Taxpayers with Expired ITINs Should Renew Them Now to File Their 2017 Taxes Taxpayers with an expired Individual Taxpayer Identification Number should renew it as soon as possible if they need to file a 2017 tax return. They can renew it by submitting a Form W-7. Tax returns with expired ITINs will face delays. Affected taxpayers may… Read More »
IRS clarifies some common myths tax season IRS YouTube video: Do you claim the EITC and ACTC? Your refund may be delayed: Spanish IR-2018-20SP, February 7, 2018 WASHINGTON – With the tax season in full swing, the Internal Revenue Service today offered taxpayers some basic tips on taxes and reimbursements to clear up some common misconceptions. Myth 1:… Read More »
Identity theft key indicators continue IRS dramatic decline in 2017; Security Summit highlights progress against identity theft IR-2018-21SP, February 8, 2018 WASHINGTON – The Internal Revenue Service, IRS, announced today that in 2017 there were marked reductions in identity theft related to tax, attributing the success to the efforts of the Security Summit that help protect taxpayers in the… Read More »
Steps to help people protect their data from thieves Taxpayers can follow a few simple to protect your personal and financial data online and at home steps. Criminals continue to steal large amounts of personal data of taxpayers and tax preparers. Thieves use this information to file fraudulent tax returns or commit other crimes to impersonate victims. All taxpayers… Read More »
Taxpayers Can Spread the Word About Tax Credit that Benefits Friends and Family The earned income tax credit provides a boost to workers, their families and the communities where they live. A tax credit usually means more money in the taxpayer’s pocket. Many qualified taxpayers don’t claim this credit simply because they don’t know about it. In… Read More »
Important Facts IRS Free File Millions of Americans use IRS Free File to file your federal taxes. It is safe and free. Taxpayers can use the branded software or Free File Fillable Forms. IRS Free File Combine withdirect deposit () it is the fastest and safest way to get a refund. Here are five things to remember about… Read More »
Many People in Rural Areas Can Benefit from EITC The IRS wants taxpayers living in rural communities to be aware of the earned income tax credit and correctly claim it if they qualify. Many qualified individualsand families who live in rural areas don’t claim the EITC. There are many reasons for this. They may: Think they are ineligible.… Read More »
Spring 2017 Statistics of Income Bulletin Now Available WASHINGTON — The Internal Revenue Service today announced that the Spring 2017 Statistics of Income Bulletin is now available on IRS.gov. The Statistics of Income (SOI) Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S.… Read More »
How to Pay Zero Taxes, 2017: Your Guide to Every Tax Break the IRS Allows by Jeff A. Schnepper Tax time can be a serious drain on your resources―emotionally and financially. For over three decades How to Pay Zero Taxes has helped people just like you save money on their taxes. Engagingly written to make even… Read More »
J.K. Lasser’s Your Income Tax Professional Edition 2017 by J.K. Lasser Institute Hardcover: 1032 pages Publisher: Wiley; 1 edition (December 19, 2016) J.K. Lasser’s Your Income Tax: Professional Edition 2017 offers individual taxpayers and tax professionals the latest, most up to date tax information. Completely annotated, this authoritative text guides you toward the case law, IRS code… Read More »