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IRS reminds taxpayers: Choose a tax professional carefully

The Internal Revenue Service today reminded taxpayers to choose a tax return preparer with care. Even though most […]

Top things all taxpayers need to remember when filing their 2021 tax return

Now that the filing season has begun, there are several key items all taxpayers should keep in mind […]

National Small Business Week: IRS warns entrepreneurs to take precautions on data security; protect their businesses, employees, customers

As National Small Business Week continues, the Internal Revenue Service urges entrepreneurs to put in place data security […]

SECURE 2.0 Act changes affect how businesses complete Forms W-2  

  The Internal Revenue Service reminds businesses that starting in tax year 2023 changes under the SECURE 2.0 […]

IRS releases Strategic Operating Plan update outlining future priorities; transformation momentum accelerating following long list of successes for taxpayers

The Internal Revenue Service today released an update on the Strategic Operating Plan, a blueprint outlining future plans […]

Emergency preparedness plans for businesses should include financial records

When business owners put together an emergency preparedness plan, it should include copies of vital records and financial […]

Treasury, IRS issue frequently asked questions regarding disaster relief related to retirement plans and IRAs

The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-19, relating to rules for distributions […]

What taxpayers should do if they receive mail from the IRS

IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, […]

IRS final reminder: Time to claim $1 billion in tax refunds from 2020 expires May 17

The Internal Revenue Service today reminded the 1 million people who didn’t file their tax year 2020 returns […]

Two IRS teams named finalists for Service to America Medals during Public Service Recognition Week; honored for paperless processing, $3.4 billion cryptocurrency seizure

To help celebrate this year’s Public Service Recognition Week, the Internal Revenue Service today recognized two IRS teams that reached the […]

IRS encourages tax exempt organizations to file their taxes ahead of May 15 deadline

The Internal Revenue Service encouraged thousands of tax exempt organizations today to file their taxes ahead of their filing […]

IRS releases final guidance for certain clean vehicle credits under the Inflation Reduction Act

The Internal Revenue Service issued final regulations today for the new and previously owned clean vehicle credits. The final regulations […]

By law, taxpayers have the right to challenge the IRS’ position and be heard

By law, taxpayers have the right to challenge the IRS’ position and be heard Every taxpayer has fundamental […]

Get ahead of the tax deadline; act now to file, pay or request an extension

WASHINGTON — With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time file […]

IRS reminder to taxpayers affected by terrorist attacks in Israel: 2023 returns and payments are now due Oct. 7; other relief available

WASHINGTON — The Internal Revenue Service today reminded individuals and businesses affected by the terrorist attacks in the […]

Adoptive parents: Don’t forget about the Adoption Tax Credit

Taxpayers who adopted or started the adoption process in 2023 may qualify for the adoption credit. This credit […]

Dirty Dozen: Beware of Offer in Compromise ‘mills’ that falsely claim their services are necessary to resolve IRS debt

  WASHINGTON – As part of the annual Dirty Dozen list of tax scams, the Internal Revenue Service today renewed […]

Families can save money with free tax filing options

Taxpayers with families who want to file free federal tax returns have several options that offer online tax […]

Treasury, IRS issue guidance for the elective payment of advanced manufacturing investment credit

  WASHINGTON – The Internal Revenue Service (IRS) today issued final regulations that provide guidance for the entities choosing the […]

Tax Time Guide: Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets

WASHINGTON — The Internal Revenue Service reminds taxpayers they’re generally required to report all earned income on their […]

Margie Rollinson begins work as 49th IRS Chief Counsel; first woman to permanently hold position

  WASHINGTON – Margie Rollinson took the oath of office today to become the 49th IRS Chief Counsel and the […]

IRS alert: Beware of companies misrepresenting nutrition, wellness and general health expenses as medical care for FSAs, HSAs, HRAs and MSAs

  WASHINGTON – Amid concerns about people being misled, the Internal Revenue Service today reminded taxpayers and heath […]