It’s Official — Here’s When You Can File Your Tax Return in 2019 — The Motley Fool

  To the relief of millions of Americans expecting tax refunds in the next few months, the IRS and the Trump administration recently announced that the start of tax season and the issuance of tax refunds would not be affected by the government shutdown, even if it lasts well into the start of tax season. If you’re wondering when you’ll be able to file your taxes, or if you want to know when you can expect your tax refund to … Continued

After Budget Cuts, the IRS’ Work Against Tax Cheats Is… — ProPublica

THIS IS NOT ADVICE Tax evasion is at the center of the criminal cases against two associates of the president, Paul Manafort and Michael Cohen. The sheer scale of their efforts to avoid paying the government has given rise to a head-scratching question: How were they able to cheat the Internal Revenue Service for so many years? The answer, researchers and former government auditors say, is simple. The IRS pursues fewer cases of tax evasion than it did less than … Continued

New law changes tax treatment of sexual harassment settlements

  In the past, companies might not have been excited to pay settlements and legal bills stemming from sexual harassment cases, but it was a way to keep the allegations quiet, and the settlement pay out as well as the legal bills were tax deductible. Considered “business expenses,” companies could recoup at least some of their costs by taking the deduction. The new tax bill that took effect on January 1, 2018 has changed all that. Under the new law, … Continued

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

The Internal Revenue Service today strongly encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their passports in jeopardy. This month, the IRS will begin implementation of new procedures affecting individuals with “seriously delinquent tax debts.” These new procedures implement provisions of the Fixing America’s Surface Transportation (FAST) Act, signed into law in December 2015. The FAST Act requires the IRS to notify … Continued

IRS whistle blower who questioned paper industry tax break fights to keep his job – The Washington Post

  An Internal Revenue Service lawyer is waging a battle to stay in his job a year after the agency punished him for speaking to news organizations about a scheme that enabled paper companies to collect about $2 billion in tax refunds and helped the industry weather the Great Recession The IRS has recently taken the opposite side in a similar case involving Sunoco and ExxonMobil, which are requesting $1.65 billion in tax refunds based on guidance issued by the … Continued