Treasury, IRS set final and proposed regulations on new 100% depreciation
There's new news on the Internal Revenue Service front. The Treasury Department and the IRS recently released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the [...]
Freelancers, gig economy may benefit from new IRS online tool
The Internal Revenue Service said its new Tax Withholding Estimator tool includes a feature designed to make it easier for employees who also receive self-employment income to accurately estimate the [...]
IRS encourages preparation for a natural disaster wherever you live
Whether you live in Florida where hurricanes are common or someplace else the Internal Revenue Service encourages you to prepare for a natural disaster. For example, as Dorian threatens and [...]
Security Summit warns of new IRS impersonation email scam
The Internal Revenue Service and its Security Summit partners continue warning vulnerable taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally via email. Remember: the Internal [...]
IRS automatically waives estimated tax penalty for eligible 2018 tax filers
The IRS is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the [...]
Got significant tax debt? Act ASAP to avoid passport revocation
The Internal Revenue Service wants taxpayers to resolve their significant tax debts to avoid passport revocation. They should contact the IRS now to avoid delays in their travel plans later. [...]
IRS: truckers remember to e-file highway use tax return by Sept. 3
Calling all heavy vehicle operators: the Internal Revenue Service has issued an important reminder for owners of most heavy highway vehicles that the time to file what is referred to [...]
Tax security 2.0: the ‘Taxes-Security-Together’ Checklist
The IRS, state tax agencies and the nation’s tax industry reminds all “professional tax preparers” that federal law requires them to create a written information security plan to protect their [...]
‘Security Six’ protections may help tax professionals, taxpayers be safer online
Using a new “Taxes-Security-Together” Checklist, the Internal Revenue Service and the Security Summit partners urged tax professionals to review critical security steps to ensure they are fully protecting their computers [...]
A sunnier tax season with these summertime tax tips
Buying your first home? Working a summer retail ob? Volunteering at the local YMCA? Activities that are common in the summer often qualify for tax credits or deductions. And, while [...]