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 …
Individual Return Filing Season Will Start on February 12, 2021
In a News Release, IRS has announced that tax season will start on Friday, February 12, 2021, when the tax …
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 …