1. Articles from irs.gov

  2. 1-24 of 24
    1. IRS reminder: Tax scams continue year-round

      IRS reminder: Tax scams continue year-round

      Although the April filing deadline has passed, scam artists remain hard at work, and the IRS today urged taxpayers to be on the lookout for a spring surge of evolving phishing emails and telephone scams.

      The IRS is seeing signs of two new variations of tax-related scams. One involves Social Security numbers related to tax issues and another threatens people with a tax bill from a fictional government agency. Here are some details:

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      Mentions: Robert Williams
    2. IRS warns of new phone scam using Taxpayer Advocate Service numbers | Internal Revenue Service

      IRS warns of new phone scam using Taxpayer Advocate Service numbers | Internal Revenue Service

      The Internal Revenue Service today warned the public about a new twist on the IRS impersonation phone scam whereby criminals fake calls from the Taxpayer Advocate Service (TAS), an independent organization within the IRS.

      IRS YouTube Videos:

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      Mentions: Robert Williams
    3. IRS: Don’t be victim to a ‘ghost’ tax return preparer | Internal Revenue Service

      IRS: Don’t be victim to a ‘ghost’ tax return preparer | Internal Revenue Service

      Internal Revenue Service warned taxpayers to avoid unethical tax return preparers, known as ghost preparers.

      By law, anyone who is paid to prepare or assist in preparing federal tax returns must have a valid 2019 Preparer Tax Identification Number, or PTIN. Paid preparers must sign the return and include their PTIN.

      But ‘ghost’ preparers do not sign the return. Instead, they print the return and tell the taxpayer to sign and mail it to the IRS. Or, for e-filed returns, they prepare but refuse to digitally sign it as the paid preparer.

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    4. Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits | Internal Revenue Service

      Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits | Internal Revenue Service

      Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.

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    5. IRS warns of scams related to natural disasters | Internal Revenue Service

      IRS warns of scams related to natural disasters | Internal Revenue Service

      With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters.

      Hurricane season runs June 1 to Nov. 30, and taxpayers need to be vigilant of scams that will undoubtedly pop up when and if a hurricane occurs during that time.

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    6. IRS Summarizes "Dirty Dozen" List of Tax Scams for 2017

      IRS Summarizes "Dirty Dozen" List of Tax Scams for 2017

      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 or talk them into engaging in questionable behavior with their taxes.

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    7. Dirty Dozen

      Dirty Dozen

      Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. Don’t fall prey.
      For a summary of the IRS 2017 'Dirty Dozen' List of Tax Scams see IR-2017-37. For a detailed description of each scam, please refer to the list below:

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    8. 'White Collar' Salary Increase Delayed Indefinitely

      'White Collar' Salary Increase Delayed Indefinitely

      A federal judge in Texas has issued a nationwide order preventing the U.S. Department of Labor from increasing the "white collar" exemption salary minimum to $913 per week December 1. The order will remain in effect until the court decides a case filed by 21 states challenging the increase, or an appeals court lifts the injunction. For now, the salary level remains $455 per week.

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      Mentions: Texas HR Ledger
    9. New Procedure Helps People Making IRA and Retirement Plan Rollovers

      New Procedure Helps People Making IRA and Retirement Plan Rollovers

      The Internal Revenue Service today provided a self-certification procedure designed to help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another retirement plan or individual retirement arrangement (IRA).

      In Revenue Procedure 2016-47, posted today on IRS.gov, the IRS explained how eligible taxpayers, encountering a variety of mitigating circumstances, can qualify for a waiver of the 60-day time limit and avoid possible early distribution taxes. In addition, the revenue procedure includes a sample self-certification letter that a taxpayer can use to notify the administrator or trustee of the retirement plan or IRA receiving the rollover that they qualify for the waiver.

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    10. Tax information for Small Business

      Tax information for Small Business

      The IRS released the updated publication 4591 this month.  It is titled “Small Business Federal Tax Responsibilities”.  This tri-fold brochure is a short cut to help business owners and operators get to the specific taxation information they need in their specific business.  Copy is available at https://www.irs.gov/pub/irs-pdf/p4591.pdf

      To obtain the brochure in Chinese, Korean, Russian, Spanish, or Vietnamese perform a web search for “Small Business Small Business Federal Tax Responsibilities” plus the language you are looking for.

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    11. National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid-Year Report to Congress

      National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid-Year Report to Congress

      National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year, including the IRS’s long-term strategic planning, tax-related identity theft and administration of the Patient Protection and Affordable Care Act (ACA), and presents highlights of the recently concluded filing season.

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    12. Scam Phone Calls Continue; IRS Identifies Five Easy Ways to Spot Suspicious Calls

      Scam Phone Calls Continue; IRS Identifies Five Easy Ways to Spot Suspicious Calls

      The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.

      These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don’t answer, they often leave an “urgent” callback request.

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    13. IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead List

      IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead List

      The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.

      The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter at any point during the year. But many of these schemes peak during filing season as people prepare their tax returns.

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    14. IRS Smartphone App IRS2Go Now Available in Spanish

      IRS Smartphone App IRS2Go Now Available in Spanish

      The Internal Revenue Service announced today the release of IRS2Go 3.0, an update to its smartphone application that offers practical tax tools and information for the first time in either Spanish or English.

      The free mobile app offers taxpayers a number of safe and secure ways to access popular tools and the most up-to-date tax information. For the new version, IRS2Go is available for the first time in Spanish. The taxpayers’ phone language settings determine whether the IRS2Go content appears in English or in Spanish.

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    15. Tax Topics - Topic 424 401(k) Plans

      A 401(k) plan is a type of tax-qualified deferred compensation plan in which an employee can elect to have the employer contribute a portion of his or her cash wages to the plan on a pretax basis. Generally, these deferred wages (commonly referred to as elective contributions) are not subject to income tax withholding at the time of deferral, and they are not reflected on your Form 1040 (PDF) since they were not included in the taxable wages on your Form W-2 (PDF). However, they are included as wages subject to social security, Medicare, and federal unemployment taxes.
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      Mentions: Medicare
    1-24 of 24
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