The Basics of Estimated Taxes for Individuals FS-2017-12, October 2017 — The IRS has seen an increasing number of taxpayers subject to estimated tax penalties, which apply when someone underpays their taxes. Reconstructing Records After a Natural Disaster or Casualty Loss; IRS Provides Tips to Help Taxpayers FS-2017-11, September 2017 - Reconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. After a disaster, taxpayers might need certain records to prove their loss. The more accurately the loss is estimated, the more loan and grant money there may be available. Information on Identity Theft for Business, Partnerships and Estate and Trusts FS-2017-10, July 25, 2017 - Businesses, partnerships and estate and trust filers increasingly are targeted by national and international criminal syndicates who use stolen data to file fraudulent tax refunds for refunds. Understanding Employee vs. Contractor Designation FS-2017-09, July 20, 2017 - The Internal Revenue Service reminds small businesses of the importance of understanding and correctly applying the rules for classifying a worker as an employee or an independent contractor. Employer Reminder Reporting Tips versus Service Charges Key Differences Between Categories Affect Employees Tax Reporting FS-2017-08, April 25, 2017 — The IRS reminds employers that so-called “automatic gratuities” and any amount imposed on the customer by the employer are service charges, not tips. How to know it’s really the IRS calling or knocking on your door FS-2017-7, April 2017 — Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email. Don’t get scammed. We want you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee. Understanding Your Paid Tax Return Preparer FS-2017-06, April 2017 — More than 78 million taxpayers paid someone to prepare their federal tax return in 2016. IRS Outlines Taxpayer Bill of Rights FS-2017-05, April 2017 — TBOR clearly outlines the fundamental rights of every taxpayer, and the IRS wants every taxpayer to be aware of these rights in the event they need to work with the IRS on a personal tax matter. Identity Theft Information for Tax Professionals FS-2017-04, March 2017 — Tax professionals play a critical role in assisting clients, both individuals and businesses, who are victims of tax-related identity theft. IRS Clarifies Form 1042-S Requirements for Withholding Agents; Outlines Common Errors FS-2017-03, February 23, 2017— The IRS has made a series of changes and clarifications to the Form 1042-S, and the accompanying instructions, in an effort to assist withholding agents to more accurately report income and withholding information relating to payments made to non-resident alien recipients. Do I Qualify for the Earned Income Tax Credit? FS-2017-02, January 2017 — EITC is a financial boost for people working hard to make ends meet. Millions of workers may qualify for the first time this year due to changes in their marital, parental or financial status. 2016 Tax Changes FS-2017-01, January 2017 — Taxpayers will have until Tuesday, April 18, 2017 to file their 2016 returns and pay any taxes due. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
