Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

IR-2020-58, March 21, 2020 WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, […]

Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave

IR-2020-57, March 20, 2020 WASHINGTON — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to […]

Tax Time Guide: Guard personal, financial and tax information year-round

IR-2020-56, March 13, 2020 WASHINGTON — The Internal Revenue Service today reminded taxpayers to remain vigilant with their personal information by securing computers and mobile phones. Proper cybersecurity protection and scam recognition can reduce the threat of identity theft inside and outside the tax system. This news release is part of a series called the […]

IRS announces waivers for Offer in Compromise applications

IR-2020-55, March 12, 2020 WASHINGTON — The Internal Revenue Service today announced the release of final regulations that increase the Offer in Compromise application fee to $205 and provide an additional way for the IRS to waive the Offer in Compromise application fee for low-income taxpayers, based on their adjusted gross income (AGI). An Offer […]

IRS: High-deductible health plans can cover Coronavirus costs

IR-2020-54, March 11, 2020 WASHINGTON — The Internal Revenue Service today advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. This also means that an individual with an HDHP that covers these costs may continue to contribute to a health savings account (HSA). In […]

Tax Time Guide: Tax Withholding Estimator helps retirees, workers and self-employed calculate taxes, fill out new Form W-4

IR-2020-53, March 10, 2020 WASHINGTON — The Internal Revenue Service is encouraging taxpayers to take control of the size of their refund using the Tax Withholding Estimator on IRS.gov. The estimator has a “slider” feature to let users to choose the refund they want from a range of amounts based on the information they enter. […]

Get up-to-date information including the annual IRS “Dirty Dozen” with IRS e-News Subscriptions

IR-2020-52, March 9, 2020 WASHINGTON — The Internal Revenue Service today reminded taxpayers, businesses, tax professionals and others to take advantage of a wide variety of free IRS email subscription services that feature things like the annual “Dirty Dozen” list of tax scams, which is coming this month. The e-News Subscription service issues tax information […]

Two updated IRA publications, other online resources can help anyone planning for retirement

IR-2020-50, March 6, 2020 WASHINGTON — The Internal Revenue Service has updated two comprehensive publications designed to help anyone making IRA contributions or receiving IRA distributions for tax year 2019 or considering making retirement donations before April 15, 2020. The 2019 editions of Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Publication 590-B, Distributions […]

IRS extends April 15 and other upcoming deadlines, provides other tax relief for victims of Tennessee tornadoes

IR-2020-51, March 6, 2020 WASHINGTON — Victims of this week’s tornadoes and severe storms in parts of Tennessee, including Nashville, will have until July 15, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area designated by […]

IRS Criminal Investigation veteran selected as new Fraud Enforcement Director

IR-2020-49, March 5, 2020 WASHINGTON — As part of a continuing focus on compliance issues, the Internal Revenue Service announced today that Damon Rowe will serve as the agency’s director of the newly created Fraud Enforcement Office beginning in mid-March. Rowe and the new office will reside in the IRS Small Business/Self Employed Division and […]