Posts Tagged ‘IRS’
IRS Announces 2012 Standard Mileage Rates, Most Rates Same as July
The Internal Revenue Service issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Receive an IRS Wage Levy for an Employee?
It is important not to disregard a wage levy from the IRS or you may find your company liable for the employee’s delinquent taxes. Recently, a corporation that failed to obey an IRS wage levy on one of its employees was liable for the employee’s delinquent taxes and for a penalty under Code Sec. 6332(c)(2).
IRS Increases Mileage Rate to 55.5 Cents per Mile
The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.
Email from the IRS – It’s a scam!
The IRS does not initiate communication with taxpayers through email. It could be a phishing attempt to steal personal information. Identity thieves sometimes use social security numbers to file tax returns in order to receive a refund. If the thief files the tax return before you do, the IRS will believe you already filed and have received any eligible refund.
If you receive a notice or letter from the IRS in the mail that leads you to believe someone may have used your social security number fraudulently, please respond immediately to the name, address, and/or number printed on the IRS notice. You should be alert to possible identity theft if the IRS issued a notice or sent a letter that states more than one tax return was filed for you or indicates you received wages from an employer unknown to you.
If you receive a letter or notice in the mail claiming to be from the IRS but you think it’s a scam, contact the IRS to determine if it is legitimate. Contact the Treasury Inspector General for Tax Administration at 1-800-366-4484.
Some Payroll Tax Deadlines Extended to April 18th
The IRS has extended the deadline for all tax forms and payments that would normally be due on Friday, April 15, 2011 until Monday, April 18, because April 15 (Emancipation Day) is a legal holiday in the District of Columbia (see Notice 2011-17, 2011-10 IRB 540). The extended deadline means that semi-weekly depositors have until April 18 to make their federal payroll tax deposit for amounts withheld between April 9 and April 12. In addition, monthly depositors have until April 18 to deposit their March withholding taxes.
