What to do if IRS Erroneously Assesses Tax After Taxpayer Petitions Tax Court
As a result of recent IRS and Tax Court administrative delays, IRS has erroneously closed cases and assessed taxes because …
Draft Nonresident Alien Instructions Updated to Remove COVID Exception
The IRS has issued draft instructions to Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal …
Senate Democrats Release Details of $3.5 Billion Human Infrastructure Plan
In a memo to Democratic Senators, the Senate Budget Committee has released details of a $3.5 trillion FY2022 budget resolution, …
IRS Issues Employee Retention Credit Guidance for Both 2021 and 2020
The IRS has issued guidance on the employee retention credit (ERC), including guidance regarding recent changes made to the ERC …
IRS Posts FAQs About Online Account for Individuals
On its website, the IRS has posted answers to frequently asked questions (FAQs) about Online Account. Online Account provides individuals …
IRS Creates Child Tax Credit Non-Filer Sign-Up Tool
In a Treasury Department press release, an IRS news release, and IRS webpages, IRS has announced its creation of the …
Treasury Details Biden Administration Proposals to Address The Tax Gap, Tax Compliance
Treasury Department website: Investing in the IRS and Improving Tax Compliance (4/28/2021) On a webpage, the Treasury Department has outlined …
IRS Commissioner Testimony Includes Information on Tax Gap and Monthly Child Tax Credits
In April 13 testimony to the Senate Finance Committee, IRS Commissioner Charles Rettig testified that he believes that the annual …
IRS: No Need to Amend 2020 Returns to Get Unemployment Exclusion
In a News Release, IRS has announced that taxpayers who already filed their 2020 individual tax return without taking advantage …
House Passes ARPA COVID-19 Relief Bill
The House on Wednesday passed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA, HR 1319). The Senate passed …