National Tax Security Awareness Week opens with warnings to all taxpayers and tax professionals as holidays, 2021 tax season approach IR-2020-265, November 30, 2020 — The Internal Revenue Service and the Security Summit partners today issued warnings to all taxpayers and tax professionals to beware of scams and identity theft schemes by criminals taking advantage of the combination of holiday shopping, the approaching tax season and coronavirus concerns. Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize IR-2020-264, November 25, 2020 — The Internal Revenue Service today reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Get Ready for Taxes: Steps to take now to make tax filing easier in 2021 IR-2020-263, November 24, 2020 — The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help file federal tax returns timely and accurately in 2021. The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property IR-2020-262, November 23, 2020 — Today the Treasury Department and Internal Revenue Service issued final regulations relating to section 1031 like-kind exchanges. IRS announces procurement research partnership to improve contracting processes IR-2020-261, November 23, 2020 — The Internal Revenue Service’s Office of the Chief Procurement Officer today announced a research partnership with Data and Analytic Solutions, a small business located in Fairfax, Virginia. Register by Nov. 21 to get an Economic Impact Payment; same deadline for federal beneficiaries to get missed $500 per child payments IR-2020-260, November 19, 2020 — The IRS Service today reminded people who don’t normally file tax returns that they have until November 21 at 3 p.m. Eastern time to register for an Economic Impact Payment. Security Summit partners announce National Tax Security Awareness Week dates; urge increased security measures as fraudsters exploit COVID-19 concerns IR-2020-259, November 19, 2020 — The IRS, state tax agencies and the nation's tax industry today announced that the 5th Annual National Tax Security Awareness Week will take place between November 30 and December 4. IRS Advisory Council issues 2020 Annual Report IR-2020-258, November 18, 2020 — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2020, including recommendations to the IRS on new and continuing issues in tax administration. Nov. 21 deadline nears to register online for Economic Impact Payment; Some people can claim special credit next tax filing season IR-2020-257, November 17, 2020 — The IRS today reminded anyone who doesn’t normally file a tax return that they have until 3 p.m. EST this Saturday, November 21, to register with the IRS for an Economic Impact Payment. Get Ready for Taxes: Get ready now to file 2020 federal income tax returns IR-2020-256, November 17, 2020 — The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and accurately in 2021, including special steps related to Economic Impact Payments. IRS Criminal Investigation releases Fiscal Year 2020 Annual Report; identifies $2.3 billion in tax fraud IR-2020-255, November 16, 2020 — The IRS today released the Criminal Investigation Division's annual report, highlighting the agency’s successes and criminal enforcement actions taken in fiscal year 2020, the majority of which occurred during COVID-19. IRS to mask key business transcript details; protect taxpayers from identity theft IR-2020-254, November 13, 2020 — Moving to protect business taxpayers from identity theft, the Internal Revenue Service today announced that starting December 13 it will begin masking sensitive data on business tax transcripts. IRS reminder to non-filers: Nov. 10 is ‘National EIP Registration Day;’ Community partners can help people sign up for Economic Impact Payment IR-2020-253, November 9, 2020 — The Internal Revenue Service today urged anyone who doesn’t normally file a tax return and has not yet received an Economic Impact Payment (EIP) to take advantage of “National EIP Registration Day,” on Tuesday, November 10. IRS provides certainty regarding the deductibility of payments by partnerships and S corporations for State and local income taxes IR-2020-252, November 9, 2020 — The Internal Revenue Service (IRS) today issued Notice 2020-75, which announces rules to be included in forthcoming proposed regulations. IRS provides guidance on certain distributions from terminating 403(b) plans IR-2020-251, November 5, 2020 — The Department of the Treasury and the Internal Revenue Service today issued guidance for employers and employees with terminating 403(b) plans that fund benefits through 403(b)(7) custodial accounts. Many college students may still qualify for an Economic Impact Payment; review the guidelines and register by Nov. 21 at IRS.gov IR-2020-250, November 5, 2020 — The Internal Revenue Service today urged any eligible self-supporting college student who doesn’t need to file a tax return to register by November 21 so they can receive an Economic Impact Payment before the end of the year. Security Summit partners warn taxpayers of new COVID-related text scam IR-2020-249, November 4, 2020 — The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment. IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts IR-2020-248, November 2, 2020 — The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
