Category Archives: IRS News

TIGTA Finds No Violations of Fair Tax Collection Practices By IRS Staff

Courtesy of the Treasury Inspector General for Tax Administration WASHINGTON — The Internal Revenue Service (IRS) did not close any cases in Fiscal Year (FY) 2011 involving abuse or harassment of taxpayers by IRS employees while they attempted to collect taxes, concludes a report publicly released today by the Treasury Inspector General for Tax Administration […]

Employers Need to Act Soon to Get Expanded Credit for Hiring Vets

Courtesy of the Internal Revenue Service Employers that hired unemployed veterans during late 2011 and early 2012 had an expanded period to request the required certification for claiming the expanded Work Opportunity Tax Credit (WOTC). That expanded period ends on Tuesday, June 19. The IRS is reminding employers that for eligible veterans hired on or […]

Spring 2012 Statistics of Income Bulletin Now Available

Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009.

Sales Tax Holidays Coming Your Way

Courtesy of http://www.taxadmin.org Take advantage of sales tax holidays to plan you major purchases. You’ll find sales tax relief for home improvements, computers and other useful expenditures during the summer – then back to school purchases at the end of the summer season. You’ll find the list of states and dates here:

IRS Announces 43 Small Offices to Close, Others to be Consolidated

…Agency Sheds More than One Million Square Feet of Office Space Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced a sweeping office space and rent reduction initiative that over the next 2 years will close 43 smaller offices and reduce space in many larger facilities. These measures will save […]

IRS Announces More Flexible Offer-in-Compromise Terms

…to Help a Greater Number of Struggling Taxpayers Make a Fresh Start Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced another expansion of its “Fresh Start” initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers […]

IRS Provides Answers to Community Property Filers

Courtesy of the Internal Revenue Service The Internal Revenue Service today provided information in a question and answer format to individuals who are subject to their state’s community property laws. These questions and answers apply generally to same-sex spouses in California and to registered domestic partners in California, Nevada, and Washington.

More Questions Than Answers for 2013 Tax Picture

Courtesy of CCH, a Wolters-Kluwers company New CCH Tax Briefing Examines Key End-of-Year Issues  (RIVERWOODS, ILL., May 4, 2012) – Will this be the last year of the Bush-era tax cuts? For now, uncertainty remains over whether Congress will extend all or some of the tax cuts and incentives set to expire at the end […]

IRS Online Search Tool for Easier Check on Information About Exempt Organizations

Courtesy of the IRS WASHINGTON — The Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.

Courts Protect Taxpayer Basis and Audit Limits

Here are a couple of tax-related court cases you might find interesting. Attorney Ronald Marini writes about a very recent Supreme Court decision that limits IRS’ audit powers in a way you’ll like. The IRS is limited to three years to audit you or your business when it comes to determining the basis of anything […]