Posted in Tax Alerts on Jan 26th, 2010 No Comments »
WASHINGTON — It’s a great honor to address the New York State Bar Association Taxation Section. I look forward to beginning a dialogue with you that will start – but I trust – not end today.
Today, I want to discuss complexity…and more to the point, how we are trying to work smarter to manage complexity. [...]
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WASHINGTON ? The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers.
The new tables incorporate the new Making Work Pay credit, one of the key tax provisions included in the American Recovery and Reinvestment Act of 2009 that [...]
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FS-2009-1, January 2009
AMT exemptions rise; several expiring deductions and credits get a new lease on life; a new standard property tax deduction and a special first-time homebuyer credit are available to some homeowners; and retirement savings incentives expand. These are among the changes taxpayers will find when they fill out their 2008 tax returns. More [...]
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WASHINGTON — The Internal Revenue Service today kicked off the 2009 tax filing season by announcing a number of new steps to help financially distressed taxpayers maximize their refunds and speed payments while providing additional help to people struggling to meet their tax obligations.
IRS Commissioner Doug Shulman encouraged taxpayers to take advantage [...]
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The Internal Revenue Service reminds taxpayers as part of their year end tax planning to be aware of recent tax changes as well as recently reinstated tax deductions.
“Some tax breaks and a review of your current tax situation may result in a bigger refund or less taxes to be paid come tax time,” said IRS [...]
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The Treasury Inspector General for Tax Administration (TIGTA) has issued a report presenting the results of a review to determine what actions the Internal Revenue Service is taking to address noncompliant, high-income Small Business/Self-Employed (SB/SE) Division taxpayers who claim business losses using a U.S. Individual Income Tax Return (Form 1040) Profit or Loss From Business [...]
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WASHINGTON — The Internal Revenue Service will simplify the signature process for electronically filed individual income tax returns submitted by tax practitioners. The simplification eliminates the need for a paper signature document to be sent to the IRS in support of electronically filed tax returns.
Beginning with the 2008 filing season, tax [...]
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The IRS has provided the general rules and specifications for reproducing paper and computer-generated paper substitutes for the January 2007 revision of Form 941, Employer’s Quarterly Federal Tax Return, and for the January 2006 revision of Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors. Substitute territorial Forms 941-PR, 941-SS and Anexo [...]
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WASHINGTON — Moving to curb abuse of this year’s one-time telephone excise tax refund program, the Justice Department and the Internal Revenue Service obtained federal indictments this spring against tax preparers who allegedly filed thousands of dollars in fraudulent refund claims.
In recent weeks, the alleged refund schemes involving preparers in Miami, [...]
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Posted in Tax Alerts on Jun 5th, 2007 No Comments »
There’s a new phishing scam circulating via email. Fraudsters are sending out an email purporting to be sent by the Internal Revenue Service, and states that the email recipient is under criminal investigation. Find out how to protect yourself, and how to forward the email to the IRS as evidence.
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