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“Get Transcript” Compromised



Today the IRS confirmed that Get Transcript – an application allowing taxpayers to review “line-by-line tax return information or wage and income reported to [the IRS]” – was illegally accessed between February and May of this year.

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IRS Refunding $10 Million



Since the DC Court of Appeals upheld the district court ruling in Loving v. IRS – which determined that the IRS does not have the authority to require certification exams of tax preparers – the IRS will issue refunds to those who took the Registered Tax Return Preparer (RTRP) test. The IRS will mail a letter on May 28 followed by checks on June 2; they estimate $10,324,000 will be refunded.

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2016 Tax Day Moves



According to Revenue Ruling 2015-13, April 18 will be the filing deadline for most of the country in 2016. Since Emancipation Day – a legal holiday in D.C. – falls on a Saturday, it will be observed on the preceding Friday, which just so happens to be April 15. Tax Day is further delayed in Massachusetts and Maine, since they observe Patriot’s Day on April 18: meaning that most residents of those states have until April 19 to file income tax returns next year.

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TIGTA Takes IRS to School: Education Credits Wrongly Issued



The Treasury Inspector General for Tax Administration identified $5.6 billion in credits from 2012 that were wrongly issued to taxpayers who failed to file Form 1098-T, attended schools that weren’t eligible for the credit, and didn’t meet the criteria to be considered “half-time” students.

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IRS Deadline: Forms 990 Due May 15



Yesterday, the IRS issued a reminder to some tax-exempt organizations: May 15 is the deadline to submit Forms 990, 990-EZ, or 990-PF. If those affected miss this deadline, it could result in the loss of tax-exempt status.*

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IRS Reports On 2014 Criminal Investigations



The Internal Revenue Service has released the 2014 Annual Business Report of its Criminal Investigation Division, which chronicles the priorities, staffing, and organization of the division as well as a review of the criminal investigations that were opened and the prosecutions that resulted. 

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IRS Commissioner: Customer Service Issues Stem from Budget Cuts



On Wednesday, April 22, IRS Commissioner John Koskinen submitted written testimony to the House Ways and Means Committee assessing the IRS’s performance during filing season. He opened his report by citing $230 billion in refunds issued from roughly 70% of the – currently – 120 million processed returns. This success, he admits, is marred by customer service troubles.

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Strike That: IRS Guidance for Amending a Return



Yesterday, the IRS released advice for amending a federal tax return. Among the ten tips, the article highlights the circumstances necessitating an amended return, the number of forms needed, how long to wait before filing, when owed taxes should be paid, and more.

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Easier 11th Hour Filing



Yesterday the IRS provided advice for submitting returns just before – or on – April 15, listing seven steps to follow:

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Reports Find IRS Unpopular but Necessary



The Internal Revenue Service currently suffers from both the animosity many citizens bear toward the government’s collection agency and a series of political, legal, constitutional, and public relations gaffes that will be difficult to correct in the short term.  These perception and legal issues could cause serious problems for professional tax return preparers.

A national telephone survey of 1,000 likely voters earlier this year found that half of those polled to not trust the IRS to enforce the tax laws fairly.  Only 31 percent indicated that they trust the agency.  The survey, conducted for Rasmussen by Pulse Opinion Research, LLC, was conducted on March 22–23, 2015, and has a margin of error +/- 3 percentage points and a 95 percent level of confidence.

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