Employers Face New W-2 Deadline; IRS To Delay Some Refunds
Employers and small businesses have a new January filing deadline for W-2s, the Internal Revenue Service warned, adding that it must also hold some refunds until Feb. 15. A new federal law accelerates the W-2 filing deadline for employers to Jan. 31. The new law also requires the IRS to hold refunds involving two key […]
IRS to improve OIC according to reports
The Internal Revenue Service has taken steps to improve the offer in compromise process for both taxpayers and the IRS, but it can still do more, according to a new report. An OIC is an agreement between a taxpayer and the IRS that settles a tax liability for a payment of less than the full […]
Interesting IRS Historical Fact Of The Month
In 1952, the IRS (which was known at the time as the Bureau of Internal Revenue) had a tax collector position where the employee’s only responsibility was to read newspapers and magazines for stories that might catch people evading paying taxes. Upon reading an article in the New York Times about a successful “boy wonder†[…]