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IRS: Modernized e-File Offline for Labor Day Weekend



The Internal Revenue Service today reminded tax professionals that the Modernized e-File system will be taken offline over Labor Day weekend: 8:00 p.m. on September 3 until 6:00 a.m. on September 6. [Read more…]

New Online IRS Resource Center Launched for Sharing Economy Taxpayers



The Internal Revenue Service unveiled a new web page on IRS.gov to help taxpayers engaged in the sharing economy locate resources that will help them meet their tax obligations. [Read more…]

IRS Updating User Fee Schedule



The Internal Revenue Service wants to revise its user fees for taxpayers who use the installment agreement to pay a tax due amount. The proposal reflects the federal law that agencies are required to charge a user fee to recover the cost of providing certain services. [Read more…]

ACA Refresher for Employers: Affordable Coverage vs. Minimum Value Coverage



Generally, employer provisions of the Affordable Care Act say that an Applicable Large Employer (or ALE) has to offer affordable minimum essential coverage that provides minimum value to full-time employees and their dependents, or potentially face a penalty payment to the Internal Revenue Service. [Read more…]

Scammers Get Ready for Back-to-School



While parents and students are preparing for the return of classes, telephone scammers are sharpening their pencils and getting their tactics lined up as well. [Read more…]

Louisiana Storm Victims Get Relief from IRS



Taxpayers in four Louisiana parishes have been granted relief by the Internal Revenue Service, in light of the recent storms and flooding that have plagued their area. The Federal Emergency Management Agency (FEMA) declared East Baton Rouge, Livingston, St. Helena, and Tangipahoa parishes a federal disaster area, clearing the way for the IRS to grant its additional measures. [Read more…]

TIGTA Finds Problems with IRS Contracting Process



A new audit says some companies are getting contracts with the Internal Revenue Service, even though those companies owe back federal taxes. The audit found qualified bidders on IRS contracts weren’t being screened for back taxes as called for by the agency’s appropriation legislation. [Read more…]

New Phishing Scam Unleashed; Tax Pros Targeted



Income tax professionals are being alerted by the Internal Revenue Service that a new email phishing scam has been unleashed, and it targets preparers. [Read more…]

Changes to Tuition Expense Rules Proposed by IRS



The Internal Revenue Service has proposed a change in the rules for claiming qualified education tuition and expenses. The changes were mandated by the Protecting Americans from Tax Hikes Act (also known as the PATH Act) as well as the trade Preferences Extension Act of 2015 (TPEA). [Read more…]

Changes in ITIN Rules on the Way



Taxpayers with Individual Taxpayer Identification Numbers (ITINs) will have a different set of rules for the 2017 income tax filing season. The changes are the result of the Protecting Americans from Tax Hikes Act, better known as the PATH Act, which was passed in 2015. [Read more…]