News & Events
Reminder: Employers Face New Jan. 31 W-2 Filing Deadline; Some Refunds Delayed Until Feb. 15
IR-2016-143, Oct. 28, 2016 — The IRS today reminded employers and small businesses of a new Jan. 31 filing deadline for Forms W-2. The IRS must also hold some refunds until Feb. 15.
2017 PTIN Renewal Period Underway for Tax Professionals
IR-2016-142, Oct. 28, 2016 –– The IRS today reminded the nation’s more than 725,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2017.
IRS Announces 2017 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2017
IR-2016-141, Oct. 27, 2016 — The IRS today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017.
Information Reporting Program Advisory Committee (IRPAC) Issues Annual Report for 2016
IR-2016-140, Oct. 26, 2016 — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2016 to IRS Commissioner John Koskinen on new and continuing issues in tax administration.
In 2017, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged
IR-2016-139, Oct. 25, 2016 — The IRS today announced the tax year 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes.
Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Matthew
IR-2016-138, Oct. 21, 2016 —The IRS today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families. This is similar to relief provided this summer to Louisiana flood victims.
Offshore Voluntary Compliance Efforts Top $10 Billion; More Than 100,000 Taxpayers Come Back into Compliance
IR-2016-137, Oct. 21, 2016 — As international compliance efforts pass several new milestones, the IRS reminds U.S. taxpayers with undisclosed offshore accounts that they should use existing paths to come into full compliance with their federal tax obligations.
IRS Announces 2017 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants
IR-2016-136, Oct. 19, 2016 — The IRS recently awarded over $21.5 million in TCE and VITA grants to organizations that provide free federal tax return preparation.
IRS Gives Expanded Tax Relief to Victims of Hurricane Matthew; Parts of Four States Eligible; Extension Filers Have Until March 15 to File
IR-2016-135, Oct. 17, 2016 –– Hurricane Matthew victims in much of North Carolina and parts of South Carolina, Georgia and Florida have until March 15, 2017, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.
Online Seminars from the 2016 IRS Nationwide Tax Forums are Now Available
IR-2016-134, Oct. 17, 2016 — The IRS today reminded tax professionals that they can earn continuing education credits online through seminars filmed at the 2016 IRS Nationwide Tax Forums.
