Notice 2017-27 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under § 417(e)(3)(A)(ii)(II) as in effect… Read More »
IRS Offers Last-Minute Filing Tips; Use Direct Deposit for Quicker Refunds WASHINGTON — With the April 18 deadline fast approaching, the Internal Revenue Service today offered taxpayers still working on their 2016 taxes a number of tips. These tips are designed to help taxpayers avoid common errors that could delay their refunds or cause other… Read More »
Last-Minute IRS Tax Tips to Consider The IRS urges taxpayers to avoid waiting until April 18 to file their taxes. For those who do wait, the IRS has easy-to-access online resources to help. These eight tips from the IRS can help make filing less taxing: Review tax returns carefully. Taxpayers who rush to beat the… Read More »
Tax Tips to Help You Determine What Makes a Gift Taxable Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax. Here are seven tax tips about the gift tax and giving: 1. Nontaxable Gifts. The general… Read More »
IRS Reminds Those with Foreign Assets of U.S. Tax Obligations; New Filing Deadline Now Applies to Foreign Account Reports WASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship, to check if they have a U.S. tax liability and a filing requirement. At the same time, the… Read More »
Tax Deadline Approaches; Nearly 40 Million to File Returns, Extensions by April 18 IRS YouTube Videos: Need More Time to File Your Tax Return? English | Spanish | ASL WASHINGTON – As the April 18 tax filing deadline approaches, the Internal Revenue Service reminded nearly 40 million taxpayers who have yet to file their tax… Read More »
IRS Urges Taxpayers Not to Rush; Choose Return Preparers Wisely WASHINGTON – As the tax filing season deadline approaches, the Internal Revenue Service is reminding taxpayers to select who will prepare their 2016 federal tax return carefully. With the filing deadline less than two weeks away, appointments with some tax professionals may be limited. A… Read More »
IRS Alerts Taxpayers with Limited English Proficiency of Ongoing Phone Scams; Urges Caution Before Paying Unexpected Tax Bills IRS YouTube Videos: Tax Scams: English | Spanish | ASL WASHINGTON — The Internal Revenue Service today warned taxpayers with limited English proficiency of phone scams and email phishing schemes that continue to occur across the country.… Read More »
Need an Extension of Time to File Taxes? This year’s tax-filing deadline is April 18. Taxpayers needing more time to file their taxes can get an automatic six-month extension from the IRS. Below are five things to know about filing an extension: Use IRS Free File to file an extension. IRS Free File allows taxpayers… Read More »
1. IRS Publishes New FAQs The IRS published new FAQs to the FATCA-FAQs General page. The FAQs can be found in the General Compliance area.