Tag Archives | IRS

Download IRS Documents

Download Online IRS Documents Have you ever needed a transcript of your return for a loan or scholarship application or various other reasons? Taxpayers can now download their tax returns and other documents from the IRS. Allowing taxpayers to download this information will eliminate the need for preparation and filing of a power of attorney […]

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2014 Federal Income Tax Tables & Rates

The individual income tax rates below are for tax year 2014, which ends Dec. 31, 2014, and include the Internal Revenue Service’s annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2013-35 provides details about these annual adjustments. The tax items for tax year […]

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2014 Optional Standard Mileage Rates

The Internal Revenue Service has issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per […]

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October 15th Deadline Still in Effect!

The Internal Revenue Service reminded taxpayers that the October 15 deadline remains in effect for people who requested a six-month extension to file their tax return. While the current government shutdown has shuttered many offices and turned off many services, it “does not affect the federal tax law, and all taxpayers should continue to meet […]

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Tax Relief

Modified e-File System Reduce Taxpayer Burden

IRS e-File System Improvements Should Reduce Taxpayer Burden. The enhancements that the Internal Revenue Service is making to its Modenized e-File computer system promise to improve the system’s reliability and reduce delays in processing tax returns next filing season, according to a new report. The report, from the Treasury Inspector General for Tax Administration, noted that […]

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Tax Penalty Forms

IRS Grants Taxpayers Late-Payment Penalty Relief Due to Delayed Forms

Late-Payment Penalty Relief The Internal Revenue Service is giving relief from late-payment tax penalties to individuals and businesses that request a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January. The relief applies to the late-payment penalty, normally 0.5 percent per month, charged on […]

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Name Change

Marriage, Divorce and Taxes: Those with a name change in 2012 face extra challenges with IRS

Whether for marriage or another reason, it may be an issue mostly faced by women, but some men do it too: Changing their last name. According to the U.S. Census Bureau, more than 2 million couples are married each year, and the subject of a name change is usually considered by at least one of them, […]

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IRS Conducts Nationwide Sweep to Crack Down on Identity Theft and Tax Refund Fraud

The Internal Revenue Service has stepped up its efforts this tax season to combat identity thieves who steal taxpayers’ tax refunds, participating in a nationwide sweep that nabbed 389 identity theft suspects last month alone. The massive national sweep led to 734 enforcement actions in January, including indictments, information, complaints and arrests across 32 states […]

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Wheres My Refund

“Where’s My Refund?” – IRS Offers Advice for Coping with Delayed Tax Season

For the first time this tax season, the “Where’s My Refund?” tool will provide personalized refund timelines for taxpayers. The IRS noted that it would begin processing most individual income tax returns on Jan. 30 after updating its forms and completing the programming and testing of its processing systems. The IRS contended that it had […]

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