Blog

January 16 2019

IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. […]

January 14 2019

IRS Reopens Transcript Service Despite Government Shutdown:  Despite the government shutdown, the IRS has resumed processing requests for transcript information made through the Income Verification Express Service (IVES) program. This is a fee-based program used primarily by mortgage lenders to confirm a borrower’s income during the loan application process.

January 8, 2019

Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.

January 7, 2019

The IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 8, 2019.

01/04/2019

Pennsylvania Sets Interest Rates on Underpayments and Overpayments The Pennsylvania Department of Revenue has announced that the rate of interest on underpayments of Pennsylvania tax for the year commencing January 1, 2019 is 6%, and the rate of interest on overpayments for tax year 2019 is 4%. Interest Rate Notice, Pa. Dept. Rev., Pa. Bull. […]