As a follow-up to its announcement that the April 15 income tax filing deadline is extended to July 15, the Internal Revenue Service has created a series of Frequently Asked Questions to address common questions that may arise from taxpayers and tax professionals.  The categories addressed by these FAQs are the following:

  • Eligibility for Relief

As a follow-up to its prior announcement that the April 15 income tax filing deadline is extended to July 15 due to the COVID-19 pandemic, the Treasury Department has announced a similar extension of the filing deadline for any individual who has to file a federal gift tax or generation-skipping transfer tax return by April

Treasury Secretary Steven Mnuchin announced on Twitter this morning that the April 15 tax filing deadline has been extended to July 15 due to the health crisis caused by the coronavirus outbreak.   All taxpayers (both individuals and businesses) will have extra time to file and pay their taxes without being subject to penalties and interest.

With April 15 just around the corner, the Justice Department’s Tax Division has issued its annual public warning to would-be tax cheats. It is no secret that the Justice Department and Internal Revenue Service significantly ramp up their publicity campaigns regarding tax prosecutions in the weeks leading up to April 15, in an attempt to

Despite a steep drop in tax-related identity theft in recent years, the Internal Revenue Service warns taxpayers that the scam remains serious enough to earn a spot on the 2019 “Dirty Dozen” list of tax scams. “Taxpayers should continue to protect their sensitive tax and financial data to help protect against identity thieves,” IRS Commissioner

With the 2019 tax filing season in full swing, and April 15 only a few days away, the Internal Revenue Service has once again unveiled its annual list of the most prevalent tax scams facing taxpayers and tax professionals, which it calls the “Dirty Dozen.” Leading the “Dirty Dozen” for 2019 are internet-based “phishing” scams

Our colleagues Richard S. Caputo and Jacqueline Motyl have published the second of their two-part Alert to guide nonprofit organizations in preparing for upcoming tax filing deadlines and best practices for the onset of a fiscal year.  In Part 1 (available here), they discussed Form 990/990-PF requirements, Solicitation of Funds registration requirements, Change in