The Internal Revenue Service has released cost-of-living adjustments for tax year 2020 covering dollar limitations for pension plans and other retirement-related items.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

A recent Internal Revenue Service press release revealed the tax year 2020 annual inflation adjustments, which affect a number of tax items, including marginal tax rates, the Alternative Minimum Tax, the Earned Income Credit, and more.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The IRS reports that criminals perpetrating tax-related identity theft scams are taking a new approach with one of their greatest hits: the Social Security Number scam.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The IRS this week released another disaster victim-focused tax tip, reminding taxpayers what they can do to rebuild financial records lost to a storm, flood, or some other catastrophic event.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers whose outstanding tax bill has been referred to a private debt collector have a new way to pay, according to a recent IRS press release.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…