Entries by admin-wxc

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Essentials needed for filing a 2024 tax return

WASHINGTON — As the 2025 tax filing season continues, the Internal Revenue Service encourages taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax returns. This announcement marks the commencement of the Tax Time Guide series. The IRS uses this guide to provide updated information to assist taxpayers […]

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Tax Time Guide: Use Where’s My Refund? tool to track refund status

WASHINGTON — As millions of people file their 2024 tax returns, the Internal Revenue Service today reminded taxpayers to use the Where’s My Refund? tool on IRS.gov to confirm receipt of their return and track a refund. Taxpayers who file electronically can typically use the Where’s My Refund? tool to check the status of a tax […]

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Use IRS online tools for faster help

WASHINGTON — With the 2025 filing season underway and the anticipated high demand for IRS phone lines around the Presidents Day holiday, the Internal Revenue Service today encouraged taxpayers to visit IRS.gov and use online tools to get immediate answers. Presidents Day weekend is typically a busy time in the tax filing season, according to […]

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IRS urges to choose tax preparers to protect their information

WASHINGTON — The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm. While most tax return preparers are trustworthy and provide high-quality service, some engage in fraud, identity theft and scams. Taxpayers must understand who they’re hiring and ask the […]

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2025 tax filing season starts as IRS begins accepting tax returns today

WASHINGTON — The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns. During today’s early morning opening, IRS systems have already received millions of tax returns from across the nation for processing. The IRS expects more than 140 million individual tax returns for […]

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Wage statements and certain information returns due by Jan. 31

WASHINGTON — As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan. 31. Filing the required forms by deadline and without errors not only helps payers and recipients avoid penalties, it also helps the IRS fight fraud by making it […]

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Issued proposed regulations on enrollment for 401(k) and 403(b) plans

The Department of the Treasury and the Internal Revenue Service today issued proposed regulationsaddressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year. In general, unless an employee opts out, a plan must automatically enroll the employee at […]

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IRS offers top tips to make tax time easier

The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier. Most of the information below is also available on the IRS.gov Let us help you page. Taxpayers should follow these handy suggestions as they prepare to file: Gather all important and necessary tax paperwork and records needed […]

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IRS urges many retirees to make required withdrawals

WASHINGTON — The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act. Required minimum distributions (RMDs) are amounts that many retirement plan and IRA account owners must withdraw […]