IRS
NYS and U.S. Tax Season Polls
The Sienna Research Institute and CNN/ORC International have both released tax-themed surveys as the another filing season draws to a close.
IRS Upgrades Late Payment Rules
As clients get closer to having to file their taxes—and possibly write a check—the IRS has announced that taxpayers in certain circumstances can take advantage of provisions to delay paying taxes and to enter into an installment agreement.
Paperless Payments and Half-Truths
In the way of Internet rumors, a real government program has "merged" with a tax bill that is likely stuck in committee forever to create a scary—and completely false—tax scenario.
Late 1099 Forms Cause Headaches
Responsible clients don't want to show up at their accountants' offices at the last minute for tax prep, and the accountants always appreciate it when clients come early, but this year, thanks to late 1099 forms, some returns may go down to the wire.
Married or Divorced—Let the SSA Know
In a recent Tax Tip notice, the IRS has reminded taxpayers to file the right forms if there's been a name change due to marriage or divorce. "A mismatch between the name shown on your tax return and the SSA records can cause problems in the processing of your return and may even delay your refund," says the notice.
U.S. Agrees to Revise Foreign Account Reporting Model
After negotiations with its European Union counterparts in Paris last week, U.S. tax authorities have agreed to propose changes to the way that foreign income is reported due to concerns voiced by banks and governments that the current model breaches privacy and is unnecessarily complex, according to the Financial Times.
IRS Blames New Anti-Theft Safeguards for Delayed Refunds
CPA Blog readers might remember that on Jan. 11, we reported that the IRS said technology improvements would allow it to issue refunds to some taxpayers in as few as 10 days, if they e-file and select direct deposit.
IRS Issues Identity Theft Warning
Thieves who steal taxpayers' personal tax-related information can use it to steal identities as well, according to a recent release from the IRS. To help prevent these crimes, the IRS offers the following suggestions.
IRS Offers Time Estimates for Tax Refunds
In a recent release, the IRS addressed the age-old question, "When am I going to get my refund?" and gave advice on how taxpayers can speed up the process.
IRS Takes Harder Look at the Wealthy
The international game show asks "Who wants to be a millionaire?" Maybe fewer than before, with the IRS taking a much closer look at those in the higher income ranges.