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Tax News

Whether you’re looking for IRS announcements, industry updates or new tax laws, stay up to date with the help of TurboTax.

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Tax News

IRS Provides Further Guidance on the Taxation of Virtual Currency

October 15, 2019 October 23, 2019 / TurboTaxLisa
IRS Provides Further Guidance on the Taxation of Virtual CurrencyOn October 9, 2019, the IRS released further guidance, on how virtual currency should be taxed.  The last guidance, issued in 2014, explained that virtual currency is treated as property for Federal income tax purposes and applied tax principles applicable...

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Announcements, Tax News

Sweepstakes: Share Your #AdultingWins This Tax Season

March 11, 2019 June 7, 2019 / TurboTaxBlogTeam
Sweepstakes: Share Your #AdultingWins This Tax SeasonTax Day is right around the corner, and what better way to adult than by getting your taxes done? Whether you’ve filed your taxes yet or not, there are plenty of ways you can conquer adulting on a daily basis,...

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Tax News

Oscars and the Taxation of “Swag Bags”

February 24, 2019 July 23, 2019 / TurboTaxLisa
Oscars and the Taxation of “Swag Bags”The outfits are picked, parties planned, and the votes for the 2019 Oscar winners will be tallied. Today, Hollywood’s nominees will gather for the 91st Academy Awards ceremony. And while most hopefuls will not be walking away with the coveted,...

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Tax News

E-File is Now Open: Why You Should File your Taxes Early

January 28, 2019 March 30, 2019 / TurboTaxBlogTeam
E-File is Now Open: Why You Should File your Taxes EarlyToday, January 28, the IRS officially kicked off the opening of the 2019 tax season and is now accepting e-filed tax returns. As we all know, some taxpayers wait until last minute to file their taxes, but if you stop...

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IRS Announces E-file Open Day! Be the First In Line for Your Tax Refund

January 7, 2019 March 30, 2019 / TurboTaxLisa
IRS Announces E-file Open Day! Be the First In Line for Your Tax Refund

The IRS announced today that it will begin processing tax returns on 1/31/14. The good news for you? TurboTax is open for business and will begin accepting tax returns on January 2, 2014!

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Tax News

The PATH Act and What You Need to Know About Expiring ITINs

October 10, 2018 January 5, 2019 / TurboTaxLisa
The PATH Act and What You Need to Know About Expiring ITINsThe Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed by Congress and signed into law in December 2015 requires taxpayers to renew expired ITINs in order to file their taxes. The IRS announced that more than...

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Happy Tax Day!

April 18, 2018 / TurboTaxBlogTeam
Happy Tax Day!*Today is the last day to file your taxes, which means you have until 11:59 PM local time to e-file your tax return. For those of you who have already filed your taxes, congratulations on getting your #TaxesDone! If you’re...

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Tax News

Aviso: El IRS Extiende la Fecha Límite Para Declarar Impuestos al 18 de Abril

April 17, 2018 April 18, 2018 / TurboTaxBlogTeam
Aviso: El IRS Extiende la Fecha Límite Para Declarar Impuestos al 18 de AbrilIn English El IRS anunció hoy que estará extendiendo la fecha límite para declarar y pagar los impuestos federales debido a los problemas que tuvieron con el sistema el 17 de abril, que era la fecha original para hacer la...

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Tax News

Tax Day Update: IRS Extends Tax Deadline to April 18th

April 17, 2018 April 18, 2018 / TurboTaxLisa
Tax Day Update: IRS Extends Tax Deadline to April 18thEn Español The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their federal taxes following system issues that surfaced early on the April 17 tax deadline. Taxpayers will now have until...

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Tax News

Tax Day Update: TurboTax is Accepting E-Filed Tax Returns

April 17, 2018 / TurboTaxLisa
Tax Day Update: TurboTax is Accepting E-Filed Tax ReturnsEn Español Updated April 17, 2018 2:34 pm PST As of 2:00 PM PST, the IRS announced that they are once again accepting e-filed tax returns.  If you still need to file your tax return, you should continue to prepare...

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