IRS News

New Federal Withholding Tables

The 2018 federal withholding tables, which were issued later than usual due to enactment of the Tax Cuts and Jobs Act (the Act), must be used beginning Thursday, Feb. 15, 2018. That is also the deadline for changing the optional flat rate for withholding on supplemental wage payments of $1 million or less (bonuses, commissions,

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Beware of Fake Calls to Return IRS Refund Money to a Collection Agency

The Internal Revenue Service today warned taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. Following up on a Security Summit alert issued Feb. 2, the IRS issued this additional warning about the new scheme. In addition, the number of potential taxpayer victims jumped from a few hundred

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How to avoid a surprise tax burden for 2016

As you come to the end of 2016, ask yourself a few simple questions in regard to your tax position. What will I do if my return is prepared and there is a large balance due that I am not prepared to pay? What can I do now to estimate what my tax liability may

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INDIANAPOLIS, Ind. – If you receive an email from the Indiana Department of Revenue or the Internal Revenue Service, you'd best delete it. Both agencies are warning about an email scam in ... [...]
Tue, Nov 20, 2018
Source: IRS News
WASHINGTON, D.C. (KCRG) - The Internal Revenue Service and Security Summit (IRS) is warning people to be on the lookout for any fraudulent emails that are impersonating the IRS and using tax transcrip... [...]
Tue, Nov 20, 2018
Source: IRS News
Scammers are sending infected emails while posing as the IRS and the Indiana Department of Revenue. These scam emails use tax transcripts as bait to entice users to open the attachments. The IRS and D... [...]
Tue, Nov 20, 2018
Source: IRS News
WASHINGTON - Officials from the Internal Revenue Service and Security Summit warn the public of a surge of fraudulent emails impersonating the IRS. According to a release, the scammers are using tax t... [...]
Tue, Nov 20, 2018
Source: IRS News
FILE - In this April 13, 2014 file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. (AP Photo/J. David Ake, File) The US Internal Revenue Service (IRS) has failed ... [...]
Tue, Nov 20, 2018
Source: IRS News
The cannabis industry is growing like a weed, and investors have been more than willing to jump right in with both feet. The big news, of course, is the legalization of recreational marijuana in Canad... [...]
Mon, Nov 19, 2018
Source: IRS News
A former employee for the Internal Revenue Service in Atlanta has been sentenced to two years in prison after she pleaded guilty to aggravated identity theft. On at least five occasions, Stephanie Par... [...]
Mon, Nov 19, 2018
Source: IRS News
PHOENIX - The Thanksgiving Holiday Food Distribution Line at St.Marys Food Bank is a snapshot of the need for the work Valley charities are doing. To keep the lights on and the shelves stocked, organi... [...]
Mon, Nov 19, 2018
Source: IRS News
Your article was successfully shared with the contacts you provided. Traditional tax-qualified long-term care insurance policies now have new tax deductibility limits, according to the IRS. Premiums f... [...]
Mon, Nov 19, 2018
Source: IRS News
WASHINGTON — The Internal Revenue Service and Security Summit partners Monday warned the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users ... [...]
Mon, Nov 19, 2018
Source: IRS News