Similar Posts
IRS Issues Reminder That Forms W-2 Are Due Earlier, Some Tax Refunds Delayed, In 2017
If you’re a business owner, be sure to draw a red circle around the date January 31, 2017, on your calendar: that’s the new due date for filing forms W-2. Under the new law, the Protecting Americans from Tax Hikes (PATH) Act, enacted last December, the new filing deadline for employers to submit forms W-2 to the Social Security Administration, is January 31. Here’s more.
IRS Announces Tax Relief For Tennessee Tornado Victims
At least 24 people have been reported dead, dozens were injured, and tens of thousands were left without power following a series of storms in early March. The National Weather Service reported that at least six tornadoes hit middle Tennessee, including one with winds up to 175 mph (280 kph), reaching EF-4 strength. In response, the Internal…
IRS Announces Business, Medical, Moving & Charitable Mileage Rates For 2020
Better late than never: The Internal Revenue Service (IRS) has issued the 2020 standard mileage rates. Beginning on January 1, 2020, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile for business miles driven (down from 58 cents in 2019) 17 cents per mile driven…
IRS Drops Investigation Into Contributions (Tax World Drops Jaw)
Hear that? It’s the sound of a pin dropping. Or my jaw dropping. Take your pick. The IRS has announced – unexpectedly – that it will no longer pursue an investigation into a group of donors who made contributions to nonprofit groups for the purpose of political ads. Specifically, the IRS was looking into whether…
IRS Issues Statement On Unauthorized Access Of Taxpayer Transcripts
The Internal Revenue Service has issued a statement regarding the unauthorized access of taxpayer information using the “Get Transcript” application. Follows is the statement in full: The IRS announced today that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application….
IRS Investigations, Prosecutions For Tax Crimes Up In 2013
Those stories you’ve been seeing about tax-related crimes, investigations and convictions? They’re not just sensationalist. They’re real. And they’re part of a continuing trend by IRS to investigate financial crimes. Read what the annual report had to say about them…
