Movie Time at the IRS
With tax season underway, the IRS is highlighting its tax-help videos. It maintains three channels: English-language videos, ASL videos, and multilingual videos. According to the IRS, they're garnered...
View ArticleWhat's Hot at the IRS
The IRS is getting taxpayers and preparers off to a good start with a "What's Hot" page that lists key issues that may affect tax filing this season. From legislation to potential scams to tax preparer...
View ArticleKoskien Sworn In As IRS Commissioner
John Koskien was formally sworn in as the new commissioner of the IRS today, formally taking the lead of an organization that spent much of 2013 being politically battered over singling out political...
View ArticleTaxpayer Advocate Releases 2013 Report
IRS Taxpayer Advocate Nina E. Olson released her 2013 annual report to Congress yesterday, and in it called for the establishment of a Taxpayers Bill of Rights, more funding for the IRS itself, and for...
View ArticleIRS Releases Tax App
In an effort to make the tax season slightly easier for filers, preparers and the IRS itself, the service has released a new app called Get Transcript, which allows you to access your past tax records...
View ArticleNew IRS Head Says 'Sorry'
John Koskinen, the new head of the IRS, said sorry about the whole targeting conservative nonprofit groups for extra scrutiny thing that forced the previous director out in disgrace, according to Fox...
View ArticleIRS Ramps Up Criminal Investigations
The IRS has been stepping up its game in investigating fraud cases involving things like identity theft, according to Forbes. Investigations tripled between 2011 and 2012, said Forbes, and increased...
View ArticleIRS Whistleblowers Waiting in Limbo
While whistleblowers have been reporting to the IRS in droves, many have yet to receive the reward money that was supposed to accompany their actions, according to the New York Times.read more
View ArticleIRS Warns of Worse Service This Year
If you thought trying to reach the IRS by phone was frustrating before, wait until you see this year: IRS Commissioner John Koskinen, in a message to the American taxpayers posted to YouTube, warned...
View ArticleAppeals Court Thwarts IRS on Preparers
A U.S. appeals court on Feb. 11 upheld a lower court ruling that told the IRS it could not regulate tax-return preparers, according to a report in Reuters. In a unanimous ruling, the U.S. Court of...
View ArticleMedium Businesses Get ACA Break
Companies with between 50 and 99 full-time employees will now have until 2016 to comply with the coverage mandate in the Affordable Care Act, according to the Credit Union Times, though those with 100...
View ArticleIRS Releases 'Dirty Dozen' Scams
It's time for the new edition of the top tax-time scams that taxpayers should be on the lookout for. The following 12 items are the key 2014 dangers, according to a recent IRS release. read more
View ArticleIRS Offers Tips on Tips
CPAs certainly know this, but sometimes taxpayers may not understand: tips are income and have to be reported. The IRS is reminding everyone with a recent Tax Tip on the subject. Workers who get tips...
View ArticleIRS Offers ACA Tips
With many of the more complex provisions of the Affordable Care Act (ACA) now in effect, for many doing their taxes this year will become a more complex affair. To help ease this burden, though, the...
View ArticleFinal rules on Net Investment Income Tax
The Internal Revenue Service (IRS) has issued final guidance for the 3.8 percent Net Investment Income Tax that was created to fund various components of the Affordable Care Act, according to...
View ArticleIRS Ahead in Refund Game
According to Accounting Today, the Internal Revenue Service (IRS) is topping its stats from the 2013 filing season: It issued some 48 million tax refunds by the end of February, a 5.6 percent increase...
View ArticleIRS Lawyer Alleges Mismanagement
An IRS lawyer on Tuesday told 10 senators in a letter that the Office of the Chief Council is ignoring serious waste and employee abuse in its New York and Long Island offices, according to the blog...
View ArticleThousands Hit by IRS Phone Scam
The Treasury Inspector General for Tax Administration (TIGTA) has reported that over 20,000 people have been targeted by what it says is the largest IRS phone scam the agency has ever seen, according...
View ArticleFewer Millionaires Getting Audits
Wealthy taxpayers can breathe slightly easier, as the IRS reported on Friday that audits of individuals making $10 million or more have gone steadily down over the years--for the fiscal year that ended...
View ArticleIRS Releases Virtual Currency Guide
Virtual currency, like Bitcoin, is to be treated as property for federal tax services, and not as an actual currency. That's according to the IRS, which today released guidance on virtual currencies...
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