IRS nominee Daniel Werfel confirmed by Senate vote
WASHINGTON — (AP) — The U.S. Senate confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service on Thursday by a vote of 54-42. He drew praise for being willing to leave a private consulting job to take on the top job at the troubled agency. Werfel will have to navigate controversy surrounding the new funding, as critics have distorted how the new law would affect the IRS and taxes for the middle class. IRS officials say the new money is already being put to use — announcing Wednesday that the agency has expanded its digital scanning capabilities. “This expansion of scanning is another milestone for the IRS as we work to transform the agency,” acting IRS Commissioner Doug O’Donnell said in an emailed statement.
wftv.comIRS nominee: No audit boost for households under $400,000
WASHINGTON — (AP) — If confirmed as IRS commissioner, Daniel Werfel says he will commit to not increasing tax audits on businesses and households making less than $400,000 per year. President Joe Biden nominated Werfel to steer the Internal Revenue Service as it receives a massive funding boost — nearly $80 billion over the next 10 years through the Inflation Reduction Act, which Congress passed in August. Selected by President Donald Trump to lead the agency, Rettig left when his five-year term ended in November. About $46 billion was allocated for enforcing tax laws and the rest to taxpayer services, operations support and updating business systems. “I think that $80 billion gives the IRS some choices on how to improve that they didn't have before," he said.
wftv.comIRS nominee: No audit boost for households under $400,000
If confirmed as IRS commissioner, Daniel Werfel says he will commit to not increasing tax audits on businesses and households making less than $400,000 per year. Anticipating questions ahead of his confirmation hearing Wednesday before the Senate Finance Committee, Werfel in prepared testimony makes several other commitments aimed at revamping the beleaguered agency. President Joe Biden nominated Werfel to steer the Internal Revenue Service as it receives a massive funding boost — nearly $80 billion over the next 10 years through the Inflation Reduction Act, which Congress passed in August.
news.yahoo.comThe IRS issues guidance to those they told to ‘holdoff’ on filing returns
>> Read more trending newsOf the 21 states that issued payments, residents of four states may need to claim the money on their returns, the IRS said in a statement. Last week, the agency told taxpayers to hold off on filing their returns until it looked into the matter and could provide further guidance on how the payments would be dealt with by the agency. Disaster and welfare payments are generally not taxable, and, according to the agency, it determined that payments in 17 states met that definition. In Alaska, dividend payments that are regularly made to residents generally are taxable, but the state’s supplemental energy relief payment will not be. The agency provided a chart that linked to the state payments that will not be taxable.
wftv.comIRS tells millions to hold off on filing income tax returns
The Internal Revenue Service is telling millions of taxpayers to wait to file their 2022 tax returns until the agency can decide whether state rebate checks issued in 2022 will count as taxable income, the agency said this week. >> Read more trending newsNineteen states approved stimulus or rebate payments in 2022, and the agency has not yet decided how those funds will be considered by the IRS. The IRS said that if you have already filed your 2022 return and are a resident of one of the 19 states, you should not amend the return yet. “There are a variety of state programs that distributed these payments in 2022 and the rules surrounding them are complex. We expect to provide additional clarity for as many states and taxpayers as possible next week,” the statement read.
wftv.comIRS urges special refund recipients to delay filing taxes
"We are working with state tax officials as quickly as possible to provide additional information and clarity for taxpayers," the IRS said in its statement. If you received a state tax refund last year, here is what you need to know. I GOT A TAX REFUND FROM MY STATE. If you got a tax refund from your state in 2022, the IRS is recommending you hold off on filing your tax return until the agency gives further instructions. Following the IRS recommendations is key if taxpayers want to avoid having to amend a previously filed tax return, said Hall.
wftv.comIRS announces Saturday hours at Taxpayer Assistance Centers Feb. 11
MAITLAND, Fla. — The Internal Revenue Service announced they would be offering special hours at several Tax Payer Assistance centers in Florida on Feb. 11The IRS said it is offering the weekend hours as part of the IRS’s larger effort to help people during tax filing season. Universal Orlando Resort looks to fill more than 2,500 positionsThe special Saturday hours are available at the following locations:850 Trafalgar Ct., Maitland/Orlando, FL 3275151 S.W. First Ave., Miami, FL 331301248 N. University Drive, Plantation/Fort Lauderdale, FL 33322Read: Florida lawmakers continue special section to determine future of Disney’s Reedy CreekActing IRS Commissioner Doug O’Donnell said the special hours give people more opportunities to get help. “We’re very excited to offer these additional hours to help people get the services they need because we understand some can’t visit us during the week,” O’Donnell said. Those seeking in-person help from IRS employees can do so without an appointment from 9 a.m. to 4 p.m.More information about the Taxpayer Assistance Centers and special hours can be found here.
