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• IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments
  
  
  2nd April 2020
  The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft.
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• Economic impact payments: What you need to know
  
  
  1st April 2020
  The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some taxpayers who typically do not file returns will need to submit a simple tax return to receive the economic impact payment.
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• IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19
  
  
  31st March 2020
  The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
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• IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program
  
  
  25th March 2020
  To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.
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• Interest rates remain the same for the second quarter of 2020
  
  
  28th February 2020
  The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2020.
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• IRS issues standard mileage rates for 2020
  
  
  31st December 2019
  The Internal Revenue Service today issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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• Interest rates remain the same for the first quarter of 2020
  
  
  6th December 2019
  The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning January 1, 2020.
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• Interest rates remain the same for the fourth quarter of 2019
  
  
  28th August 2019
  The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2019, as they were in the prior quarter.
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• Individuals with significant tax debt should act promptly to avoid revocation of passports
  
  
  8th August 2019
  The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later.
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• Interest rates decrease for the third quarter of 2019
  
  
  5th June 2019
  The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning July 1, 2019.
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