IRS
Latest News
Professionals on the Move – Nov. 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
3 Reasons to Involve Your Children in Small Business Saturday
Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024
IRS Clarifies IRA Rollover Limit
The Internal Revenue Service has issued new guidance to clarify the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs.
IRS Isn’t Managing IT Security Risks Adequately, Report Says
The Internal Revenue Service does not adequately document its risk-based decisions involving Information Technology security, according to a report released publicly today by the Treasury Inspector General for Tax Administration.
IRS Poorly Managing Mobile Devices, Says Report
The agency's system of records designed to document wireless device inventory was not consistently updated as changes occurred, which resulted in almost 57 percent of inventory records being inaccurate.
Income Tax Credit Helps Low Income Workers Save for Retirement
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2014 and years ahead, according to the Internal Revenue Service.
Report: IRS Failing to Provide ID Protection PIN Numbers to Some ID Theft Victims
The IRS is failing to provide personal identity numbers to all taxpayers who are the victims of tax-related identity theft, according to a report publicly released today by the Treasury Inspector General for Tax Administration ...
IRS Offers Spanish Language Info and Videos on Affordable Care Act
The Internal Revenue Service has released several options for Spanish speakers to get information about the tax provisions of the Affordable Care Act. Two recently issued YouTube videos feature IRS Commissioner John Koskinen: Disposición de La ...
Federal Judge Dismisses IRS Lawsuit, Moves Tea Party Scandal to Back Burner
The ongoing “Tea Party” scandal has appeared to loose some steam after a federal judge in the nation’s capital tossed out a lawsuit aimed by conservative nonprofit groups against the IRS (True the Vote, Inc. v. IRS, DC- Dist. Of Columbia, Civil Action No.
IRS Increases 401k Limitations for 2015
The Internal Revenue Service has released the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015.