IR-2019-08, January 29, 2019 WASHINGTON — The Internal Revenue Service today reminds employers and other businesses of the Jan. 31 filing deadline that applies to filing wage statements and independent […]
IRS Activities Following the Shutdown
The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the […]
Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction
IR-2019-04, January 18, 2019 WASHINGTON — Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income […]
IRS Operations During the Appropriations Lapse
Due to the lapse in appropriations, most IRS operations are closed during the shutdown. An IRS-wide furlough began on December 22, 2018, that affects many operations. During this period, the […]
IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short […]
IRS Confirms Tax Filing Season to Begin January 28
WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. “We are […]
IRS Free File opens today in advance of tax season
Changes strengthen program; Free File can also help navigate new tax law provisions IR-2019-02, January 11, 2019 WASHINGTON — An improved version of IRS Free File begins its 17th filing […]
BREAKING NEWS: IRS Confirms Tax Filing Season to Begin January 28
IR-2019-01, January 7, 2019 WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to […]
IRS issues guidance on Section 179 expenses and Section 168(g) depreciation under Tax Cuts and Jobs Act
IR-2018-257, December 21, 2018 WASHINGTON — The Internal Revenue Service issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section […]