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IRS Kicks Off 2014 Season: Individual Returns Can Be Filed Now

February 4, 2014
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Jan. 31, 2014 WASHINGTON — The Internal Revenue Service today opened the 2014 filing season by highlighting a growing array of online services and encouraging taxpayers to check out a variety of tax benefits, such as the often-overlooked Earned Income Tax Credit. Taxpayers have until Tuesday, April 15, 2014, to file their 2013 tax returns…

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In 2014, Various Tax Benefits Increase Due to Inflation Adjustments

December 5, 2013
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IR-2013-87, Oct. 31, 2013 WASHINGTON — For tax year 2014, the Internal Revenue Service announced today annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2013-35 provides details about these annual adjustments. The tax items for tax year 2014 of greatest interest to most…

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Tips for Employers Who Outsource Payroll Duties

October 31, 2013
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FS-2013-9, July 2013 Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Reputable third-party payers can help employers streamline their business operations by collecting and timely depositing payroll taxes on the employer’s behalf and filing required payroll tax returns with state and federal authorities.…

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2014 Tax Season Delay

October 28, 2013
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2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume IR-2013-82, Oct. 22, 2013 WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems…

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Back-to-School Tax Tips for Students and Parents

October 24, 2013
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IRS Summertime Tax Tip 2013-19, August 14, 2013 Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. American Opportunity Tax Credit.  This credit can be up to $2,500 per eligible…

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2013 Statistics of Income Bulletin

October 10, 2013
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IR-2013-73, Sept. 3, 2013 WASHINGTON — The Internal Revenue Service today announced that the summer 2013 issue of the Statistics of Income Bulletin is available at IRS.gov. The summer 2013 issue features data from Form W-2, Wage and Tax Statement, filed with individual income tax returns for tax years 2008 through 2010. The Statistics of…

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Ten Tax Tips for Individuals Selling Their Home

October 3, 2013
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IRS Summertime Tax Tip 2013-24, August 26, 2013 If you’re selling your main home this summer or sometime this year, the IRS has some helpful tips for you. Even if you make a profit from the sale of your home, you may not have to report it as income. Here are 10 tips from the…

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If You Receive an IRS Notice, Here’s What to Do

September 26, 2013
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IRS Summertime Tax Tip 2013-22, August 21, 2013 Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what to do if you receive a letter or notice from the IRS: Don’t panic. Follow the instructions in…

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Management Veterans to Assist New IRS Acting Commissioner Werfel

July 1, 2013

WASHINGTON ― The Internal Revenue Service announced on June 3, 2013 selection of several senior leaders to assist new Acting Commissioner Danny Werfel. Heather Maloy will handle the responsibilities of Deputy Commissioner for Services and Enforcement, W. Todd Grams will be Chief of Staff and David Fisher will serve as Senior Advisor to the Acting…

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Summer Job Tax Information for Students

June 26, 2013
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IRS Special Edition Tax Tip 2013-10 When summer vacation begins, classroom learning ends for most students. Even so, summer doesn’t have to mean a complete break from learning. Students starting summer jobs have the opportunity to learn some important life lessons. Summer jobs offer students the opportunity to learn about the working world – and…

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