake of legislative proposals in several states, including Connecticut, to minimize the impact of the cap on state and local tax deductions imposed by […]

IRS Tips
Where taxpayers can get help any time of the year

While the federal income tax-filing deadline has come and gone for most people, some taxpayers might still need tax help. The IRS has several resources available year-round: Taxpayers can find all sorts of helpful information on They can click on “Help” at the top of the home page to access several online […]

IRS Tips
Taxpayers should know the telltale signs of a scam

Many taxpayers recently filed their taxes and may be waiting for a response from the IRS. Because of this summertime tends to be a period when thieves increase their scam attempts. They try to get people to disclose personal information like Social Security numbers, account information and passwords.  To avoid becoming a victim, taxpayers should […]

IRS Tips
Easy ways to pay taxes

The IRS offers several payment options where taxpayers can pay immediately or arrange to pay in installments. Taxpayers should not ignore a bill from the IRS because as more time passes, interest and penalties accumulate. Here are some ways to make payments: Direct Pay. Taxpayers can pay tax bills directly from a checking or savings […]

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