2019

Most Social Security and Railroad Retirement recipients don’t need to file a return or provide information to get an Economic Impact Payment

COVID Tax Tip 2020-41, April 15, 2020 Many people are receiving Economic Impacts Payments to help with the effects of the Coronavirus (COVID-19) pandemic. Among people getting payments for $1,200 are those who receive Social Security retirement, disability (SSDI), or survivor benefits and Railroad Retirement benefits. This includes those who don’t normally file a tax return and are not …

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New publications help taxpayers get ready and stay ready for tax filing season

IRS Tax Tip 2019-179, December 18, 2019 With the tax filing season almost here, taxpayers should check out two new IRS publications available on IRS.gov. These publications can help people get prepared to submit their tax returns and stay organized with tips for year-round tax planning. Publication 5348, Get Ready to File (PDF) This publication …

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Small business owners should use the correct form to pay employment taxes

IRS Tax Tip 2019-178, December 17, 2019 Small business owners should review the rules for filing two commonly-used employment tax returns. The two forms are: Form 944, Employer’s Annual Federal Tax Return Form 941, Employer’s Quarterly Federal Tax Return Small business owners should remember these two forms are not interchangeable. A small business files one …

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Here’s how people can volunteer to help other taxpayers in their communities

Tax Tip 2019-176, December 13, 2019 With taxpayers beginning to think about filing their taxes next year, they can also consider volunteering to help others do so. The agency and its partner organizations are looking for people to prepare tax returns at free tax preparation sites across the country. People can sign up through the …

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Get ready for taxes: Here’s what to know about getting a tax refund

IRS Tax Tip 2019-175, December 12, 2019 Tax returns, like snowflakes and thumbprints are unique and individual. So too, is each taxpayer’s refund. This is something for taxpayers to remember next year when someone they know says or posts on social media about receiving a federal tax refund. Even though the IRS issues most refunds …

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Here’s what tax preparers need to know about a data security plan

Tax Tip 2019-174, December 11, 2019 With the tax filing season just weeks away, tax professionals who have a data security plan should review it for updates. Those who don’t have a plan should create one and use the information below to get started. Having a written data security plan isn’t just a good idea, …

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Get ready for taxes: Here’s what to know about the amount of a tax refund

IRS Tax Tip 2019-173, December 10, 2019 After filing their tax return, a taxpayer will know whether they are receiving a refund. Sometimes, however, a taxpayer’s refund will be for a different amount than they expect. Here are some reasons a taxpayer’s refund might be less than they thought it would be: Financial transactions happening …

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Using strong password is a strong defense against identity thieves

IRS Tax Tip 2019-172, December 9, 2019 Two things taxpayers can do to prevent themselves from identity theft is to use strong passwords and keep those passwords secure. While many people use fingerprint or facial recognition technology to protect their devices, sometimes it’s still necessary to use a password. In recent years, cybersecurity experts’ recommendations …

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Adults can pass on these tips to teach teens online safety

IRS Tax Tip 2019-171, December 5, 2019 Adults teach their kids how to drive, balance a checkbook and cook. It’s also a good idea to teach younger users how to explore the internet with caution. All internet users should be mindful of risks people can take when they share devices, shop online and interact on social media. …

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