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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Your article was successfully shared with the contacts you provided. The Internal Revenue Service announced this week that its Criminal Investigation unit, working with the Justice Department's tax ... [...]
Thu, Mar 21, 2019
Source: IRS News
On March 6, 2019, the IRS announced that it will not amend the minimum required distribution regulations under Code section 401(a)(9) to expressly prohibit lump-sum window elections for retirees who ... [...]
Thu, Mar 21, 2019
Source: IRS News
Police say a caller claiming to be an IRS agent is trying to scam local residents. (Shutterstock) BIRMINGHAM, AL - With tax season in full swing, the phone scammers are reportedly busy trying to ... [...]
Thu, Mar 21, 2019
Source: IRS News
In their efforts to get daughter Olivia Jade into the University of Southern California as a student-athlete, Lori Loughlin and husband J. Mossimo Giannulli allegedly gave hundreds of thousands of ... [...]
Thu, Mar 21, 2019
Source: IRS News
WASHINGTON TOWNSHIP, NJ — The Internal Revenue Service will provide a free online, web-based information session in two languages on Thursday, March 28, 2019, to help people understand how to do a ... [...]
Thu, Mar 21, 2019
Source: IRS News
One of the most frequently asked questions I get during tax season is this: Are the commercials I hear about helping me settle my tax debt for real? One should not swear but the answer to this ... [...]
Thu, Mar 21, 2019
Source: IRS News
Fraudsters are rolling out a glut of legitimate-looking but fake text messages, emails and social media posts this tax season, according to the Internal Revenue Service. And many look like they're ... [...]
Wed, Mar 20, 2019
Source: IRS News
As the tax deadline approaches, the IRS wants to remind people to be vigilant against scammers. The IRS compiled a list called the Dirty Dozen, highlighting 12 different schemes targeting people ... [...]
Wed, Mar 20, 2019
Source: IRS News
Non-profit organizations are required to describe and document the process that the board, or a designated committee, uses to review Form 990. Some key areas addressed include compensation of ... [...]
Wed, Mar 20, 2019
Source: IRS News
Once a taxpayer has an unpaid income tax liability, the IRS will begin enforcement action to collect that tax. This action will most likely will be through the filing of tax liens and levies. [...]
Wed, Mar 20, 2019
Source: IRS News