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IRS Archives

Plans Underway for New Federal Form 1040

The Internal Revenue Service (IRS) announced plans to consolidate the federal Forms 1040, 1040A and 1040EZ into a single Form 1040 for the 2019 filing season. The shorter form would be supplemented with schedules for more complex tax filing situations. Tax professionals can view the proposed new Form 1040 in draft form here and submit any comments to [email protected].

Taxpayers Now Have More Time to Challenge IRS Levies

Through the Tax Cuts and Jobs Act of 2017, taxpayers now have up to two years to file an administrative claim and bring suit for a wrongful levy by the Internal Revenue Service (IRS) where the IRS has already sold the property it levied. This time limit is a significant extension on the previous nine-month time limit and applies to levies made after December 22, 2017, and on or before that date if the shorter time limit hadn't yet expired.

IRS Supervisor Loses Passport, May Face 10 Years in Prison for Theft and False Statements

An Internal Revenue Service (IRS) supervisor in the Central District of California, Leslie Williams, was arrested this week on charges of theft of government property and making false statements. Williams allegedly embezzled federal funds and lied to obtain death benefit payments related to her former spouse. She continued to lie about her relationship to her deceased former spouse when interviewed in 2017 by special agents for the Treasury Inspector General of Tax Administration (TIGTA). She was released on a $10,000 appearance bond and had to surrender her passport; Williams could serve up to 10 years in prison for the charges.

IRS Puts Taxpayers on Notice Regarding State and Local Tax Deductions

The Internal Revenue Service recently issued a notice about proposed regulations that will address the deductibility of state and local tax payments for federal income tax purposes, specifically reminding taxpayers that the IRS position is that federal law controls the characterization of payments, regardless of the treatment under state law. To read the IRS press release, click here.

Registration Open for 2018 IRS Nationwide Tax Forum

The 2018 IRS Nationwide Tax Forum dates and locations are now available for this annual tax law event featuring education sessions, training, and networking for tax law professionals.  Betty Williams will be speaking about "Representing the Taxpayer Without Records: How and When Can a Preparer Use Taxpayer Estimates & Reconstructions to Prepare a Return" during the forum scheduled for August 7 - 9, 2018 in San Diego. To register, click here: https://www.irstaxforum.com/index

Beware of a New Variation on Tax-Related Phone Scams

The Internal Revenue Service (IRS) and its Security Summit partners have released a warning about a new variation on phone scams by which criminals prey on taxpayers. Scammers are now using telephone numbers that mimic IRS Taxpayer Assistance Centers to try to trick victims into paying non-existent tax bills. Remember that IRS employees at these centers do not make calls to taxpayers to demand payment; such requests are typically initiated through regular mail delivered by the U.S. Postal Service.

Former IRS Employee Sentenced to Prison Time and Restitution for Filing False Tax Returns

On March 5, 2018, a former Internal Revenue Service (IRS) employee, Pamela Pringle, was sentenced in the Eastern District of California for "making opportunities for persons to defraud the United States and for making and subscribing false returns." While employed by the IRS, Pringle prepared and filed income tax returns for other individuals that included false deductions, and in several years she also filed fraudulent tax returns for herself, claiming deductions to which she was not entitled. Pringle entered a guilty plea in November 2017 and will spend 5 months in prison, then 36 months under supervised release, including 5 months of home confinement; she was also ordered to pay $56,857 in restitution.

TIGTA Releases Interim Results for 2018 Filing Season

The Treasury Inspector General for Tax Administration (TIGTA) released a report providing interim results for the 2018 federal tax filing season. As of March 2, 2018, the Internal Revenue Service (IRS) had received approximately 61 million tax returns and issued over 48 million refunds totaling almost $148 billion.

IRS Updates Federal Withholding Calculator

The Internal Revenue Service (IRS) has updated its online withholding calculator to account for the changes to tax calculations caused by the Tax Cuts and Jobs Act.  Taxpayers are encouraged to use the updated calculator tool to ensure the correct amount is withheld from their paychecks.  To access the tool and additional information from the IRS, click here.

Remember to Report Your Virtual Currency Transactions!

Virtual currency transactions, such as the purchase or sale of Bitcoin, are reportable transactions on your federal income tax returns, as a recent Internal Revenue Service (IRS) press release states. Failure to report digital currency transactions can lead to audit and possible penalty or interest assessments. The IRS has issued Notice 2014-21 (here) to provide guidance for taxpayers and tax return preparers regarding such transactions. To read the full IRS press release on this topic, click here.

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