IRS Not Pushing Back July 15 Deadline
The Internal Revenue Service has some bad news for taxpayers hoping that the tax filing and payment deadlines would get pushed back again.…
IRS Processing CAF Requests, Reducing Backlog
The Internal Revenue Service last Thursday announced that it is beginning to process Centralized Authorization File requests, like Forms 2848 and 8821.…
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New National Taxpayer Advocate Issues First Report to Congress
Erin M. Collins, the nation’s new National Taxpayer Advocate, has issued her first report to Congress, which details the series of challenges—some met, some unmet—faced by the IRS this year.…
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ETAAC Calls for Fully Funding IRS
A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request.…
More Tax Relief for Tornado Victims
The Internal Revenue Service is giving tornado, thunderstorm and flooding victims in three states extra time to file their various tax returns and make tax payments.Severe storms raked parts of…
IRS Unveils New Relief for COVID-19 Retirement Borrowers
The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new relief.…
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IRS Says Modernized e-File Unavailable During Extended Maintenance
Tax professionals planning to use the IRS Modernized e-File (MeF) system this weekend to file a stack of returns for their clients may have to send them to the Internal Revenue Service at a different time. The…
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TIGTA Says IRS Should Act on Preparers with Overdue Returns, Debts
A new report from the Treasury Inspector General for Tax Administration (TIGTA) finds that a number of tax preparers are themselves classified as non-compliant, but in many cases, the Internal Revenue Service has not acted to recoup the outstanding tax due.…
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IRS Mail Backup Leads to Extended Payment Dates
An unforeseen consequence of the COVID-19 pandemic is pushing the IRS due date for some payments back a bit.…
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Treasury Updates PPP Regulations
Before the ink dried on the latest COVID-relief legislation, tax pros and small business owners alike had questions about the Paycheck Protection Program Flexibility Act. Despite being designed to expand access to the PPP loan, the bill included a change that seemed to eliminate partial loan forgiveness.…
