News / IRS

More Americans Quit US Before FATCA Begins

Source: tax-news.com - Aug 11, 2014

According to Treasury Department statistics published in the Federal Register, a record number of 1,577 United States taxpayers gave up their passports or their green cards in the first half of... Read more >

Category: IRS

IRS Clarifies US Energy Production Tax Credit Compliance

Source: tax-news.com - Aug 11, 2014

The United States Treasury Department and the Internal Revenue Service (IRS) have issued a notice clarifying what it means to "begin construction" on a project for the purposes of the renewable... Read more >

Category: IRS

IRS Imposes New Limits On Tax Refunds By Direct Deposit

Source: forbes.com - Aug 11, 2014

While taxpayers were popping returns into the mail this year, scammers were busy trying to figure out how to cash in. The Internal Revenue Service reported that, by Tax Day, they were investigating... Read more >

Category: IRS

Former IRS Employee Arrested in Identity Theft Ring

Source: accountingtoday.com - Jul 28, 2014

A former Internal Revenue Service employee was arrested and charged with participating in an identity theft conspiracy that used information stolen from the files of other IRS employees. The... Read more >

Category: IRS

Tax Information for Students Who Take a Summer Job

Source: irs.gov - Jun 3, 2014

IRS Special Edition Tax Tip 2014-13, May 19, 2014 Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world.... Read more >

Category: IRS

This Tax Season, Fraudsters May Target Your Refund

Source: npr.org - Apr 1, 2014

You've already heard about thieves stealing credit card numbers, with dominating the news headlines. But imagine what a thief could do with your company's payroll records. Those contain valuable... Read more >

Category: IRS

Tax filing in 2014: 7 new rules and 9 wacky deductions

Source: csmonitor.com - Apr 1, 2014

Tax season is here, so it's time to ensure you're ready to get the most out of your filing. We're here to help you navigate the new rules for 2014 and alert you to some strange, wacky, but... Read more >

Category: IRS

Tax season 2014: Changes you need to know

Source: cbsnews.com - Mar 21, 2014

What is different for your taxes this year? Here are a few items you need to know about in this tax season. First, we'll look at the things that could pull a little bit more money from your... Read more >

Category: IRS

IRS scandal -- time for a special counsel

Source: foxnews.com - Feb 13, 2014

In the last week, new developments in the IRS targeting scandal have led me to the same conclusion as Senator Ted Cruz, Senator Lindsey Graham, Representative Trey Gowdy, and others: It’s time... Read more >

Category: IRS

Don't Make These Tax Mistakes Fifteen common tax-filing errors that can cost you dearly.

Source: online.wsj.com - Feb 6, 2014

Stephen Webster How should you feel about this year's taxes? It's complicated. The Internal Revenue Service opened its filing season Friday, and by midnight on April 15 the agency expects to hear... Read more >

Category: IRS

Marco Rubio Plans to Offer EITC Replacement

Source: accountingtoday.com - Jan 16, 2014

Washington, D.C. (January 14, 2014) By Michael Cohn Senator Marco Rubio, R-Fla., plans to introduce legislation that would provide a replacement for the Earned Income Tax Credit in the form of a... Read more >

Category: IRS

2014 Tax Season to Open Jan. 31; e-file and Free File Can Speed Refunds

Source: irs.gov - Dec 18, 2013

IR-2013-100, Dec. 18, 2013 WASHINGTON — The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the... Read more >

Category: IRS

IRS 2014 Standard Mileage Announced

Source: irs.gov - Dec 16, 2013

WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical... Read more >

Category: IRS

IRS Warns of Pervasive Telephone Scam

Source: irs.gov - Nov 4, 2013

IR-2013-84, Oct. 31, 2013 WASHINGTON — The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the... Read more >

Category: IRS

2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume

Source: irs.gov - Oct 28, 2013

IR-2013-82, Oct. 22, 2013 WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to... Read more >

Category: IRS