IRS Tax Tips RSS Feed

Last Updated: May 3, 2012 - 8:59:57 AM

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IRS Tax Tips
IRS Accepting Applications for Low Income Taxpayer Clinic Grants
The Internal Revenue Service today announced the opening of the 2013 Low Income Taxpayer Clinic (LITC) grant application process.
May 3, 2012 - 8:45:26 AM

IRS Tax Tips
Eight Facts to Know if You Receive an IRS Letter or Notice
The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office.
Apr 19, 2012 - 7:45:40 PM

IRS Tax Tips
IRS: Last-Minute Filers: Avoid Common Errors
The Internal Revenue Service today reminded taxpayers to review their tax returns for common errors that could delay the processing of their returns. Here are some ways to avoid common mistakes
Apr 17, 2012 - 3:42:13 AM

IRS Tax Tips
Tax Tips for Parents and Students; Don’t Overlook College Tax Benefits
Two tax credits and a tax deduction are available to taxpayers who paid tuition and other expenses for an eligible student during 2011. Because an eligible student can be the taxpayer, spouse or dependent, these benefits can, for example, help workers taking continuing education courses and people returning to school, as well as parents paying for their children’s college education.
Apr 11, 2012 - 7:57:09 PM

IRS Tax Tips
IRS: Need Extra Time to Complete Your Tax Return? File for an Extension
Even though the tax filing deadline is later than usual this year – April 17 – many taxpayers may still need more time to file their tax return. If you need extra time, you can get an automatic six-month extension of time to file from the IRS.
Apr 11, 2012 - 7:42:49 PM

IRS Tax Tips
IRS Creates Online Search Tool for Easier Check on Information About Exempt Organizations
The Internal Revenue Service has launched a new online search tool,  Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.
Mar 16, 2012 - 9:51:31 AM

IRS Tax Tips
IRS 2012 Summer Internship Application Deadline Extended to March 16.

IRS Exempt Organizations (EO) has extended the application deadline for its summer internship program for graduate students to Friday, March 16.

IRS Tax Tips
Don’t Fall for Phony Tax Refunds Schemes. IRS offers 7 tips

The Internal Revenue Service  is warning taxpayers of the following seven tips to help taxpayers avoid an the latest scheme enticing senior citizens and other taxpayers to file tax returns claiming fraudulent refunds. 

IRS Tax Tips
IRS Announces New Penalty Relief Program for Taxpayers
The Internal Revenue Service today announced a major expansion of its "Fresh Start" initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making Installment Agreements available to more people.
Mar 7, 2012 - 4:57:45 PM

IRS Tax Tips
Tax Scam Warning: Beware of Phony Refund Scheme Abusing Popular College Tax Credit
The IRS warned senior citizens and other taxpayers to beware of an emerging scheme tempting them to file tax returns claiming fraudulent refunds.
Mar 6, 2012 - 4:06:55 PM

IRS Tax Tips
New Smartphone App: IRS Unveils New Version of Smartphone App; IRS2Go 2.0 Offers Videos, Tax Help
The Internal Revenue Service announced today the availability of IRS2Go 2.0, an expanded version of its smartphone application designed to provide taxpayers easier access to practical tools and information.
Feb 9, 2012 - 6:31:39 PM

IRS Tax Tips
Free Tax Help:New IRS Online Tool Helps Low- and Moderate-Income Taxpayers Find Locations for Help

As part of a continuing effort to improve service to taxpayers, the Internal Revenue Service announced today the availability of a new online tool to help people easily find a location for volunteer tax preparation assistance.

IRS Tax Tips
IRS Tax Refunds: IRS Recommends Direct Deposit for your Tax Refunds
According to the IRS, Direct deposit is the fastest, safest way to receive your tax refund. When a taxpayer combines e-file and direct deposit, the IRS will likely issue your refund in as few as 10 days.
Feb 6, 2012 - 11:20:45 AM

IRS Tax Tips
IRS: Five Tips for Recently Married or Divorced Taxpayers with a Name Change

If you changed your name after a recent marriage or divorce, the IRS reminds you to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch between the name shown on your tax return and the SSA records can cause problems in the processing of your return and may even delay your refund.

IRS Tax Tips
IRS Reminds Parents of Ten Tax Benefits

Your kids can be helpful at tax time. That doesn't mean they'll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits. Here are 10 things the IRS wants parents to consider when filing their taxes this year.

IRS Tax Tips
Tangible Propert Tax:IRS and Treasury Department Publish Temporary Regulations on Treatment of Tangible Property
The Internal Revenue Service and Treasury Department today published in the Federal Register temporary regulations that provide guidance to taxpayers on the treatment of amounts paid to acquire, produce or improve tangible property and regarding the accounting for, and dispositions of, property subject to depreciation.
Dec 29, 2011 - 9:02:42 AM

IRS Tax Tips
IRS New Tax Tax Guide Helps People Save on Their 2011 Taxes
Taxpayers can get the most out of various recovery tax benefits and get a jump on preparing their 2011 federal income tax returns by consulting a newly revised comprehensive tax guide now available on IRS.gov.
Dec 29, 2011 - 8:56:16 AM

IRS Tax Tips
IRS Announces Pension Plan Limitations for 2012
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012.
Nov 7, 2011 - 12:39:25 PM

IRS Tax Tips
Health Care Tax Credit: What Employers Need to Know about Claiming the Tax Credit
Many small employers that pay at least half of the premiums for employee health insurance coverage under a qualifying arrangement may be eligible for the small business health care tax credit. This credit can enable small businesses and small tax-exempt organizations to offer health insurance coverage for the first time.
Oct 14, 2011 - 6:51:28 PM

IRS Tax Tips
New IRS Video: IRS Adoption Credit and More
Thinking about adopting? Before you do, find out what documentation is required by you in order to claim the adoption credit by the IRS.
Sep 8, 2011 - 9:32:05 AM

IRS Tax Tips
Tax Return Preparer Test: IRS Releases Specifications for Registered Tax Return Preparer Test
The test is part of an ongoing effort by the IRS to enhance oversight of the tax preparation industry. Preparers who pass this test, a background check and tax compliance check as well as complete 15 hours of continuing education annually will have a new designation: Registered Tax Return Preparer.


Sep 6, 2011 - 9:55:58 PM

IRS Tax Tips
Tax Time Stress: IRS offers Tax Tips to Reduce Tax-Time Stress
You may not be thinking about your tax return right now, but summer is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions, help you prepare a response if you receive an IRS notice, or substantiate items on your return if you are selected for an audit
Aug 29, 2011 - 9:39:54 AM

IRS Tax Tips
Recently Married? IRS Offers Seven Tax Tips for Taxpayers

With the summer wedding season in full swing, the Internal Revenue Service advises the soon-to-be married and the just married to review their changing tax status. If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are seven tips for newlyweds.

IRS Tax Tips
IRS: How to Get Your Prior-Year Tax Information from the IRS
Taxpayers sometimes need tax returns from previous years for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire.
Aug 17, 2011 - 1:26:42 PM

IRS Tax Tips
IRS Back-to-School Tips for Students and Parents Paying College Expenses
Whether you’re a recent graduate going to college for the first time or a returning student, it will soon be time to get to campus – and payment deadlines for tuition and other fees are not far behind.
Aug 17, 2011 - 1:53:28 AM