Recent legislation added these requirements, which previously applied only to the earned income tax credit.
The IRS has launched an online tool that allows individual taxpayers to get their account balances online, including tax due, penalties, and interest.
Taxpayers will receive additional information relating to bond premiums on Forms 1099-INT and 1099-OID.
Business travelers have new per-diem rates to use in substantiating certain expenses.
The IRS self-certification procedure allows taxpayers who fail to meet the 60-day rollover requirement to claim eligibility for a waiver.
Private debt collection companies will start working to collect overdue tax liabilities in spring 2017.
As part of its latest efforts to prevent cybercrime, the IRS said it will begin sending letters to currently registered e-Services users asking them to re-register within 30 days of the date of the letter or risk being shut out of the system.
The rules, which go into effect April 1, 2017, apply to IRS examiners from the Tax Exempt/Government Entities division and specify best practices in issuing information document requests in the course of an audit.
In response to concerns from employers, insurers, and other providers of minimum essential coverage, the Internal Revenue Service announced that it is extending the due dates for certain health care forms required under the Patient Protection and Affordable Care Act.
IRS Commissioner John Koskinen reassured tax practitioners attending the AICPA’s National Tax Conference that the 2017 tax filing season should start on time.
The IRS issued an “urgent alert” to tax practitioners who use IRS e-services to beware of a fraudulent email asking them to update their accounts and directing them to a fake website.
The IRS, state tax agencies, and industry partners announced expanded and improved tax return identity theft safeguards for the 2017 filing season.
Because the PATH Act was enacted after many taxpayers had filed their 2014 returns, they may not know how to take advantage of tax changes.
IRS was not barred from bringing a collection suit against the taxpayers by the 10-year statute of limitation.
This case offers clarification for an employer looking to classify its workers as independent contractors.
The IRS is proposing to charge a variety of fees, based on whether the taxpayer uses the online application process and/or pays by direct debit.
Although it has identified over 1 million victims of employment-related identity theft, the IRS has not notified the victims or the Social Security Administration in many cases.
A taxpayer who fails to meet the requirement to roll over distributions within the normal 60-day period can make a written self-certification that a contribution meets one of the reasons for excusing the missed deadline.
A report from the TIGTA found that potentially billions of dollars of revenue is being lost due to the Internal Revenue Service’s lax enforcement of the backup withholding rules.
The IRS issued its annual revenue procedure containing inflation-adjusted amounts for the 2017 tax year, affecting over 50 Code provisions, as well as the new tax rate tables for individuals and estates and trusts.