As part of a bigger plan to ensure compliance and fairness, the Internal Revenue Service said it will increase efforts to visit high-income taxpayers who in prior years have failed to timely file one or more of their tax returns. [...]
With a surge of tax returns expected the two weeks following the Feb. 17 Presidents Day holiday, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily. [...]
The Internal Revenue Service has launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses. Located on IRS.gov, Identity Theft Central is available 24/7 at irs.gov/identitytheft. It [...]
Seniors getting ready to file or at least work on taxes shouldn't panic. That's because the Internal Revenue Service wants all seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard [...]
With the start of the 2020 tax filing season here, the Internal Revenue Service reminds taxpayers to avoid unethical "ghost" tax return preparers. According to the IRS, a ghost preparer does not sign a tax return they prepare. Unscrupulous ghost [...]
IRS Free File can save families, especially those with children, some money in 2020 plus find tax benefits such as the Earned Income Tax Credit. Free File is now available at IRS.gov/freefile. Since its 2003 debut, Free File has served nearly [...]
The Internal Revenue Service recently launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information. "The IRS developed this online center to help taxpayers in this emerging [...]
The Internal Revenue Service recently issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1 the standard mileage rates for the use [...]
The Internal Revenue Service urged taxpayers involved in designated syndicated conservation easement arrangements to consult with their tax advisors following a recent U.S. Tax Court decision and agency plans to continue enforcement efforts in this area. According to an IRS [...]
The Internal Revenue Service reminds taxpayers there are things they should do now to get ready for the tax-filing season ahead. Here are some tips and ideas via an IRS news release. Charitable Contributions For most taxpayers, Dec. 31 is [...]