IR-2020-157, July 15, 2020 WASHINGTON — The IRS reminds taxpayers that one of the best ways to check on their refund is the Where’s My Refund? tool on the IRS website and the IRS2Go app. Updated once a day, usually overnight, this useful tool gives taxpayers a projected refund issuance date as soon as it […]
Category Archives: Internal Revenue Service
IRS reminder: Taxpayers can get an extension to Oct. 15 to file taxes
IR-2020-153, July 14, 2020 WASHINGTON – The Internal Revenue Service today reminds taxpayers that they have until the postponed due date of July 15, 2020, to file an extension for their 2019 federal tax return. The extension gives taxpayers until Oct. 15 to file, but taxes owed are due by July 15. The July 15 […]
IRS provides additional relief for tax-exempt hospitals: Deadline for completing certain needs assessment requirements moved to Dec. 31
IR-2020-156, July 14, 2020 WASHINGTON — Because of the burdens the COVID-19 pandemic has placed on hospitals, the Internal Revenue Service today provided additional relief to hospital organizations that must meet the Community Health Needs Assessments (CHNA) requirements. Notice 2020-56 (PDF) extends the deadline for conducting a CHNA and adopting an implementation strategy to meet […]
Treasury and IRS release draft partnership form to provide greater clarity on international tax reporting
IR-2020-155, July 14, 2020 WASHINGTON — The Treasury Department and the IRS today released a proposed redesigned partnership form for tax year 2021 (filing season 2022). The proposed form is designed to provide greater clarity for partners on how to compute their U.S. income tax liability with respect to items of international tax relevance, including […]
IRS reminder: File and pay 2019 business taxes by July 15; 2020 estimated tax also due
IR-2020-154, July 14, 2020 WASHINGTON — The Internal Revenue Service today reminded business taxpayers that their 2019 tax returns and tax payments, as well as their first two 2020 estimated tax payments, are due on Wednesday, July 15. The July 15 due date generally applies to any tax return or tax payment deadline that was […]
Tax Court strikes down four more abusive syndicated conservation easement transactions; IRS calls on taxpayers to accept settlement offers in syndicated conservation easement cases
IR-2020-152, July 13, 2020 WASHINGTON — On July 9, the U.S. Tax Court struck down four more abusive syndicated conservation easement transactions. The Internal Revenue Service calls on any taxpayer involved in syndicated conservation easement transactions who receives a settlement offer from the agency to accept it soon. These time-limited settlement offers, announced June 25, […]
J5 reflects on two-years pursuing global tax cheats
IR-2020-151, July 13, 2020 WASHINGTON — Leaders from five international tax organizations are marking the two-year anniversary of the formation of the Joint Chiefs of Global Tax Enforcement (J5) this week. The J5 includes the Australian Taxation Office (ATO, the Canadian Revenue Agency (CRA), the Dutch Fiscal Information and Investigation Service (FIOD), Her Majesty’s Revenue […]
IRS gives tips on filing, paying electronically and checking refunds online; 2019 tax returns and payments due July 15
IR-2020-150, July 13, 2020 WASHINGTON — The Internal Revenue Service today reminded taxpayers with a filing requirement to file an accurate tax return on time even if a balance due can’t be paid in full. The deadline to submit 2019 tax returns is July 15, 2020, for most people. Members of the military serving overseas […]
IRS says a Paycheck Checkup helps avoid tax surprises
IR-2020-149, July 10, 2020 WASHINGTON — The Internal Revenue Service is reminding taxpayers that using the IRS Tax Withholding Estimator to do a Paycheck Checkup can help them have the right amount of tax withheld and avoid surprises when filing next year. Because income taxes are pay-as-you-go, taxpayers are required by law to pay most […]
IRS provides last-minute tips for last-minute filers
IR-2020-148, July 10, 2020 WASHINGTON — With the July 15 tax-filing deadline − postponed from April 15 – only a few days away, the IRS is reminding taxpayers who have yet to file their tax returns that IRS.gov has tools and services to help them meet their tax obligations. IRS tax help is available 24 […]