Farmers, fishermen face March 1 tax deadline; IRS encourages convenience of IRS Direct Pay
Feb25

Farmers, fishermen face March 1 tax deadline; IRS encourages convenience of IRS Direct Pay

The Internal Revenue Service reminds farmers and fishermen who chose to forgo making quarterly estimated tax payments that they must file their 2018 Form 1040 along with a payment for all taxes owed by Friday, March 1, 2019.   This special rule normally applies to taxpayers whose farming or fishing income was at least two-thirds of their total gross income in either the current or the preceding tax year. Farmers and fishermen...

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IRS provides various payment options for taxpayers who owe but can’t pay in full
Feb25

IRS provides various payment options for taxpayers who owe but can’t pay in full

As the 2019 tax filing season gets into full swing, the Internal Revenue Service reminds taxpayers who owe of the many easy payment options.   The IRS anticipates that most taxpayers will be affected by major tax law changes. While most will get a tax refund, others may find that they owe taxes, many of whom may qualify for a waiver of the estimated tax penalty that normally applies. See Form 2210, Underpayment of Estimated Tax...

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Avoid the rush: Be prepared to validate identity if contacting the IRS
Feb25

Avoid the rush: Be prepared to validate identity if contacting the IRS

The Internal Revenue Service today reminded taxpayers and tax professionals that they will be asked to verify their identities if they call the IRS.   The days before and after Presidents Day mark the peak period for taxpayer phone calls to the IRS. To avoid the rush, callers should use IRS.gov to access resources like the IRS Service Guide, to answer their questions or be prepared to verify their identities if they need to call...

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Avoid the rush: Pay taxes owed online or set up a payment plan.
Feb17

Avoid the rush: Pay taxes owed online or set up a payment plan.

The Internal Revenue Service today reminded taxpayers who may unexpectedly owe additional tax that there are many online options for payment as well as online options for applying for a payment plan for those who can not pay in full.   Questions about payments and installment plans are among the top reasons taxpayers call or visit the IRS. But they can avoid the rush, especially during the peak period of Presidents Day, by using...

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Avoid the rush: Fastest way to check tax refund is
Feb17

Avoid the rush: Fastest way to check tax refund is

Offering time-saving alternatives to a telephone call, the Internal Revenue Service reminds taxpayers they can get fast answers to their refund questions by using the “Where’s My Refund?” tool available on IRS.gov and through the IRS2Go app.   The IRS issues nine out of 10 refunds in less than 21 days, and the fastest way to get a refund is to use IRS e-file and direct deposit. Taxpayers claiming the Earned Income Tax Credit or...

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