Revenue Ruling 2017-14 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382,… Read More »
Interim Guidance Issued on the Direct Pay of Tribal Lease Funds (Including HEARTH Act Leases) On June 8, 2017, the IRS office of Indian Tribal Governments issued Interim Guidance on the Direct Pay of Tribal Lease Funds (including HEARTH Act leases). It directs IRS employees to apply the standards outlined in Notice 2015-67 when determining… Read More »
IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer IRS YouTube Videos: Tax Scams: English | Spanish | ASL Private Collection of Overdue Taxes: English | Spanish WASHINGTON – The Internal Revenue Service today warned people to beware of a new scam linked to… Read More »
IRS Continues to Expand Taxpayer Services; Adds New Features to Taxpayers Online Account WASHINGTON — The Internal Revenue Service announced today the addition of several new features to the online account tool first introduced late last year as part of the IRS’s commitment to improve and expand taxpayer services. The online account allows individual taxpayers… Read More »
IRS Video Tax Tip: Tax-Related Identity Theft Here is a video tax tip from the IRS: Tax-Related Identity Theft English | Spanish | ASL
Taxpayers Abroad Must File by June 15; Extensions Available; New Filing Deadline Now Applies to Foreign Account Reports IR-2017-105, June 12, 2017 WASHINGTON — The Internal Revenue Service today reminded taxpayers living and working abroad that they must file their 2016 federal income tax return by Thursday, June 15. The special June 15 deadline is… Read More »
IRS Video Tax Tip: Amending My Return Here is a video tax tip from the IRS: Amending My Return English | Spanish |ASL
1. FATCA FFI Registration System updated for FFIs to renew their agreement with the IRS The FATCA FFI Registration system has been updated to include the ability for FFIs to renew their agreement with the IRS. From the home page link of “Renew FFI Agreement,” the FI will determine whether it must renew its FFI… Read More »
IRS Approves First Group of Certified Professional Employer Organizations; More Expected in Coming Months WASHINGTON — The Internal Revenue Service today issued notices of certification to 84 organizations that applied for voluntary certification as a Certified Professional Employer Organization (CPEO). After the IRS receives the required surety bond from an approved CPEO applicant, the IRS… Read More »
IRS Face-To-Face Help Is Now By Appointment Taxpayers who need in-person help from an IRS Taxpayer Assistance Center (TAC) need to call to schedule an appointment. All TACs provide service by appointment. They are an essential service the IRS provides when a tax issue cannot be resolved online or by phone. Consider the self-service options… Read More »