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Under the Affordable Care Act, insurance companies, self-insured companies, and large businesses and businesses that provide health insurance to their employees must submit information returns to the IRS and individuals reporting on health coverage. Taxpayers can use the information...
You should always keep a copy of your tax return. It is even more important for 2017, as the Internal Revenue Service moves to strengthen its e-signature validation process. You must use your 2015 adjusted gross income or your...
If you get a call from the “IRS” threatening you with lawsuits or jail unless you pay up immediately … Guess what? It’s a scam. IRS impersonation and tax scams by phone, email, postal mail and text are ongoing....
WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2017, the standard mileage...
IRS Strengthens Web Tool Access, Offers Tips for Use As part of a wider effort to protect taxpayers, the Internal Revenue Service took steps this year to strengthen access to several IRS.gov applications, including adding requirements for the use...
A Series of Yes-or-No Questions help you Determine Eligibility for the Premium Tax Credit The premium tax credit – also known simply as PTC – is a credit for certain people who enroll, or whose family member enrolls, in...
Simply ask for it. That’s the easiest way for an identity thief to steal your personal information. Each day, people fall victim to phishing scams through emails, texts or phone calls and mistakenly turn over important data. In turn,...
The Internal Revenue Service and its Security Summit partners are warning taxpayers and tax professionals of fake IRS tax bills related to the Affordable Care Act. The IRS has received numerous reports of scammers sending a fraudulent version of...
WASHINGTON – As tax filing season approaches, the Internal Revenue Service is reminding taxpayers about steps they can take now to ensure smooth processing of their 2016 tax return and avoid a delay in getting their tax refund next...
A new federal law moves up the for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund fraud. It also delays some taxpayer refunds. Those taxpayers claiming...
Looking for a gift to give after all those June weddings? How about some solid tax advice for the newlyweds? Taxes may not be top-of-mind for most new couples, but there are some important tax issues they should be...
Each year, many people get a larger refund than they expect. Some find they owe a lot more tax than they thought they would. If this has happened to you, review your situation to prevent a tax surprise. Did...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (i.e. the PATH Act). The provisions of this law will have major implications for taxpayers claiming both the Additional Child Tax...
Some taxpayers will be receiving an IRS letter about the premium tax credit; this letter is also known as a 12C letter. Be sure to read your letter carefully and respond timely. Here are answers to questions you may...
WASHINGTON — The Internal Revenue Service today reminded taxpayers that they still have time to contribute to an IRA for 2015 and, in many cases, qualify for a deduction or even a tax credit. This is the 10th in...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
