Tax Information For Student Financial Aid Applications.
Jun30

Tax Information For Student Financial Aid Applications.

To protect sensitive taxpayer data, the IRS and FSA the Data Retrieval Tool (DRT) on fafsa.gov and StudentLoans.gov used to access your tax information for the FAFSA and income-driven repayment (IDR) plan applications is currently unavailable. While we are working to resolve these issues as quickly as possible, the tool will remain unavailable until extra security protections can be added.   See: IRS Offers Help to Students,...

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IRS Cautions Taxpayers to Watch for Summertime Scams
Jun28

IRS Cautions Taxpayers to Watch for Summertime Scams

The Internal Revenue Service today issued a warning that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes involving the tax system that continue to claim victims. “We continue to urge people to watch out for new and evolving schemes this summer,” said IRS Commissioner John Koskinen. “Many of these are variations of a...

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Is It Really The IRS Calling?
Jun25

Is It Really The IRS Calling?

Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email. Don’t get scammed. We want you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee. The IRS initiates most contacts through regular mail delivered by the United States Postal Service.   However, there are special...

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IRS Explains How Offer in Compromise Works.
Jun23

IRS Explains How Offer in Compromise Works.

Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise. Before applying for an Offer in Compromise, here are some things to know: ·                  In general, the IRS cannot accept a settlement offer if the taxpayer can afford to pay what they owe. Taxpayers should first explore other payment options. A payment plan is...

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2017 Standard Mileage Rates for Business, Medical and Moving Announced.
Jun21

2017 Standard Mileage Rates for Business, Medical and Moving Announced.

The Internal Revenue Service today issued the 2017 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, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:   53.5 cents per mile for business miles driven, down from 54 cents for 2016. 17 cents per mile driven for...

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