The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
The Internal Revenue Service will shutter its doors for the third time this summer as part of a series of furlough days. The next day for closure is coming up quickly: Friday, July 5, 2013. The furloughs are a reaction to the current budget situation, which includes the sequester. On furlough days, the IRS will…
When the Supreme Court handed down its opinion last week on Windsor (the DOMA case), it surprised more than a few folks. Count those as surprised: the Internal Revenue Service which must now come to terms with how to treat what is sure to be an onslaught of amended returns and even more confusion. Some…
Did they or didn’t they? For weeks, we’ve been hearing whispers that the Internal Revenue Service’s screening process which targeted certain tax exempt organizations included not only “Tea Party” terminology but those on the other end of the political spectrum, as well. Those whispers have now become roars. Democrats in the House claim that the…
As the battle on immigration reform heats up, more questions are being raised about the tax treatment of undocumented workers and others who might be illegally in this country. Of specific concern is the notion that undocumented workers might not be forced to be accountable for their tax obligations to date – especially while revelations…
In two weeks, the Internal Revenue Service will close its doors for the third time this summer. IRS employees will not report to work on July 5, 2013, as the result of furloughs allegedly due to budgetary woes. IRS employees, already operating under pay freezes – some for the last three years – will not…
If you have official tax business that really needs to be finished up this week, be sure and get it done today. The Internal Revenue Service will be closed tomorrow, June 14. It is the second of a series of five furlough days previously announced by the IRS due to budgetary considerations (including the sequester)….
We tend to think of summer as a slow time when it comes to taxes but it’s hardly a vacation for taxpayers and tax professionals. This summer, in particular, the Internal Revenue Service has a full calendar and June is no exception. Here are some notable dates to keep in mind: June 3. The IRS…
It’s no surprise that Rep. Darrell Issa (R-CA), Chair of the House Oversight and Government Reform Committee, would recall Lois Lerner, Director of the Exempt Organizations Division at the Internal Revenue Service. He advised as much on yesterday when Lerner possibly (keep reading!) pleaded the Fifth rather than testify at a Congressional hearing into allegations…
Don’t get too excited. It’s not closed forever. The Internal Revenue Service had previously announced five planned daylong furloughs beginning on May 24, 2013. The other scheduled furlough days are June 14, July 5, July 22, and August 30, 2013. The closures are related to gaps in the budget, including those due to sequestration. What…
As Congress continues its investigation into allegations that the Internal Revenue Service improperly targeted certain applications for tax-exempt status based on keywords and politically charged language, a number of IRS and Treasury officials made their way to the Hill today to testify in front of the House Committee on Oversight and Government Reform. The Committee,…