Tips for Taxpayers Who Owe Taxes IRS Special Edition Tax Tip 2017-09 The IRS offers a variety of payment options where taxpayers can pay immediately or arrange to pay in installments. Those who receive a bill from the IRS should not ignore it. A delay may cost more in the end. As more time passes,… Read More »
Inside This Issue Nationwide Tax Forums: Bring Your Toughest Case Many Tax-Exempt Organizations Must File by May 15 YouTube: Preparing for Natural Disasters Technical Guidance 1. Nationwide Tax Forums: Bring Your Toughest Case The Nationwide Tax Forums offer tax professionals with unresolved client cases the opportunity to meet face to face with IRS representatives in… Read More »
Notice 2017-31 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 Tips for Disaster Preparedness Hurricane Preparedness Week is May 7-13. The IRS wants to remind taxpayers to prepare for hurricanes and other natural disasters now. By taking a few steps before disaster strikes, taxpayers can reduce their stress when it comes time to file claims or rebuild after the catastrophic event. Here are… Read More »
For Hurricane Preparedness Week: IRS Offers Tips to Taxpayers Preparing for Hurricanes, Floods and Other Natural Disasters IRS YouTube Videos Preparing for Disasters: English | Spanish | ASL WASHINGTON —With Hurricane Preparedness Week, May 7 to 13, now in progress and the start of the Atlantic hurricane season looming on June 1, the Internal Revenue… Read More »
Revenue Procedure 2017-38 modifies Rev. Proc. 2017-3, 2017-1 I.R.B. 130, which sets forth areas of the Internal Revenue Code (Code) on which the Internal Revenue Service (Service) will not issue letter rulings or determination letters (no-rule areas). It will appear in IRB 2017-22 dated May 30, 2017.
IRS Video Tax Tip : Preparing for Disasters Here is a video tax tip from the IRS: Preparing for Disasters English | Spanish |ASL
Many Tax-Exempt Organizations Must File by May 15; Do Not Include Social Security Numbers or Personal Data IRS YouTube Videos: Do Not Include SSNs on Form 990 English | Spanish | ASL WASHINGTON — The Internal Revenue Service today reminded tax-exempt organizations that many have a filing deadline for Form 990-series information returns in mid-May.… Read More »
1. FATCA Registration System Update including Renewal of FFI Agreement An updated FFI agreement for agreements effective on or after January 1, 2017, was released on December 30, 2016. All financial institutions (FIs) that had in effect an FFI agreement that expired on December 31, 2016, and that wish to retain their GIIN are required to… Read More »
IRS Accepting Applications for 2018 Low Income Taxpayer Clinic Grants WASHINGTON — The Internal Revenue Service today announced that the application period for Low Income Taxpayer Clinic (LITC) grants for calendar year 2018 will run from May 1 to June 20, 2017. The LITC program is a federal grant program administered by the Office of… Read More »