IRS Announces Free File Now Open, More Than 70% Of Taxpayers Can E-File For Free
Looking to file your tax return for free? IRS has announced that Free File is open and available to more than 70%, or 100 million, taxpayers.
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IRS Drops Proposal To Collect Social Security Numbers From Charitable Donors
The Internal Revenue Service (IRS) dropped a controversial proposal which would increase the amount of paperwork and personally identifying information provided to charitable organizations from donors seeking a tax deduction.
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IRS Announces Extended Due Date For Mississippi Storm Victims, Others May Be Added
The Internal Revenue Service (IRS) has announced that victims of December’s violent storms in Mississippi will have extra time to file their 2015 tax returns and pay any tax due.
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IRS Sends IP PIN Letters With Wrong Tax Year, Stresses It Will Not Affect Returns Filed In 2016
The Internal Revenue Service (IRS) has announced that it has discovered an error affecting Identity Protection Personal Identity Numbers (IP PIN) letters mailed out in December 2015: those letters have the wrong effective year.
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Looking For Updated Tax Rates?
With tax season on the way (more info here), you can find the 2015 tax rates here. Remember that these are the rates that you’ll use to file your 2015 tax returns by April 18, 2016 (Tax Day is delayed this year). You’ll use the 2016 tax rates for tax planning in 2016 and to file…
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IRS Advises Planning Ahead When Requesting Tax Transcripts For Mortgages, Student Loans
Plan ahead. That’s the advice from Internal Revenue Service (IRS) this year. As tax season approaches, IRS is advising taxpayers to plan ahead when requesting copies of any tax transcripts. Last year, following attempts to access taxpayer records using the “Get Transcript” application on the IRS website, the transcript application was taken down. Currently, taxpayers are…
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As Tax Filing Season Nears, IRS Warns Tax Professionals On New Phishing Scams
With tax season opening soon, scammers aren’t just taking advantage of taxpayers, they’re preying on tax professionals, too. Earlier today, the Internal Revenue Service (IRS) warned tax professionals that new phishing scams are making the rounds, including an email asking e-services users to update their e-services information. Specifically, the email asks tax professionals to update their…
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IRS Announces 2016 Filing Season Start Date – And A Delayed Tax Day
The Internal Revenue Service (IRS) has announced the 2016 filing season start date. And surprise! There’s no delay. Tax season for paper and electronically filed returns will open on Tuesday, January 19, 2016. That’s one day earlier than last year’s start date (January 20, 2015). Even better? There’s no tiered opening season. All taxpayers can begin filing…
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10 Breaks In The Tax Extenders Bill That Probably Won’t Help You At All
With just a few days to go in 2015, Congress finally reached an agreement on tax extenders for 2015. Nope, that’s not a typo. Congress had allowed over 50 tax breaks to expire as of December 31, 2014, and until this week, there had been no movement on extending those tax breaks for the current…
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With Gas Prices Falling, IRS Announces Lower 2016 Standard Mileage Rates
The Internal Revenue Service (IRS) has issued the 2016 optional standard mileage rates and beginning on January 1, 2016, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54 cents per mile for business miles driven (down from 57.5 cents in 2015) 19 cents per mile driven for…