The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
Last year, after pushback from taxpayers and tax professionals, the Internal Revenue Service (IRS) promised to revisit form W-4, Employee’s Withholding Allowance Certificate. The IRS issued a statement confirming that “the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.” Today, the…
Is the Internal Revenue Service (IRS) overwhelmed? It’s a question I’ve been mulling as I’ve sat on the phone for longer and longer hold times of late. And it turns out that my experience may increasingly be the norm. The 2018 IRS Data Book, which was recently published by the agency, offers a snapshot of…
This week marks tax deadlines for some taxpayers – including tax-exempt organizations on a calendar tax year-end – but software outages caused concern that filings might not be timely. In response, the Internal Revenue Service (IRS) is offering guidance for impacted taxpayers. Unlike last year’s glitch, this outage isn’t an IRS issue. On May 6, Wolters Kluwer…
Charles (“Chuck”) P. Rettig is the 49th Commissioner of the Internal Revenue Service (IRS) and was sworn in on October 1, 2018. Prior to joining the agency, Rettig spent 36 years as a tax lawyer in private practice. He earned his college degree in economics from the University of California at Los Angeles, his JD (law…
If the changes to tax rates and withholding over the past year have you scratching your head, help is on the way. The Internal Revenue Service (IRS) is offering a free online information session on how to do a Paycheck Checkup. Here’s why many taxpayers are confused. The Tax Cuts and Jobs Act (TCJA) introduced many changes beginning…
With just a few weeks until Tax Day, the Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for tax scams. The IRS has issued its annual “Dirty Dozen” list of tax scams, highlighting a variety of schemes. The common thread, according to the IRS: Scams put taxpayers at risk. Taxpayers can…
So far, tax season is proving to be anything but ordinary. Tax filings are down, and refunds are off to a sluggish beginning. And it’s not only taxpayers getting a late start: the National Taxpayer Advocate (NTA) just released its annual report to Congress a short while ago. By statute, the report should have been submitted…
Presidents Day is Monday, February 18, 2019. The run-up to Presidents Day – and the few days after – is traditionally the busiest time of year for the Internal Revenue Service (IRS). If you need help, try the IRS website (www.IRS.gov) first. But if you must call, be prepared to verify your identity – and…
Just in time for the busiest weekend for the Internal Revenue Service (IRS), Commissioner Chuck Rettig issued a message to taxpayers. In the video previously posted on YouTube (but no longer available), Rettig shares important information for the 2019 tax filing season. There are, he says, three things can you count on this filing season:…
The Internal Revenue Service (IRS) was open for business on the first day of tax season, Monday, January 28, 2019. With the government shutdown over (at least for now), the IRS is trying to get back to normal. IRS Commissioner Chuck Rettig assured taxpayers, “The IRS will be doing everything it can to have a smooth…