Tax Exempt organizations are reminded of the requirement to file their annual information returns by May 15, 2018, or risk having their federal tax-exempt status revoked. Many small organizations can file Form 990-n (the e-postcard) to meet their annual filing requirement.
Time is running out for the extension to make portability election by surviving spouses of individuals who died after 2010. So far the IRS has been extremely lenient in allowing taxpayers relief for failing to timely make the required election to save any unused exclusion. For couples with assets of $11 million dollars the election could save their heirs over $2 million dollars.
The IRS released information to assist taxpayers to determine if a person visiting their home or business and claiming to be from the IRS is legitimate or an imposter.