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IRS

Stay informed with the latest IRS news and updates specifically curated for current and former federal employees. This section covers critical changes to federal tax laws, FEHB and TSP tax implications, and IRS guidance impacting the civil service. Whether you are navigating your high-3 salary tax brackets or looking for the latest on federal pay raises and agency-wide policy shifts, find the expert analysis you need to manage your career and retirement effectively.

IRS Launching ‘Get My Payment’ App to Expedite Coronavirus Stimulus Payments

FedSmith.com author Ian SmithBy Ian SmithApr 14, 2020 9:40 AM | Updated: Apr 24, 2020 8:14 AM Categories Agency News Leave a comment

The IRS is launching an online application this week to help qualifying taxpayers get their coronavirus stimulus payments more quickly.

IRS Provides Update About Coronavirus Stimulus Payments

FedSmith.com author Ian SmithBy Ian SmithMar 31, 2020 10:30 AM | Updated: Apr 12, 2020 7:30 AM Categories Agency News Leave a comment

The IRS has provided information about when and how individuals will receive their coronavirus stimulus payments.

New TSP Hardship Withdrawal Option Likely Coming Soon

FedSmith.com author Ian SmithBy Ian SmithFeb 15, 2020 8:14 AM | Updated: Mar 3, 2020 11:55 AM Categories Pay & Benefits Leave a comment

A proposed rule would allow TSP participants to make hardship withdrawals in the event of natural disasters.

2020 TSP Contribution Limits Announced

FedSmith.com author Ian SmithBy Ian SmithNov 6, 2019 11:01 AM | Updated: Nov 20, 2019 9:29 AM Categories Retirement Leave a comment

The IRS has announced the 2020 contribution limits for the TSP and IRAs.

Former IRS Employee Heading to Prison for Evading Over $500,000 in Taxes

FedSmith.com author Ian SmithBy Ian SmithOct 24, 2019 9:11 AM | Updated: Nov 5, 2019 11:36 AM Categories Court Cases Leave a comment

A former IRS employee is heading to prison for evading payment in over $500,000 in taxes.

Justice Delayed Apparently Is Not Justice Denied

FedSmith.com author Susan McGuire SmithBy Susan McGuire SmithMay 14, 2019 10:33 AM | Updated: May 23, 2019 9:53 AM Categories Court Cases Leave a comment

An IRS employee who was fired invoked arbitration but dragged her feet agreeing to a hearing date. She may receive back pay as the result of the appeals court decision.

Protecting Your Personal Info in Today’s Digital World

FedSmith.com author Ian SmithBy Ian SmithApr 14, 2019 9:07 AM | Updated: Apr 23, 2019 4:44 PM Categories Federal Workforce News Leave a comment

Our personal data is always at risk in today’s world. These are some tips that can help you stay protected.

OPM Provides FAQs on IRS Health Insurance Forms

FedSmith.com author Ian SmithBy Ian SmithFeb 28, 2019 3:18 PM | Updated: Mar 10, 2019 9:33 AM Categories Pay & Benefits Leave a comment

OPM has provided some frequently asked questions regarding government health insurance requirements under FEHB for tax year 2018.

Impact of the Government Shutdown on the IRS

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 14, 2019 9:17 AM | Updated: Feb 22, 2019 12:29 PM Categories Agency News Leave a comment

The annual report from the Taxpayer Advocate Service outlines the impact of the shutdown on the IRS and agency problems as a result of using 1960’s computer technology.

Treasury: Tax Refunds are Safe in the Event of Another Shutdown

FedSmith.com author Ian SmithBy Ian SmithFeb 13, 2019 9:00 AM Categories Agency News Leave a comment

Even if there is another shutdown, the Treasury Department says taxpayer refunds will still be paid.

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