Free step-by-step webinar September 19 IR-2019-155, September 13, 2019 WASHINGTON — The new Tax Withholding Estimator, launched last month on IRS.gov, includes user-friendly features designed to help retirees quickly and easily figure the right amount of tax to be taken out of their pension payments. The mobile-friendly Tax Withholding Estimator replaces the Withholding Calculator. The tool […]
Category Archives: Internal Revenue Service
IRS expanding the Compliance Assurance Process for 2020, accepting new corporate applicants
IR-2019-154, September 12, 2019 WASHINGTON — The Internal Revenue Service announced today the opening of the application period for the 2020 Compliance Assurance Process program. For the first time since 2015, new corporate applicants who meet eligibility requirements can apply for CAP. The application period runs September 16 to October 31, 2019. The IRS will […]
IRS announces leadership appointments in the Small Business/Self-Employed Division; Harris, Guillot join Hylton in key enforcement positions
IR-2019-153, September 11, 2019 WASHINGTON — The Internal Revenue Service today announced that Darren Guillot has been selected as the Deputy Commissioner for Collection and Operations Support in the Small Business/Self-Employed Division (SB/SE) and De Lon Harris has been selected as the Deputy Commissioner for Examination. “De Lon and Darren will play integral roles in […]
Third quarter estimated tax payment due Sept. 16
Online tools at IRS.gov help people stay current IR-2019-152, September 9, 2019 WASHINGTON – With major tax reform now in its second year and taxpayers seeing its full effect on 2018 returns, the Internal Revenue Service today reminded people who pay estimated tax that their third quarter payment for 2019 is due Monday, September 16. […]
IRS announces new procedures to enable certain expatriated individuals a way to come into compliance with their U.S. tax and filing obligations
IR-2019-151, September 6, 2019 WASHINGTON — The Internal Revenue Service today announced new procedures that will enable certain individuals who relinquished their U.S. citizenship to come into compliance with their U.S. tax and filing obligations and receive relief for back taxes. The Relief Procedures for Certain Former Citizens apply only to individuals who have not […]
Treasury and IRS issue proposed regulations and provide relief for certain tax-exempt organizations
IR-2019-150, September 6, 2019 WASHINGTON — The Internal Revenue Service today issued proposed regulations clarifying the reporting requirements generally applicable to tax-exempt organizations. The proposed regulations reflect statutory amendments and certain grants of reporting relief announced by the Treasury Department and the IRS in prior guidance to help many tax-exempt organizations generally find the reporting requirements […]
New IRS Tax Withholding Estimator helps workers with self-employment income
Freelancers, others with side jobs in the gig economy may benefit from new online tool IR-2019-149, September 4, 2019 WASHINGTON — The Internal Revenue Service said today that the new Tax Withholding Estimator tool includes a feature designed to make it easier for employees who also receive self-employment income to accurately estimate the right amount […]
Direct deposit fastest way to receive federal tax refund
IRS YouTube videos: Direct Deposit for Your Tax Refund − English IR-2020-05, January 9, 2019 WASHINGTON — With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It’s simple, safe and […]
New Form 1040-SR, alternative filing option available for seniors
WASHINGTON ― The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it easier for older Americans to read and use. The Bipartisan Budget Act of 2018 required the IRS to create a tax […]
IRS provides tax relief for victims of Hurricane Sally; Oct. 15 deadline, other dates extended to Jan. 15
WASHINGTON — Victims of Hurricane Sally that began on September 14 now have until January 15, 2021 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 the Federal Emergency Management Agency (FEMA) as qualifying for […]