Category: IRS Tips

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. […]

IRS Tips
IRS Tax Tip 2017-17

Itemize or Choose the Standard Deduction Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able to lower their tax bill by itemizing. Find out which way saves the most money by figuring taxes both ways. The IRS offers the following six tips to help taxpayers […]

IRS Tips
Security Summit Alert: Tax Professionals Warned of New Scam to “Unlock” Their Tax Software Accounts

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals to be alert to a new phishing email scam impersonating software providers. The scam email comes with the subject line, “Access Locked.” It tells recipients that access to their tax prep software accounts has been “suspended due to […]

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

WASHINGTON — The Internal Revenue Service today announced the conclusion of its annual “Dirty Dozen” list of tax scams. The annual list highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season. Taxpayers need to guard against ploys to steal their personal information, scam them out of money […]

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