As the income tax deadline approaches, the Indiana Department of Revenue has a few tips for avoiding refund delays. Department officials say many delays are caused by preventable errors, and an easy way to stop those from happening is to file electronically.
2018 Tax Filing Now Open
The 2018 tax season is officially underway. Taxpayers can now file their income tax returns with the Internal Revenue Service. Continue reading
Year-End Tax Tips from the Internal Revenue Service
For most tax payers, December 31st is the last day to take actions that will impact 2017 tax returns, according to the IRS.
For instance, charitable contributions are deductible in the year made. This means donations charged to a credit card before the end of the year count for the 2017 tax even if the bill isn’t paid until 2018 and checks made to a charity count for 2017 as long as they’re mailed by the last day of the year.
Taxpayers are urged to refrain from preparing their tax returns until all necessary forms and documents are received. Needed documentation includes W-2 forms from employers and 1099 forms from banks and other payers. Continue reading
Help Still Available for Taxpayers Filing 2016 Tax Returns
Taxpayers who still need to file their 2016 tax returns can still get some help, according to the Internal Revenue Service. October 16 is the filing deadline for many of those granted an extension on their tax returns. The IRS says those individuals can still take advantage of several programs.
Protect Yourself from Scammers Posing as IRS
The Indiana State Police are warning residents to be weary of people calling and posing as the IRS. A number of citizens in the northern Indiana have reported calls from individuals claiming to be an IRS representative, demanding money and threatening legal action. As the police work to stop the perpetration of these false calls, the IRS has provided a few tips to ensure your safety. Continue reading
IRS Issues Reminder, Safety Warning for Tax-Exempt Organizations
Many tax-exempt organizations need to file annual reports with the IRS by Monday or risk losing their status.
Form 990-series information returns are due on the 15th day of the fifth month after an organization’s tax year ends. That means organizations that use the calendar year as their tax year need to file for 2016. Continue reading
IRS Phone Scams Still a Concern After Tax Season
People posing as agents from the Internal Revenue Service are continuing in efforts to scam people out of money.
IRS imposter scams continue to be among the most commonly received complaints at the Office of the Indiana Attorney General Consumer Protection Division even after the tax season has ended.
IRS Turning Seriously Delinquent Accounts Over to Collections
The Internal Revenue Service is preparing to turn seriously delinquent accounts over to private-sector collection agencies. The agency notes these are unpaid individual tax obligations that are not currently being worked by IRS collection employees and often were assessed by the tax agency several years ago. Continue reading
IRS Warns Tax Professionals of e-Services Account Scam
The Internal Revenue Service is warning tax professionals of an email scam to steal their user names and passwords for IRS e-Services. Recently, the IRS has been asking some tax preparers to re-validate their identity to allow them to continue accessing their e-Services accounts. Continue reading
IRS Officials Offer Tips for Obtaining Filing Extensions
Taxpayers who are unable to file their federal returns by the April 18th deadline can go online to request an extension. Continue reading
IRS Reminds Seniors to Beware of Scam Phone Calls This Tax Season
Senior citizens are reminded to be alert for scam phone calls this tax season. Scammers go to great lengths to sound like they’re from the Internal Revenue Service, but they’re not. For example, they may use fake names or badge numbers, and may also use a fake caller ID number. Continue reading
Taxpayers, Tax Preparers Targeted by Last-Minute Email Scams
Tax filing season is heading into its final weeks, and the Internal Revenue Service says to be on the lookout for a few last-minute email scams. IRS officials say this is the time of year when tax-related scams reach their peak. Continue reading
IRS Warns Taxpayers of IRA Distribution Deadline
An important deadline is rapidly approaching for taxpayers who turned age 70½ during 2016. In most cases they must start receiving required minimum distributions (RMD) from Individual Retirement Accounts and workplace retirement plans by Saturday, April 1, 2017. Continue reading
IRS Officials Recommend Double Checking Tax Returns Before Filing
The Internal Revenue Service encourages tax filers to carefully check their returns for errors before dropping them in the mail or submitting them electronically. Continue reading
IRS Advises Clock is Ticking to File 2013 Tax Returns
Time is running out for an estimated 21,000 Hoosier taxpayers to claim federal tax refunds from 2013. To collect the money, taxpayers must file a 2013 tax return with the IRS no later than this year’s tax deadline, which is Tuesday, April 18. Continue reading
Some Federal Taxpayers May Have to Wait for Refunds
Federal income tax filers who claimed popular income tax credits will have to wait another week or so for their tax refunds, according to IRS officials. Continue reading
IRS Warns Taxpayers of Phone Scams this Tax Season
The Internal Revenue Service expects phone scams to remain a threat this tax season. Once again, they’ve made the “Dirty Dozen” list of tax scams released each year by the IRS. Continue reading
Don’t Fall Victim to Tax Scams
The IRS warns taxpayers of several scams that are making the rounds as 2016 draws to a close. Perpetrators of fraud use the telephone, email and traditional mail to try to scam unsuspecting people out of their money or personal information. Continue reading
IRS Reminds Retirees of Upcoming Retirement Plan Distribution Deadline
This Friday is the deadline for certain retirees to start withdrawing money out of their retirement accounts. Specifically, those who reached the age of 70½ during 2015 who have a traditional IRA or participate in many workplace retirement plans must start receiving required minimum distributions by Friday, April 1. Continue reading
Affordable Care Act Brings Changes to Tax Preparation
There may be a few changes this year in the way you prepare your taxes, thanks to the Affordable Care Act. For the first time, certain taxpayers may be getting health care information forms to help them complete their tax returns and keep with their tax records. Continue reading
