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COVID-Era Rebate: IRS Urges Swift Action
Time is running out for those who may be entitled to the COVID-era Recovery Rebate Credit in 2020.
Mar 6, 2024


Tax Relief for Washington State Wildfire Victims
Tax relief measures have been announced for individuals and businesses in parts of Washington state affected by wildfires.
Mar 4, 2024


IRS Emphasizes the Importance of Form 8962
If you or any family member were enrolled in Marketplace health insurance and received APTC, it's essential to file Form 8962.
Mar 1, 2024


IRS Welcomes Crypto Experts to Boost Digital Asset Oversight
Mukherjee and Wilks will play key roles in the IRS's efforts related to digital assets including reporting systems and related transactions.
Feb 29, 2024


Tax Relief for San Diego County, CA
IRS announces relief measures for taxpayers in the designated disaster area which includes San Diego County.
Feb 28, 2024


IRS Launches Sweeping Audits on Business Jet Usage to Enhance Tax Compliance
IRS audits will scrutinize whether the use of jets is accurately allocated between business and personal purposes for tax considerations.
Feb 21, 2024


IRS Hosts Free Webinar on Reporting Digital Asset Income: A Must-Attend for Tax Professionals
A free webinar on Thurs., Feb. 22, at 2 p.m. ET, will delve into reporting income from digital assets.
Feb 21, 2024


Tax Relief for Michigan Residents Affected by Severe Storms and Flooding
Individuals and businesses in parts of Michigan impacted by severe storms, tornadoes, and flooding have until June 17 to file returns.
Feb 20, 2024


IRS Issues Warning Signs for Questionable Employee Retention Credit (ERC) Claims
Warning signs to help small businesses identify possible issues with their Employee Retention Credit claims ahead of a key March deadline.
Feb 13, 2024


Some West Virginia Deadlines Postponed Due to Severe Storms
Tax relief measures for individuals and businesses affected by severe storms, flooding, landslides, and mudslides in parts of West Virginia.
Feb 13, 2024


Determine Eligibility for Employer-Provided Childcare Tax Credit
New IRS website aims to assist employers in defraying expenses related to qualified childcare expenditures.
Feb 13, 2024


Be Aware of EFIN Scam Emails
Scammers are pretending to be tax software providers, tricking tax pros into handing over their Electronic Filing Identification Number.
Feb 12, 2024


Premium Tax Credit FAQ Update
Important updates to the FAQs on the Premium Tax Credit used for buying health insurance through the marketplaces established by Obamacare.
Feb 12, 2024


IRS Updates FAQs for Form 1099-K: What You Need to Know
Revised FAQs for Form 1099-K, focusing on Payment Card and Third Party Network Transactions, provide clarity for tax professionals.
Feb 7, 2024


IRS Grants Tax Relief to Maine Residents Affected by Severe Storms
IRS has announced significant tax relief measures for individuals and businesses in parts of Maine impacted by severe storms and flooding.
Feb 6, 2024


Upcoming Employee Retention Credit Webinar by IRS on Feb. 8: Updates on Voluntary Disclosure Program and Moratorium to be Provided
On Thursday, Feb. 8 at 2 p.m. EST, the Internal Revenue Service will be hosting a free ERC Voluntary Disclosure Program webinar.
Jan 31, 2024


February 15 Deadline for Disaster Victims with Extensions to File 2022 Returns in 8 States and 2 Territories, According to IRS Reminder
The IRS issued a reminder to individuals in disaster areas who were granted an extension to file their 2022 tax returns.
Jan 31, 2024


New Tax Deadlines for Rhode Island Individuals and Business Affected by Natural Disasters
The IRS has announced tax relief for individuals and businesses in parts of Rhode Island.
Jan 30, 2024


Deadline for Employer Wage Statements
Employers are reminded by the Internal Revenue Service that the deadline for filing Forms W-2 and other wage statements is January 31.
Jan 30, 2024


IRS News Roundup for the Week of Jan. 22, 2024
The IRS has been busy announcing tax law updates. Here's a quick roundup of the week's tax topics affecting tax pros and their clients.
Jan 26, 2024