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IRS Advises Taxpayers to Prepare for Hurricanes, Floods and Other Natural Disasters

The Internal Revenue Service today offered advice to taxpayers who may be affected by storms or other natural disasters. The IRS also reminded taxpayers that the agency is here to help including offering a special toll-free number to taxpayers in

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Fake Charities Are a Problem and on the IRS Dirty Dozen List of Tax Scams for 2016

“Fake charities set up by scam artists to steal your money or personal information are a recurring problem,” said IRS Commissioner John Koskinen. “Taxpayers should take the time to research organizations before giving their hard-earned money.” Compiled annually, the “Dirty

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Identity Theft an Ongoing Concern with the IRS

Over the course of the past year, as part of the Security Summit initiative, the IRS partnered with states and the tax industry to enhance coordination and create a more secure system for taxpayers. Security Summit participants, including the IRS,

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Identity Theft Tax Tips

The Internal Revenue Service, state revenue departments and the tax industry today released the first in a series of special tax tips designed to provide people critical information to help protect their tax and financial data. The first of the

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Tips for Year-End Gifts to Charity

Some of the changes taxpayers should keep in mind include: Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. Clothing and household items donated to charity generally must be in good

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IRS Releases Crime 2015 Annual Report

Focusing on tax-related identity theft, money laundering, public corruption, cybercrime and terrorist financing, IRS CI initiated 3,853 cases in FY 2015. “Our criminal investigators continue to bring complex and meaningful cases that have a significant impact on tax administration,” said

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2016 Standard Mileage Rates for Business, Medical and Moving Announced

Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per mile for business miles driven, down from 57.5 cents for 2015 19 cents per

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Interest Rates Remain the Same for the First Quarter of 2016

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2016, as they were in the previous quarter. The rates will be: three (3) percent for overpayments [two (2) percent

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IRS Penalty Relief for Unfiled Retirement Plan Returns For Small Businesses

The IRS has encouraged eligible small businesses that did not file certain retirement plan returns to take advantage of a low-cost penalty relief program enabling them to quickly come back into compliance. The program is designed to help small businesses

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Six Tips to Help You Pay Your Tax Bill this Summer

If you get a tax bill from the IRS, don’t ignore it. The longer you wait the more interest and penalties you will have to pay. Here are six tips to help you pay your tax debt and avoid extra

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