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Month: November 2018

Proposed hardship withdrawal regulations include relief for disaster victims: Retirement plans can now make loans, hardship distributions to victims of Hurricanes Michael and Florence

November 30, 2018Business, General, Tax Tips

IR-2018-236, November 29, 2018 WASHINGTON — The Internal Revenue Service recently announced that 401(k) plans and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane […]

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Get Ready for Taxes: Many options available for preparing a 2018 tax return

November 28, 2018Business, General, Tax Tips

IR-2018-234, November 28, 2018 WASHINGTON — The Internal Revenue Service is advising taxpayers that now is a good time to decide how to prepare and file their 2018 tax return. […]

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Get Ready for Taxes: Safekeeping tax records helps for future filing, amended returns, audits

November 27, 2018Business, General, Tax Tips

IR-2018-232, November 26, 2018 WASHINGTON — With the tax filing season quickly approaching, the Internal Revenue Service wants taxpayers to understand how long to keep tax returns and other documents. […]

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Security Summit plans National Tax Security Awareness Week, Dec. 3-7; New Twitter handle launched, ‘Dark Web’ webinar planned

November 20, 2018Business, General, Tax Tips

IR-2018-228, November 20, 2018 WASHINGTON – With the approach of the holidays and the upcoming tax season, the Internal Revenue Service, state tax agencies and the nation’s tax industry will […]

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IRS provides tax inflation adjustments for tax year 2019

November 16, 2018Business, General, Tax Tips

IR-2018-222, November 15, 2018 WASHINGTON — The Internal Revenue Service today announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules […]

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For Tax Year 2017, e-file closes on Nov. 17; After that, disaster victims, others need to file on paper

November 13, 2018Business, General, Tax Tips

IR-2018-218, Nov. 9, 2018 WASHINGTON —The Internal Revenue Service today reminded people, including those in disaster areas, who want to file a 2017 tax return electronically to do so by […]

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For Tax Year 2017, e-file closes on Nov. 17; After that, disaster victims, others need to file on paper

November 9, 2018Business, General, Tax Tips

IR-2018-218, Nov. 9, 2018 WASHINGTON —The Internal Revenue Service today reminded people, including those in disaster areas, who want to file a 2017 tax return electronically to do so by […]

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Get Ready for Taxes: Here’s how the new tax law revised family tax credits

November 8, 2018Business, General, Tax Tips

IR-2018-217, Nov. 7, 2018 WASHINGTON ― More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service. This is the […]

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IRS issues final regulations, expanding paid preparer due diligence requirement to head of household filers

November 7, 2018Business, General, Tax Tips

IR-2018-216, November 7, 2018 WASHINGTON — The Treasury Department and the Internal Revenue Service today issued final regulations expanding the long-standing paid preparer due diligence requirement to include individual income […]

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IRS, Free File Alliance announce changes to improve program; Improved taxpayer options available for 2019 Free File program

November 5, 2018Business, General, Tax Tips

IR-2018-213, November 2, 2018 WASHINGTON — The Internal Revenue Service announced today an agreement with the Free File Alliance that will strengthen and expand taxpayer options for people choosing to […]

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