Tax preparers should look out for these signs that a criminal stole information Tax professionals should be alert to the subtle signs of data theft. The IRS and its Security Summit partners note that there are many cases where preparers are victims of theft and don’t even know it. Cybercriminals often leave very few signs of… Read More »
Tips for tax preparers on how to create a data security plan The IRS reminds tax preparers that protecting taxpayer information isn’t just good for their clients and good for business – it’s also the law. The Federal Trade Commission’s Safeguards Rule requires that tax preparers create and enact security plans. Although the IRS and its… Read More »
Organizations across the country seeking volunteers to help taxpayers The IRS and its community partners are seeking people across the country to become volunteers certified by the IRS on their sites for free tax preparation. Volunteers can begin now to join one of these programs that offer valuable taxpayers US aid. Voluntary Assistance Program Taxpayers (VITA acronym in English): VITA… Read More »
Victims of natural disasters can visit IRS.gov for useful resources Following a natural disaster, many people have questions about how the situation might affect your taxes. People who experience a disaster, or anyone who knows someone who has suffered from a disaster, visit IRS.gov for information to answer your questions. Here we present a summary… Read More »
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 »