Tax Agency News

Issue Number:    IR-2012-8 WASHINGTON — IRS Free File, which has been making taxes a little less taxing for a decade, opens today, Jan. 17. More than 33 million returns have been filed through Free File since its debut. Everyone can use Free File, ...

Issue Number:    IR-2012-7  WASHINGTON — The Internal Revenue Service opened the 2012 electronic tax return filing season today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns. IRS e-file...

FS-2011-10, June 2011 Within 25 years, the mere trickle of 25,000 electronically filled individual tax returns has turned into a torrent of more than 100 million a year and led to a permanent change in the way Americans file their taxes. And it...

Part of Wider Effort to Protect Taxpayers, Prevent Refund Fraud WASHINGTON – Continuing a year-long enforcement push against refund fraud and identity theft, the Internal Revenue Service today announced the results of a massive national sweep i...

IR-2009-118, Dec. 16, 2009   WASHINGTON — The Internal Revenue Service today issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in ...

Issue Number:    IR-2012-21   WASHINGTON — The IRS today (2012-02-13) issued guidance that now allows partnerships to provide Schedule K-1, Partner’s Share of Current Year Income, Deductions, Credits, and Other Items electronically to recipients. Certain ...

IRS YouTube Video: IRS2Go 2.0 Podcast: IRS2Go 2.0   Issue Number:    IR-2012-16 WASHINGTON — The Internal Revenue Service announced today the availability of IRS2Go 2.0, an expanded version of its smartphone application designed to prov...

IR-2011-39, April 7, 2011 WASHINGTON –– Hiding income in offshore accounts, identity theft, return preparer fraud, and filing false or misleading tax forms top the annual list of “dirty dozen” tax scams in 2011, the Internal Revenue Service announc...

The College Access Tax Credit (CATC) is a new state tax credit for taxpayers who make authorized contributions of money to the CATC Fund. Senate Bill 798, which the governor recently signed, established the credit for both personal and corporate income...

IRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems IR-2011-113, Nov. 30, 2011 WASHINGTON — In an annual reminder to taxpayers, the Internal Revenue Service an...

Tax Rate Increase For taxable years beginning on or after January 1, 2012, the maximum personal income tax rate is 12.3 percent. Standard Deductions The standard deduction amount for single or separate taxpayers increased from $3,769 to $3,841...

IR-2011-116, Dec. 9, 2011 WASHINGTON — The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning o...

Issue Number: IR-2011-118 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special C...

Did you know that not all real estate taxes are deductible? To be able to determine what is deductible and non-deductible, you will need a copy of your property tax bills. Real estate tax is an allowable itemized deduction for both federal and state...