Blog
External Stakeholders Email – IRS Outreach Functions
Since the IRS joined in partnership with the states and tax industry in 2015, we’ve made great inroads in our effort to combat stolen identity refund fraud. Our numbers are going in the right direction. Because it is much harder now to file a fraudulent tax return that can get past our safeguards, cybercriminals know […]
IRS urging certain groups of taxpayers to check payroll withholding
The IRS continues to urge taxpayers who haven’t yet done a “Paycheck Checkup” to do one as soon as possible to see if they’re having their employer withhold the right amount of tax after major changes in the tax law. The IRS Withholding Calculator can help taxpayers learn if they need to make changes soon […]
IRS issues proposed regs on new 20% deduction for passthru businesses
Media Relations Office Washington, D.C. Media Contact: 202.317.4000 www.irs.gov/newsroom Public Contact: 800.829.1040 IR-2018-162, Aug. 8, 2018 WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction — referred to […]
Join the Department of Revenue to discuss tax year 2018 forms
Since the end of the 2018 Legislative Session, the Minnesota Department of Revenue has been working to update the state tax filing systems for taxpayer use in 2019, including updates to Minnesota tax forms. We have been gathering frequently asked questions and providing answers on our website’s FAQ page. Earlier this month, we posted near final 2018 Minnesota income, business, and fiduciary […]
IRS urges taxpayers to check withholding now to avoid tax surprises later; Spotlights special tools during week of Aug. 13 to help people overlooking major changes
Media Relations Office Washington, D.C. Media Contact: 202.317.4000 www.irs.gov/newsroom Public Contact: 800.829.1040 IRS urges taxpayers to check withholding now to avoid tax surprises later; Spotlights special tools during week of Aug. 13 to help people overlooking major changes With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done […]
Information from Alan Gregerson/IRS Stakeholder Liaison
Media Relations Office Washington, D.C. Media Contact: 202.317.4000 www.irs.gov/newsroom Public Contact: 800.829.1040 IRS and Treasury issue proposed regulations implementing Section 965 IR-2018-158, Aug. […]
IRS NEWS FOR TAX PROFESSIONALS – August 2018
IRS NEWS FOR TAX PROFESSIONALS August 2018 ►UPCOMING WEB CONFERENCES None scheduled for August at this time. Please check Webinars for Tax Practitioners later. ►TAX REFORM The Tax Reform page has been re-designed. Much easier to navigate! Main page for Tax Reform Individuals Businesses Tax Exempt & Government Entities Tax Reform: Updates on Like-Kind Exchanges […]
Report of Foreign Bank and Financial Accounts (FBAR) from Senior Stakeholder Liaison Alan Gregerson
The IRS wants you to have the information you need when you need it. The following IRS Resources – FBAR document contains information about the Report of Foreign Bank and Financial Accounts (FBAR). Information relating to this topic will provide guidance and updates for you and your clients: If you have a financial interest in […]
Information on Filing Information Returns Electronically (FIRE)
Ensure you have access to FIRE before you need it If you plan to submit files through the Filing Information Returns Electronically (FIRE) system, now is a good time to ensure you can access the system before the February 28 and March 31 filing deadlines. An exciting new feature has been added to the […]
3/09/2018 Information from Alan Gregerson/IRS Stakeholder Liaison
Below is information from Alan Gregerson, Internal Revenue Service Senior Stakeholder Liaison, that he thought might be useful for our MNSEA members. What are the most common tax scams duping unsuspecting taxpayers out of their money or personal information? Find out next week as the Internal Revenue Service releases its 2018 list of “Dirty Dozen” […]