wftv.com9 ways to protect yourself from fraud this tax season
ORLANDO, Fla. — As a brand new tax season gets underway, some folks are anxious to file their returns so they can collect a refund. IRS warns public of bad tax preparers IRS warns public of bad tax preparersThe IRS has a lot of advice to help you protect you — and your money — from others who might have bad intentions. These 113 people are missing from Central FloridaHere are 9 tips from the IRS to avoid tax season fraud:Choose a tax preparer wisely. Ask your tax preparer for their IRS Preparer Tax Identification Number (PTIN). VIDEO: IRS warns public to be aware of bad tax preparers this tax season VIDEO: IRS warns public to be aware of bad tax preparers this tax season (WFTV)Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
wftv.comJake Tapper Corners GOP Rep. Over IRS Falsehoods: ‘Why Not Just Be Honest?’
CNNCNN anchor Jake Tapper repeatedly confronted Rep. Mike Johnson (R-LA) on Tuesday over Republicans’ misleading claims that Democrats are trying to fund an army of 87,000 IRS agents to hunt down everyday Americans.“Why not just be honest?” Tapper asked Johnson at one point.Days after House Republicans finally elected a speaker after a week-long stalemate that culminated in a near-fistfight on the chamber floor, the brand-new GOP majority passed its first bill on Tuesday.The legislation, which t
news.yahoo.comHere’s how to track your third stimulus payment
[CLICK HERE TO CHECK THE STATUS OF YOUR STIMULUS PAYMENT]Officials said those with direct deposit set up with the IRS will receive their payments first. AdAfter that, the IRS will mail paper checks and pre-paid debit cards to everyone else who qualifies. (Use the calculator below to estimate the payment you could receive. “This historic legislation is about rebuilding the backbone of this country,” Biden said as he signed the bill in the Oval Office. Use the form below to sign up for the ClickOrlando.com 4pm Trending newsletter, sent every weekday.
IRS will delay tax filing due date until May 17
The IRS will delay the traditional April 15 tax filing due date until May 17, 2021, to cope with added duties and provide Americans more flexibility. The Internal Revenue Service says it's delaying the traditional tax filing deadline from April 15 until May 17. The pandemic hit in the middle of last year's tax filing season, setting the agency back in terms of processing. Ad“Never before has the law changed so substantially in the middle of tax filing season," Patrick Thomas, director of Notre Dame Law School’s Tax Clinic, said in a statement. A number of lawmakers and professionals from the tax community have urged the tax filing season be extended to accommodate for these pressures.
IRS to delay tax filing deadline to mid-May
The IRS plans to delay the tax filing deadline until May 17, according to an official. Along with @IRSnews, we’re announcing today that the federal income tax filing due date for the 2020 tax year will be automatically extended fromApril 15, 2021, to May 17, 2021. AdThe service is still processing millions 2020 tax returns. But keep in mind, even if the IRS gives you more time, state taxes in most cases are still due by April 15. If you’re filing in Hawaii, Delaware, Iowa, Virginia, Louisiana, or Maryland, you have more time for state taxes as well.
US Department of Justice offering ‘one-stop’ site to report unemployment fraud
The Department of Justice’s National Unemployment Insurance Fraud Task Force has launched a one-stop connection to the Federal Trade Commission, Internal Revenue Service and the Department of Labor to provide victims with quick access to resources needed to file an unemployment fraud report in all 50 states.
IRS says new round of COVID relief payments on the way
“The payments will be delivered automatically to taxpayers even as the IRS continues delivering regular tax refunds,” IRS Commissioner Chuck Rettig said in a statement. The relief measure, which passed on party-line votes in both the House and Senate, contains the third round of economic-impact payments. The first round passed last spring provided up to $1,200 per individual, and a second round of payments in December provided up to $600 per individual. The latest round of relief payments will provide households with $1,400 for each adult, child and adult dependent, such as college students or elderly relatives. AdOfficials said they wanted to handle the payments this way rather than waiting for the 2020 tax return to be filed in the interest of speeding payments to taxpayers.
New operator takes over ‘troubled’ tax preparation business
Taxmates recently took over nine Central Florida offices previously occupied by Neighborhood Advance Tax, a different tax preparation company that went out of business. Some former customers of Neighborhood Advance Tax claim the company’s tax preparers entered erroneous information on their income tax returns, prompting audits by the IRS. AdNeighborhood Advance Tax customers audited by IRSWhen Christina Gagliardy hired Neighborhood Advance Tax to prepare her 2019 tax return last year, she said an employee promised she would receive a tax refund of more than $2,000. Late last year, Neighborhood Advance Tax went out of business, according to one of its former owners. Nearly 70 other tax preparers who identified Neighborhood Advance Tax as their employer are listed in the government’s PTIN database.