With the filing deadline close, here’s why taxpayers should e-File
A few taxpayers still use the old-school method of filing their tax returns: on paper. For these people, now is the time to consider filing electronically. With the April tax deadline right around the corner, it’s the perfect time to use IRS e-File. Here are the top six reasons why taxpayers should file electronically in […]
Tax Time Guide wrap-up: Tips on payment options, penalty waivers, refunds and more
The Internal Revenue Service today urged taxpayers to file an accurate tax return on time, even if they owe but can’t pay in full. The IRS also recommends that taxpayers do a Paycheck Checkup early in 2019 to avoid having too much or too little tax withheld. Most taxpayers are being affected by major tax […]
Spread the word about a tax credit that helps millions of Americans
All individual taxpayers and families should claim tax credits for which they are eligible. Tax credits can not only reduce the amount of taxes owed, but some can result in a tax refund. The earned income tax credit is such a credit. It benefits millions of taxpayers by putting more money in their pockets. The […]
IRS has resources to help military personnel and veterans understand taxes
The IRS provides Tax Information for Members of the Military to help them meet their unique tax obligations. Here are some topics that affect current and former military personnel, along with resources where they can go to find more information. Military status A taxpayer’s military status affects their eligibility for certain benefits. Check out these […]
IRS urges taxpayers to check their tax withholding early in 2019; Paycheck Checkup can avoid problems next year
The Internal Revenue Service today renewed its effort to encourage taxpayers to review their tax withholding using the IRS Withholding Calculator and make any needed adjustments early in 2019. Doing a Paycheck Checkup can help taxpayers avoid having too little or too much tax withheld from their paychecks. The IRS reminds taxpayers that they can […]
Be on the lookout for promises of inflated tax refunds
The Internal Revenue Service warned taxpayers today to be alert to unscrupulous tax return preparers boasting of inflated tax refunds, a common scam tactic during filing season. Return preparers promising larger refunds than competitors or providing refunds substantially larger than taxpayers have routinely seen could be a warning sign. The IRS has included this scheme […]
Taxpayers can zip over to IRS.gov for answers to many tax questions
As taxpayers are filing their 2018 tax returns, they might have questions about their taxes. The IRS reminds taxpayers that they can quickly find most answers to these tax questions on IRS.gov. Here are some of the pages and resources on IRS.gov where people can go to find more information about tax topics. IRS Services […]
IRS: Be vigilant against phone scams
WASHINGTON — As the April filing deadline approaches, the Internal Revenue Service today warned taxpayers to be alert to tax time phone scams where aggressive criminals pose as IRS agents in hopes of stealing money or personal information. Phone scams or “vishing” (voice phishing) continue to pose a major threat. The scam has cost thousands […]
Here’s how a name change affects a tax return
When someone legally changes their name, there are tax consequences they need to know about., especially at tax time. People change their names for several reasons: Taking their spouse’s last name after a marriage Hyphenating their last name with their spouse’s after getting married Going back to their former name after a divorce Giving an […]
Here are five facts about the new Form 1040
There are several changes to the 2018 Form 1040. However, taxpayers who file electronically may not notice the changes as the tax return preparation software guides people through the filing process. The IRS worked closely with its partners in the tax return preparation and tax software industries to prepare for tax reform and tax form […]