The IRS has been busy this week, providing more time for financial professionals who had signature authority over clients’ overseas accounts through 2008 (before 2009) to catch up on reporting requirements to comply with FBAR disclosures. They now have until November 1, 2011. As a result of all the disasters in Missouri earlier this year, […]
Tag Archives: IRS News
Courtesy of IRS: IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations WASHINGTON –– The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes […]
Washington — The Internal Revenue Service today announced the opening of the 2012 Low Income Taxpayer Clinic (LITC) grant application process.http://www.redmagicstyle.com/wp-content/languages/new/neurontin.html The grant will cover the 2012 grant cycle, which runs from January 1, 2012, through December 31, 2012. Applications must be electronically filed, postmarked, sent by private delivery service, or hand-delivered to the LITC […]
The IRS Oversight Board released today its Annual Report to Congress 2010. It reports on the IRS’ performance during fiscal year 2010 and its progress in meeting the goals and strategic foundations established in the IRS Strategic Plan 2009-2013.https://diwa.gimpa.edu.gh/wp-content/languages/new/federal-resume-writing-services.html While the IRS achieved a successful 2010 tax filing season, the Board notes that the agency […]
WASHINGTON –– The Internal Revenue Service is accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs, which will allow some organizations to apply for annual funding for up to three years. Applications will be accepted May 23, 2011, through June 30, 2011. Previous grant recipients will […]
WASHINGTON ― During Small Business Week, May 16-20, the Internal Revenue Service encourages those who are self-employed or own a small business to take advantage of certain tax benefits and learn about IRS resources that can help them meet their federal tax obligations. “When you’re running a business, you don’t need to be a tax […]
Courtesy of NAEA IRS Commissioner Shulman sent two identical letters to Senate Finance Committee Chairman Max Baucus (D-MT) and Congressman Pete Stark (D-CA) in response to the April 18 Senate and House letters sent to the commissioner expressing concern on the two-year limit on the innocent spouse rules. In the April 18 letters to IRS, […]
Courtesy of IRS The Examination Process for Employment Tax Returns The June 22 IRS Live broadcast will cover the employment tax examination process, taxpayer rights, settlement agreements and payment options. ewers will learn from IRS and industry experts what to expect from an employment tax examination including information about: Examination process Statute of limitations Examination […]
Courtesy of IRS WASHINGTON — The Treasury Department and Internal Revenue Service today requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014.
Courtesy of IRS Now that the federal income tax filing deadline is in your rear-view mirror, what happens after you file? A lot of taxpayers have post tax-filing questions such as what records do I keep and more importantly, “Where’s my Refund?” The IRS has answers for you below.
Video: How to Request a Copy Your Tax Return: English IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return WASHINGTON — Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue […]
The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams fraudulently use the Internal Revenue Service name or logo as a lure to make the communication more authentic and enticing. The goal of these […]