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Everything you need to know about second stimulus payment. IRS released the info and some people may get direct deposit payments before the new year.

Last updated on Wednesday, December 30, 2020

Everything you need to know about second stimulus payment. IRS released the info and some people may get direct deposit payments before the new year. #stimuluspayments #secondcheck #EIP #600payment Treasury and IRS begin delivering second round of Economic Impact Payments to millions of Americans WASHINGTON – Today, the Internal Revenue Service and the Treasury Department […]

Taxpayers should check out these tips before choosing a tax preparer

Last updated on Tuesday, December 8, 2020

#taxprep #taxtips #IRS #taxhelp Taxpayers should check out these tips before choosing a tax preparer As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who […]

How the IRS prioritizes compliance work on high income non-filers through national and international efforts

Last updated on Tuesday, December 8, 2020

#taxcompliance #IRS How the IRS prioritizes compliance work on high income non-filers through national and international efforts Like many at the IRS, I’ve dedicated my career here at the agency for more than 30 years to support fairness and integrity in our nation’s voluntary tax system. I’ve done this through many different roles at the […]

Taxpayers should know and understand their correct filing status

Last updated on Wednesday, October 7, 2020

Taxpayers should know and understand their correct filing status Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer’s filing status depends on whether they are single or married on Dec. 31 and that determines their status for the whole year. However, more than one filing status may […]

Using the Tax Withholding Estimator will help taxpayers avoid surprises next year

Last updated on Thursday, August 13, 2020

Using the Tax Withholding Estimator will help taxpayers avoid surprises next year Using the IRS Tax Withholding Estimator can help taxpayers have the right amount of tax withheld and avoid surprises when filing next year. Income taxes are pay-as-you-go. By law, taxpayers are required to pay most of their tax as income is received. There are two ways […]

Relief for taxpayers affected by COVID-19 who take distributions or loans from retirement plans

Last updated on Monday, June 22, 2020

Relief for taxpayers affected by COVID-19 who take distributions or loans from retirement plans WASHINGTON – The Internal Revenue Service today released Notice 2020-50 (PDF) to help retirement plan participants affected by the COVID-19 coronavirus take advantage of the CARES Act provisions providing enhanced access to plan distributions and plan loans. This includes expanding the categories of […]

IRS warns against COVID-19 fraud; other financial schemes

Last updated on Monday, June 8, 2020

#IRS #Taxhelp #Taxtips #Scams IRS warns against COVID-19 fraud; other financial schemes WASHINGTON – The Internal Revenue Service today reminded taxpayers to guard against tax fraud and other related financial scams related to COVID-19. In the last few months, the IRS Criminal Investigation division (CI) has seen a variety of Economic Impact Payment (EIP) scams […]

159 million Economic Impact Payments processed; Low-income people and others who aren’t required to file tax returns can quickly register for payment with IRS Non-Filers tool

Last updated on Thursday, June 4, 2020

#IRStaxtips #economicimpactpayment #stimuluspayments 159 million Economic Impact Payments processed; Low-income people and others who aren’t required to file tax returns can quickly register for payment with IRS Non-Filers tool WASHINGTON – With 159 million Economic Impact Payments processed, the Internal Revenue Service reminds many low-income Americans who don’t usually file tax returns to register for […]

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