Category: IRS Tips

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. […]

IRS Tips
IRS Tax Forum ‘Early Bird’ Registration Ends May 31; Tax Pros Can Save By Registering Early

WASHINGTON — The Internal Revenue Service is reminding tax professionals that reduced cost “early bird” registration for all five 2017 IRS Nationwide Tax Forums ends May 31 at 6 p.m. Eastern time. IRS hosts forums to interact with tax professionals and provide the latest information on federal and state tax issues. Attendees who register early […]

IRS Tips
IRS Announces Three New Members for Advisory Committee on Tax Exempt and Government Entities

WASHINGTON— The Internal Revenue Service announced today the appointment of three new members of the Advisory Committee on Tax Exempt and Government Entities (ACT). ACT presents reports and recommendations to IRS leadership at a June 7 public meeting. The committee includes external stakeholders and representatives who deal with employee retirement plans; tax-exempt organizations; tax-exempt bonds; […]

IRS Tips
Tips for Taxpayers Who Owe Taxes

The IRS offers a variety of payment options where taxpayers can pay immediately or arrange to pay in installments. Those who receive a bill from the IRS should not ignore it. A delay may cost more in the end. As more time passes, the more interest and penalties accumulate. Here are some ways to make […]

IRS Tips
IRS Offers Tips for Disaster Preparedness

Hurricane Preparedness Week is May 7-13. The IRS wants to remind taxpayers to prepare for hurricanes and other natural disasters now. By taking a few steps before disaster strikes, taxpayers can reduce their stress when it comes time to file claims or rebuild after the catastrophic event. Here are some things to consider: Update Emergency […]

IRS Tips
For Hurricane Preparedness Week: IRS Offers Tips to Taxpayers Preparing for Hurricanes, Floods and Other Natural Disasters

WASHINGTON —With Hurricane Preparedness Week, May 7 to 13, now in progress and the start of the Atlantic hurricane season looming on June 1, the Internal Revenue Service today offered advice to taxpayers who may be affected by these types of storms, as well as other  natural disasters. The IRS also wants taxpayers to know […]

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