IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19 IR-2020-62, March 31, 2020 — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. Economic impact payments: What you need to know IR-2020-61, March 30, 2020 — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. Updated with new information for seniors, retirees on April 1, 2020. Longtime tax pro Erin Collins begins as new National Taxpayer Advocate; Collins takes on job early to help with COVID-19 response IR-2020-60, March 27, 2020 — The Internal Revenue Service today announced Erin M. Collins will start her term as the National Taxpayer Advocate (NTA) on Monday, March 30, and lead the Taxpayer Advocate Service, an independent organization within the IRS. IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program IR-2020-59, March 25, 2020 — To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed IR-2020-58, March 21, 2020 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave IR-2020-57, March 20, 2020 — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. Tax Time Guide: Guard personal, financial and tax information year-round IR-2020-56, March 13, 2020 — The Internal Revenue Service today reminded taxpayers to remain vigilant with their personal information by securing computers and mobile phones. IRS announces waivers for Offer in Compromise applications IR-2020-55, March 12, 2020 — The Internal Revenue Service today announced the release of final regulations that increase the Offer in Compromise application fee to $205 and provide an additional way for the IRS to waive the Offer in Compromise application fee for low-income taxpayers, based on their adjusted gross income (AGI). IRS: High-deductible health plans can cover coronavirus costs IR-2020-54, March 11, 2020 — The Internal Revenue Service today advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. Tax Time Guide: Tax Withholding Estimator helps retirees, workers and self-employed calculate taxes, fill out new Form W-4 IR-2020-53, March 10, 2020 — The IRS is encouraging taxpayers to take control of the size of their refund using the Tax Withholding Estimator on IRS.gov. Get up-to-date information including the annual IRS "Dirty Dozen" with IRS e-News Subscriptions IR-2020-52, March 9, 2020 — The IRS today reminded taxpayers, businesses, tax professionals and others to take advantage of a wide variety of free IRS email subscription services that feature things like the annual "Dirty Dozen" list of tax scams, which is coming this month. IRS extends April 15 and other upcoming deadlines, provides other tax relief for victims of Tennessee tornadoes IR-2020-51, March 6, 2020 — Victims of this week’s tornadoes and severe storms in parts of Tennessee, including Nashville, will have until July 15, 2020, to file various individual and business tax returns and make tax payments, the IRS announced today. Two updated IRA publications, other online resources can help anyone planning for retirement IR-2020-50, March 6, 2020 — The Internal Revenue Service has updated two comprehensive publications designed to help anyone making IRA contributions or receiving IRA distributions for tax year 2019 or considering making retirement donations before April 15, 2020. IRS Criminal Investigation veteran selected as new Fraud Enforcement Director IR-2020-49, March 5, 2020 — As part of a continuing focus on compliance issues, the Internal Revenue Service announced today that Damon Rowe will serve as the agency’s director of the newly created Fraud Enforcement Office beginning in mid-March. Tax Time Guide: Payment options available for those who owe IR-2020-48, March 5, 2020 — The Internal Revenue Service today reminded taxpayers that if they need to make a tax payment or owe and can’t pay, the IRS offers several options. Tax Time Guide: Check out these free tax return preparation options IR-2020-47, March 3, 2020 — The IRS reminds taxpayers that free tax help is available in-person at nearly 11,000 volunteer sites nationwide and online through IRS Free File. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
