New tax credit for employer-paid family and medical leave available for 2018 and 2019 IR-2018-191SP, September 24, 2018 WASHINGTON – The Internal Revenue Service announced today that eligible employers who provide paid family and medical leave to their employees can qualify for a new commercial credit for tax years 2018 and 2019. In addition, eligible… Read More »
IRS Refunds Employer 2018 by employees in 2017 removals are generally tax-free WASHINGTON – The employer payments or reimbursements in 2018 for employee moving expenses incurred before 2018 are excluded from the employee’s wages for wage and tax purposes, today announced the Internal Revenue Service. Law Jobs and Tax Reduction (TCJA) 2017 suspended the income… Read More »
Taxpayers can connect to the IRS via IRS2Go application for mobile phones Those taxpayers who need tax help can simply take your cell phone and download the mobile application, IRS2Go which is free and available for use with any iOS or Android system. Taxpayers can use IRS2Go for: Check the status of your refund. Taxpayers can check the… Read More »
Data that help taxpayers understand personal savings plans for retirement (IRA) Personal savings plans for retirement – better known simply as IRAs (English) – are savings plans to provide financial security in retirement. A taxpayer can establish an IRA with: bank or other financial institution life insurance company Investment fund broker Here are some terms and definitions… Read More »
IRS warns of scams related to natural disasters IR-2018-188SP, September 18, 2018 WASHINGTON – Following Hurricane Florence, the Internal Revenue Service reminds taxpayers that criminals and fraudsters try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Fraudulent schemes typically start with unsolicited phone, social networks, email or… Read More »
Facts to help taxpayers understand Individual Retirement Arrangements Individual Retirement Arrangements – better known simply as IRAs – are accounts into which someone can deposit money to provide financial security when they retire. A taxpayer can set up an IRA with a: bank or other financial institution life insurance company mutual fund stockbroker Here are some terms… Read More »
IRS wants taxpayers know that they have rights when interacting with the agency Taxpayers interact with the IRS for many reasons. In all these meetings with the IRS, even if taxpayers simply asked a representative about taxes or respond to a letter from the IRS, taxpayers have fundamental rights. These are described in the Taxpayer… Read More »
With hurricane season underway, it’s a good idea for taxpayers to think about what they can do to be prepared should a hurricane or other natural disaster strike where they live. Here are a few helpful tips for taxpayers to keep in mind. The IRS can help In the case of a federally declared disaster,… Read More »
Tips for Getting Unclaimed 2014 Tax Refunds The IRS reminds taxpayers they may have money waiting for them. About 1 million taxpayers who did not file a 2014 federal income tax return have unclaimed tax refunds totaling about $1.1 billion. Here are some things taxpayers should know about these unclaimed refunds: To collect the money,… Read More »
IRS Dirty Dozen: Watch Out for these 12 Scams The IRS reminds taxpayers to watch out for scams and schemes that put them and their personal information at risk. Each year, the IRS releases the top 12 scams, known as the Dirty Dozen. The schemes run the gamut from simple refund inflation to technical tax… Read More »