Category: IRS Tips

IRS Tips
National Small Business Week, April 30 – May 6

Issue Number:  2017-1 Inside This Issue National Small Business Week, April 30 – May 6 Small Business Week tax tips Is that really the IRS at your door? Reporting tips versus service charges   1.  National Small Business Week, April 30 – May 6 During Small Business Week, the Internal Revenue Service is highlighting products for established and emerging […]

IRS Tips
IRS Seeks Nominations for the Internal Revenue Service Advisory Council

WASHINGTON — The Internal Revenue Service today announced it is accepting nominations for the Internal Revenue Service Advisory Council (IRSAC). Applications will be accepted April 27 – June 16, 2017. The IRSAC provides an organized public forum for IRS officials and representatives of the public to discuss relevant federal tax administration issues. IRSAC members submit […]

IRS Tips
Issue Number: IRS Small Business Week Tax Tip 2017-01

IRS Promotes Specialized Online Services during Small Business Week National Small Business Week for 2017 is April 30 through May 6. During this time, the Internal Revenue Service will promote many online products to help small business owners and those who are self-employed understand their tax responsibilities. Here are just a few among dozens of […]

IRS Tips
IRS Special Edition Tax Tip 2017-07

IRS Explains How Offer in Compromise Works Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise. Before applying for an Offer in Compromise, here are some things to know: In general, the […]

IRS Tips
Issue Number: IRS Special Edition Tax Tip 2017-07

Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise. Before applying for an Offer in Compromise, here are some things to know: In general, the IRS cannot accept a settlement offer if […]

IRS Tips
IRS Sees Millions of Tax Returns Last Days of Tax Filing Season

WASHINGTON — The Internal Revenue Service today announced that the agency has received 135.6 million returns this year following a late surge of filings last week. During the week ending April 21, the IRS received more than 17 million tax returns. The vast majority, 13.6 million returns, were filed through IRS e-file.  Looking at the […]

IRS Tips
IRS Issues Tips on What to do After the Tax-Filing Deadline

WASHINGTON — Tax day has come and gone for most people, but some taxpayers may still be dealing with their taxes. The IRS offers these tips for handling some typical after-tax-day issues: Didn’t File by April 18? There is no penalty for filing a late return after the tax deadline if the taxpayer receives a […]

IRS Tips
Important Facts about Filing Late and Paying Penalties

April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty if they file a late tax return. Taxpayers who owe tax, and failed to file and pay on time, will most likely owe interest […]

IRS Tips
IRS Seeks Applications for Information Reporting Program Advisory Committee

WASHINGTON – The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee (IRPAC), a federal advisory committee that provides recommendations to the IRS on various tax administration issues. Members are appointed to three-year terms, but terms are staggered so that approximately one-third of the committee membership changes each year. Nominations […]

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