Tag Archives: IRS

Tax Tips for Newlyweds

Late spring and early summer are popular times for weddings. Whatever the season, a change in your marital status can affect your taxes. Here are several tips from the IRS for newlyweds. It’s important that the names and Social Security numbers … Continue reading

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Report Outlines Changes for IRS To Ensure Accountability, Chart a Path Forward; Immediate Actions, Next Steps Outlined

Internal Revenue Service Principal Deputy Commissioner Danny Werfel today issued a report outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the … Continue reading

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IRS Electronic Tax Administration Advisory Committee Delivers Report to Congress

The Electronic Tax Administration Advisory Committee (ETAAC) presented its 2013 Annual Report to Congress during a public meeting today. The report discusses five groups of recommendations on issues in electronic tax administration. Highlights of the report include recommendations on the … Continue reading

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IRS Offers Information, Support and Services for Small Businesses

Do you own or operate a small business? Or do you plan to start a business someday soon? If you answered yes to either question, the IRS has online information, support and services that may be helpful to you. Small … Continue reading

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Prepare for Hurricanes, Natural Disasters by Safeguarding Tax Records

With the start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set … Continue reading

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Spring 2013 Statistics of Income Bulletin Now Available

The Internal Revenue Service today announced the availability of the spring 2013 issue of the Statistics of Income Bulletin, which features information on high-income individual income tax returns filed for tax year 2010. Taxpayers filed almost 4.3 million returns with … Continue reading

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IRS Accepting Applications for Low Income Taxpayer Clinic Grants

  The Internal Revenue Service today announced the opening of the 2014 Low Income Taxpayer Clinic (LITC) grant application process. The LITC grant program is a federal program administered by the Office of the Taxpayer Advocate at the IRS, led … Continue reading

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Keep the Child Care Credit in Mind for Summer

If you are a working parent or look for work this summer, you may need to pay for the care of your child or children. These expenses may qualify for a tax credit that can reduce your federal income taxes. … Continue reading

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Interest Rates Remain the Same for the Third Quarter of 2013

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior quarter.  The rates will be: three (3) percent for overpayments [two (2) percent in the … Continue reading

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IRS Gives Tax Relief To Oklahoma Tornado Victims; Return Filing and Tax Payment Deadlines Extended to Sept. 30

After Monday’s devastating tornado in Moore and Oklahoma City,  the Internal Revenue Service today provided tax relief to individuals and businesses affected by this and other severe storms occurring in parts of Oklahoma. Following Monday’s disaster declaration for individual assistance … Continue reading

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