Compliance Center: IRS Reminds Taxpayers About Retirement Plan Distribution Deadline

Here’s what the IRS has to say about required minimum distributions; your question answered about recouping waived settlement costs on a member business loan; plus this week’s legal briefs.

Fake IRS Phone Calls Defrauding Taxpayers of Millions

Phone scam surges during tax season, tops IRS list of “Dirty Dozen” tax scams for 2015.

IRS Pushes Back Some FATCA Compliance Dates

While the reporting requirement on 1042-S remains unchanged, the IRS and the U.S. Treasury have moved back several of the key compliance dates for the Foreign Account Tax Compliance Act (FATCA).

IRS Releases the Dirty Dozen Tax Scams for 2012

The IRS has issued its annual “Dirty Dozen” ranking 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.

Form 1099 Changes Just Need President’s Signature

A CUNA-supported bill going to President Obama would repeal an extension of IRS Form 1099 reporting requirements for certain purchases over $600.