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IRS’s “Get Transcript Online” Program to Enter Beta Testing Soon

IRS Selects Random Get Transcript Page Visitors

In line with the IRS’s Future State goal of broadening online customer service options, the IRS recently announced that new authentication and access measures for Get Transcript will soon enter beta testing. [Read more…]

Taxpayer Advocate Holds Forum in Washington, DC

Industry Experts at IRS Auditorium, Discuss “Future State” Plan

The National Taxpayer Advocate Nina Olson yesterday held a public forum at the IRS Headquarters in D.C. to discuss the Future State plan. [Read more…]

IRS Issues Reminder to Prevent Tax-Related ID Theft

Some Tax-Exempt Forms are Open for Public Viewing; Don’t Include Unnecessary Info

May 16 is the filing deadline for some tax-exempt organizations, and, in the interest of combating identity theft, the IRS warned these organizations that Form 990-series returns do not require Social Security numbers or other personal data. [Read more…]

PATH Act Provision Delays Some Refunds

Last December, the PATH Act made permanent several tax extensions and incentives, including the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC). It also included a provision that will delay refunds related to those two now-permanent tax credits. [Read more…]

IRS Guidance Announces Date for Voluntary Certification Program

Applications Accepted Starting July 1, 2016

The IRS yesterday provided preliminary information pertaining to the professional employer organizations (PEOs) voluntary certification program that was created by late-2014 legislation. [Read more…]

The IRS Issues “Last-Minute Tips” for 11th Hour Filers

We’re mere days away from the filing deadline, so it makes sense that the IRS would release a set tips to help avoid any last-minute bumps in the road. Yesterday they provided a list of seven things that taxpayers can do to have a smooth tax season. [Read more…]

IRS Announces Tax Design Challenge

Crowd-Sourcing Effort Aims to Improve Service for Taxpayers

The IRS recently announced that they are teaming with the Mortgage Bankers Association (MBA) to start the Tax Design Challenge, a new three-week crowdsourcing competition that is open to taxpayers across the country. The IRS hopes this program will help find ways to improve the online experience for taxpayers. [Read more…]

Fighting Identity Theft During Tax Season

Tax-based identity theft is bad, and it’s getting worse.

[Read more…]

IRS Releases Q2 Interest Rates

Rates Going Up This April, May, and June

Last week, the IRS released the corrected Q2 interest rates, indicating the first such increase since Q4 2010. An official revenue ruling, dated April 4, 2016, will be posted in the Internal Revenue Bulletin to outline these rates: [Read more…]

Deadline: Calendar-Year Corporation, C Corporation, and S Corporation

Last Year that C and S Corporation Deadlines will Fall on the Same Day

Tomorrow at midnight is the last moment to meet the filing and extension-request deadline for calendar-year corporation, C corporation, and S corporation tax returns. The AICPA and state CPA organizations are celebrating the fact that 2015 is the last taxable year wherein the C corporation deadline will fall on the same day as the S corporation deadline. [Read more…]