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 …
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, …