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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The U.S. Treasury Department is making changes to its donor-reporting requirements for certain nonprofit organizations. The move means some political groups can protect their funding sources from gove... [...]
Wed, Jul 18, 2018
Source: IRS News
Some nonprofit groups will no longer have to give the IRS the names of donors who give them $5,000 or more. Among the groups that will no longer have to report donors are the National Rifle Associatio... [...]
Wed, Jul 18, 2018
Source: IRS News
The Trump administration is lifting requirements that some tax-exempt groups disclose the identities of their donors to U.S. tax authorities. The change benefits groups that spend millions of dollars ... [...]
Wed, Jul 18, 2018
Source: IRS News
WASHINGTON -- The family separation crisis prompted calls from some Democrats to abolish Immigration and Customs Enforcement -- pitting them against Republicans eager to seize the opportunity to paint ... [...]
Wed, Jul 18, 2018
Source: IRS News
July 17 (UPI) --Four Democratic states filed a lawsuit Tuesday, stating they were unfairly targeted by a cap on federal tax deductions included in the 2017 federal tax overhaul law. New York, Connecti... [...]
Tue, Jul 17, 2018
Source: IRS News
Nonprofits that spend money to influence elections but are not required to disclose donors to the public — called “dark money” groups by critics — no longer need to share their donors' names or addres... [...]
Tue, Jul 17, 2018
Source: IRS News
WASHINGTON - The Trump administration is lifting requirements that some tax-exempt groups disclose the identities of their donors to federal tax authorities. The change benefits groups that spend mill... [...]
Tue, Jul 17, 2018
Source: IRS News
As nonprofit advocacy groups plunge into a high-priced fight over confirming Supreme Court nominee Brett Kavanaugh, they will no longer have to identify their biggest donors to the Internal Revenue Se... [...]
Tue, Jul 17, 2018
Source: IRS News
The Trump administration will end a long-standing requirement that certain nonprofit organizations disclose the names of their large donors to the IRS, a move that will allow some political groups to ... [...]
Tue, Jul 17, 2018
Source: IRS News
In the days following tax reform, leaders in some states complained loudly about feeling targeted by deduction caps imposed on state and local taxes (SALT). Now they've taken action. Today, four state... [...]
Tue, Jul 17, 2018
Source: IRS News