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 […]
Category Archives: Internal Revenue Service
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 […]
Tax Time Guide: Payment options available for those who owe
IR-2020-48, March 5, 2020 WASHINGTON — The Internal Revenue Service today reminded taxpayers that if they need to make a tax payment or owe and can’t pay, the IRS offers several options. This news release is part of a series of IRS tips called the Tax Time Guide, designed to help taxpayers file an accurate […]
Tax Time Guide: Check out these free tax return preparation options
IRS YouTube Videos: IR-2020-47, March 3, 2020 WASHINGTON — The Internal Revenue Service reminds taxpayers that free tax help is available in-person at nearly 11,000 volunteer sites nationwide and online through IRS Free File. This news release is part of a series called the Tax Time Guide, a resource to help taxpayers file an accurate […]
Tax Time Guide: IRS.gov’s “Where’s My Refund?” tool is fastest, easiest way to check on tax refunds
IR-2020-45, February 28, 2020 WASHINGTON — The Internal Revenue Service is reminding taxpayers today that the best way to check on their tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App. This news release is part of a group of IRS tips called the Tax Time […]
Interest rates remain the same for the second quarter of 2020
IR-2020-46, February 28, 2020 WASHINGTON – The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2020. The rates will be: five (5) percent for overpayments [four (4) percent in the case of a corporation]; two and one-half (2.5) percent for the portion of a […]
Some popular tax benefits renewed for 2019; IRS Publication 17 Helps with 2019 Taxes
IR-2020-44, February 26, 2020 WASHINGTON ― The Internal Revenue Service reminds taxpayers that it is processing tax returns claiming benefits extended or changed by recent legislation. Most taxpayers can file when they are ready – and as they normally would – if they are eligible for one or more of these benefits and claim them […]
Low income taxpayer clinics represented 19,513 taxpayers dealing with an IRS tax controversy; see the latest program report and the 2020 LITC grant recipient list
Name of Organization City State Award Amount Alaska Business Development Center LITC Anchorage AK $76,000 Legal Services Alabama LITC Montgomery AL $100,000 UA Little Rock Bowen School of Law LITC Little Rock AR $100,000 Legal Aid of Arkansas LITC Springdale AR $64,000 Community Legal Services LITC Phoenix AZ $95,000 Southern Arizona Tax Clinic Tucson AZ […]
Tax Time Guide: Millions make IRS.gov their first stop for tax help
IR-2020-42, February 25, 2020 WASHINGTON — Whether on home computers or mobile devices, the number of taxpayer visits to IRS.gov continues to grow year after year. Millions of taxpayers take advantage of the easy-to-use tools available 24 hours a day on the official website − IRS.gov. IRS.gov is home to IRS Free File, “Where’s My […]