Got a minute and a half? Earlier this week, I spoke with Annie Baxter on Marketplace Radio about the upcoming IRS season. Here’s the interview:
Worried about the upcoming tax season? So are IRS Commissioner John Koskinen and National Taxpayer Advocate Nina Olson. I sat down with both of them to talk about challenges for the upcoming season, including coping with budget cuts, increased compliance concerns due to ACA, FATCA and the extenders and a delay to the tax season.
Remember those missing IRS emails? The ones from Lois Lerner? They might not be missing after all.
If your phone is still ringing with tax scams and IRS impersonations, you’re not alone. J. Russell George, the Inspector General, has referred to these ongoing schemes as “the largest scam of its kind that we have ever seen.” As IRS and TIGTA try to combat the growing problem of identity theft and tax scams, the fraudsters are hoping to stay a few steps ahead. They’re switching up their schemes in an effort to not get caught. Have you read about their latest efforts?
The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2015, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items. If you’re looking for 2015 tax rates, here you go!
It’s that time of year again! With the 2015 tax filing season just months away, IRS reminds tax preparers that they must have a valid PTIN. And for those seeking voluntary credentials, the AFSP will be opening shortly.
Trying to reach IRS over the long weekend? Hoping to use e-Services to file by the extension, match a TIN or other service? You’re out of luck until Tuesday.
Earlier this week, a panicked reader shot me the link to an article with this headline: 2014 Federal Tax Refunds To Be Delayed Until October 15. I glanced at the article on my phone and fired off a quick inquiry to the media department at Internal Revenue Service (IRS) questioning whether it was true. A few minutes later, I sent IRS an apologetic “Doh!” Once I had the chance to sit down at my laptop and read through the piece, it was clear that it was a hoax. I really should have known better. The headline about Gov. Perry suspending …
The IRS has finally issued some guidance on Bitcoin and FBAR. The verdict? Not reportable for now…
There will be a tax preparer certification program after all. That was the word from Internal Revenue Service Commissioner John Koskinen. If you’re scratching your head after Loving v. Commissioner and wondering how that’s possible, here’s your answer: the program will be voluntary. Following losses at the lower court and the appellate court which held that IRS did not have the authority to regulate preparers, the IRS dropped the matter. For the 2014 tax season, tax preparers were required to have a preparer tax identification number (PTIN) but were not required to engage in testing or continuing education requirements; similarly, …