Paid Family and Medical Leave Tax Credit

A tax credit for wages paid to employees taking FMLA leave may generally be taken by employers who have a written paid family and medical leave policy that: Provides all qualifying full-time employees—employees who have been employed for a year or more and who had compensation of not more than $72,000 in the preceding year—at…

IRS Kicks Off 2019 Tax-Filing Season

IR-2019-07, January 28, 2019 WASHINGTON ― The Internal Revenue Service successfully opened the 2019 tax-filing season today as the agency started accepting and processing federal tax returns for tax year 2018. Despite the major tax law changes made by the Tax Cuts and Jobs Act, the IRS was able to open this year’s tax-filing season…

Standard Mileage Rate to Increase in 2019

The Internal Revenue Service has announced that the optional standard mileage rate used to calculate the costs of operating a car, van, pickup truck, or panel truck for business purposes in 2019 will be 58 cents per mile, up from 54.5 cents per mile in 2018. The 2019 rates for automobiles used for charitable, medical,…

How TIGTA stymied an IRS impersonation scam

New technologies aided a massive phone scam, but investigators turned the tables on the scheme, which allegedly caused ‘hundreds of millions of dollars’ in taxpayer losses. On Nov. 24, 2014, a woman named Diana received a menacing phone call in Hernando, Miss., a small city nestled in the northwest corner of the state. A caller…