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Month: February 2020

Some popular tax benefits renewed for 2019; IRS Publication 17 helps with 2019 taxes

February 27, 2020Business, General, Tax Tips

IR-2020-44, February 26, 2020 WASHINGTON ― The Internal Revenue Service reminds taxpayers that it is processing tax returns claiming benefits extended or changed by recent legislation. Most taxpayers can file […]

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Newly-revised IRS publication explains tax benefits for members of the millitary

February 24, 2020Business, General, Tax Tips

IR-2020-40, February 24, 2020 WASHINGTON — The Internal Revenue Service has released its newly-revised tax guide, designed to help members of the military understand the many special tax benefits available […]

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IRS seeks volunteers to be the voice of the Taxpayer on the Taxpayer Advocacy Panel

February 20, 2020Business, General, Tax Tips

IR-2020-36, February 19, 2020 WASHINGTON — The Internal Revenue Service today announced it is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP). The TAP is a federal […]

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IRS seeks volunteers to be the voice of the Taxpayer on the Taxpayer Advocacy Panel

February 20, 2020Business, General, Tax Tips

IR-2020-36, February 19, 2020 WASHINGTON — The Internal Revenue Service today announced it is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP). The TAP is a federal […]

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Avoid the rush: Track tax refunds using the “Where’s My Refund?” tool at IRS.gov

February 19, 2020Business, General, Tax Tips

IR-2020-31, February 14, 2020 WASHINGTON — Offering time-saving alternatives to a telephone call, the Internal Revenue Service reminds taxpayers they can get fast answers to their refund questions by using […]

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IRS urges tax professionals, taxpayers to protect tax software accounts with multi-factor authentication

February 18, 2020Business, General, Tax Tips

IR-2020-32, February 14, 2020 WASHINGTON — The IRS and its Security Summit partners today called on tax professionals and taxpayers to use the free, multi-factor authentication feature being offered on […]

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IRS, Treasury issue proposed regulations updating income tax withholding rules

February 13, 2020Business, General, Tax Tips

IR-2020-28, February 11, 2020 WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating the federal income tax withholding rules to reflect changes made […]

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IRS takes next step on abusive micro-captive transactions; nearly 80 percent accept settlement, 12 new audit teams established

February 10, 2020Business, General, Tax Tips

IR-2020-26, January 31, 2020 WASHINGTON — The Internal Revenue Service announced today the overwhelming acceptance of a time-limited settlement offer made to certain taxpayers under audit who participated in abusive […]

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IRS launches Identity Theft Central

February 6, 2020Business, General, Tax Tips

Focuses on needs of taxpayers, tax professionals and businesses IR-2020-27, February 3, 2020 WASHINGTON — The Internal Revenue Service today launched Identity Theft Central, designed to improve online access to information […]

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