11/29/2023 - Discontinuance of Mailing Tax Forms
Link - https://gscrevenue.com/Assets/Files/Forms/DiscontinuanceofMailingTaxForms.pdf
8/31/2018 - Have you done your "Paycheck Checkup" yet? Please do, so you know what to expect due to federal Tax Reform changes.
Link - irs.gov/newsroom/time-for-a-paycheck-checkup
8/31/2018 - KY Department of Revenue Tax Answers for 2018 Kentucky Tax Reform changes.
Link: taxanswers.ky.gov/Pages/index.aspx
FOR EMPLOYERS - 8/31/2018 - KY Department of Revenue 2018 Employer Withholding Calculator
Link: revenue.ky.gov/News/Pages/2018-Employer-Withholding-Tax-Calculator.aspx
8/13/2018 - The new federalTax Reform Changes website shows you how the new federal tax law may change your future tax filings and helps you plan for these changes. Currently, the site addresses the most common 2017 IRS Form 1040, U.S. Individual Income Tax Return topics and whether the tax law changed.
Link - taxchanges.us/
IRS Advisory: Prepaid real property taxes may be deductible in 2017 if assessed and paid in 2017. irs.gov/newsroom/irs-advisory-prepaid-real-property-taxes-may-be-deductible-in-2017-if-assessed-and-paid-in-2017
Private Debt Collection
The IRS began a new private collection program of certain overdue federal tax debts selecting four contractors to implement it.
The IRS will always notify a taxpayer before transferring their account to a private collection agency (PCA). First, the IRS will send a letter to the taxpayer and their tax representative informing them that their account is being assigned to a PCA and giving the name and contact information for the PCA. This mailing will include a copy of Publication 4518, What You Can Expect When the IRS Assigns Your Account to a Private Collection Agency.
Only four private groups are participating in this program: CBE Group of Cedar Falls, Iowa; Conserve of Fairport, N.Y.; Performant of Livermore, Calif.; and Pioneer of Horseheads, N.Y. The taxpayer’s account will only be assigned to one of these agencies, never to all four. No other private group is authorized to represent the IRS.
Changes to the ITIN Program
Your ITIN may expire before you file a tax return in 2018. All ITINs not used on a federal tax return at least once in the last three years will expire on December 31, 2017. Additionally, all ITINs issued before 2013 with middle digits of 70, 71, 72 or 80 are expiring. If you need to file a tax return in 2018, IRS recommends you renew your ITIN. The IRS has developed outreach products and additional information on the ITIN program in English, Spanish, Chinese, Russian, Korean, Vietnamese and Haitian Creole. See IRS.gov/itin.
As a reminder, ITINs with middle digits 78 and 79 that expired in 2016 can also be renewed.
Interest Rates Remain the Same for the First Quarter of 2018
IR-2017-200, Dec. 5, 2017 ― The IRS today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2018.
Consumer Alert: IRS Warns Taxpayers, Tax Pros of New Email Scam Targeting Hotmail Users
IR-2017-203, Dec. 13, 2017 — The Internal Revenue Service today warned taxpayers and tax professionals of a new email scam targeting Hotmail users that is being used to steal personal and financial information.
IRS Provides Additional Relief for Partnerships and Certain other Entities
IR-2017- 205, Dec. 14, 2017 — The Internal Revenue Service today issued revised guidance extending relief for certain partnerships, real estate mortgage investment conduits (REMICs), and other entities that did not file the required returns by the new due date for tax years beginning in 2016.
Standard Mileage Rates for 2018 Up from Rates for 2017
IR-2017-204, Dec. 14, 2017 ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
IRS Extends Due Date for Employers and Providers to Issue Health Coverage Forms to Individuals in 2018
IR-2017-209, Dec. 22, 2017 ― The IRS announced today that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals.
IRS Issues Guidance on Transition Tax on Foreign Earnings
IR-2017-212, Dec. 29, 2017 - The Treasury Department and the Internal Revenue Service today issued Notice 2018-07, which provides guidance for computing the “transition tax” under recent tax legislation enacted on Dec. 22, 2017.
Identity Theft Remains on “Dirty Dozen” List of Tax Scams; IRS, States, Tax Industry Urge People to be Vigilant Against Criminals
IR-2017-22, Feb. 3, 2017 — The IRS today issued a filing season alert warning taxpayers and tax professionals to watch out for identity theft at tax time and highlighted the crime as a top scam in the agency’s “Dirty Dozen” series.
Use IRS Free File Software on Smart Phones or Tablets
IR-2017-21, Feb. 2, 2017 — The IRS today announced that taxpayers now may use their smart phones or tablets to electronically prepare and file their federal and state tax returns through IRS Free File.
Dangerous W-2 Phishing Scam Evolving; Targeting Schools, Restaurants, Hospitals, Tribal Groups and Others
IR-2017-20, Feb. 2, 2017 — The IRS, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors.
Phone Scams a Serious Threat; Remain on the IRS “Dirty Dozen” List of Tax Scams for 2017
IR-2017-19, Feb. 2, 2017 — Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, headlining the annual "Dirty Dozen" list of tax scams for the 2017 filing season, the IRS announced today.
IRS Answers Common Early Tax Season Refund Questions and Addresses Surrounding Myths
IR-2017-16, Feb 1, 2017 — As millions of people begin filing their tax returns, the Internal Revenue Service reminded taxpayers about some basic tips to keep in mind about their refunds.
Phishing Schemes Lead the IRS “Dirty Dozen” List of Tax Scams for 2017; Remain Tax-Time Threat
IR-2017-15, Feb. 1, 2017 — The Internal Revenue Service today warned taxpayers to watch out for fake emails or websites looking to steal personal information. These “phishing” schemes continue to be on the annual IRS list of “Dirty Dozen” tax scams for the 2017 filing season.
Free Tax Return Preparation for Qualifying Taxpayers
The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $54,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals.
In addition to VITA, the Tax Counseling for the Elderly (TCE) program offers free tax help for all taxpayers, particularly those who are 60 years of age and older, specializing in questions about pensions and retirement-related issues unique to seniors. The IRS-certified volunteers who provide tax counseling are often retired individuals associated with non-profit organizations that receive grants from the IRS.
Kentucky Department of Revenue Warns of Tax Scams and Recent Schemes
Taxpayer tips part of National Tax Security Awareness Week, Dec. 5-9
IR-2016-15, Phishing Remains on the IRS “Dirty Dozen” List of Tax Scams for the 2016 Filing Season
IRS YouTube Video: Be Cautious When Using Wi-Fi – English
IRS YouTube Video: Phishing- Malware - English | Spanish | ASL