Retirees Face April 1 Deadline to Take Required Retirement Plan Distributions
1. Retirees Face April 1 Deadline to Take Required Retirement Plan Distributions
The Internal Revenue Service reminded taxpayers who turned 70½ during 2012 that in most cases, they must start receiving required minimum distributions (RMD) from individual retirement accounts (IRA) and workplace retirement plans by April 1.
2. IRS Expands Law Enforcement Assistance Program on Identity Theft to 50 States
The Internal Revenue Service announced a nationwide expansion of a program designed to help law enforcement obtain tax return data vital to local efforts in investigating and prosecuting specific cases of identity theft.
3. Identity Theft Tops Dirty Dozen Tax Scams for 2013
The Internal Revenue Service issued its annual Dirty Dozen list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
4. IRS 2012 Data Book Now Available
The Internal Revenue Service released the 2012 IRS Data Book, a snapshot of agency activities for the fiscal year.
5. Work Opportunity Tax Credit Changes under ATRA
The American Taxpayer Relief Act of 2012 expands the Work Opportunity Tax Credit for hiring certain workers through Dec. 31.
ATRA also extends the WOTC for qualified veterans hired beforeJan. 1, 2014.
6. Technical Guidance
Announcement 2013-17 serves as the annual public report concerning Advance Pricing Agreements (APAs) and the APMA Program. This report describes the experience, structure and activities of the APMA Program during calendar year 2012.