Guidance on Taxpayers, etc. Making Verbal Requests for Transcript Information
The IRS has provided guidance on taxpayers and their representatives making verbal requests for transcript information. Background. Tax transcripts are …
IRS Makes it Easier to Set Up Tax Payment Arrangements
In a News Release, IRS has announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily …
CA 11 Affirms: Couple’s Multimillion-Dollar Tax Liability Nondischargeable
The Eleventh Circuit Court of Appeals, affirming a district court, has held that a married couple could not discharge in …
Final REGs Clarify Definition of Qualifying Relative
The IRS has issued final regs that clarify the definition of qualifying relative for purposes of various provisions of the …
Projected 2021 Inflation-Adjusted Tax Brackets and Other Key Figures
The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. These adjustments …
Form 1040-X Can Now Be Filed Electronically
IR 2020-182 In a News Release, the IRS has announced that taxpayers will now be able to e-file Form 1040-X, …
Interest on Individual Refunds to run from April 15
On its website, the IRS says overpayment interest, on individual 2019 refunds with respect to returns filed by July 15, …
Economic impact payment FAQs updated to address post-issuance problems
IRS has added to FAQs regarding the “Get My Payment” website, which provides information about economic impact payments (EIPs) made …
FAQs for Aliens Claiming Medical Condition Exceptions or Travel Exceptions to Substantial Presence Test
IRS has issued FAQs for nonresident aliens who wish to avail themselves of the Medical Condition Exception or the Medical …
Tax Court Cancels Sessions over COVID-19 Concerns
The Tax Court announced in a press release on March 11, 2020, that it is canceling 15 trial sessions that …