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Taxpayers and Preparers Should Be Aware of Possibly Smaller Refunds and Other Changes
Taxation
There are a number of reasons why taxpayers might receive smaller refunds than they expected this season, Stephen Mankowski,…
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IRS, Treasury Issue Final Business E-filing Regulations
Taxation
The IRS and the Treasury Department have issued final regulations amending the rules for filing certain kinds of returns and…
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IRS and Treasury Issue New Guidance for Corporate Alternative Minimum Tax
Taxation
The Treasury Department and the IRS issued guidance for insurance companies and certain other taxpayers about the new…
Read More
Online Documentation Upload Now Available to Taxpayers in Response to Certain IRS Notices
Taxation
Taxpayers who received certain notices from the IRS requiring additional information now have the option of submitting…
Read More
At Confirmation Hearing, Nominee for IRS Commissioner Questioned About $80B in Funding
Taxation
In his confirmation hearing before the Senate Finance Committee, Daniel Werfel, President Joe Biden’s nominee to be the…
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Survey: Eating Well During Tax Season Has Many Benefits
Taxation
Busy tax season could also mean a bad eating season for many, but better options are available. Almost all (96 percent) of…
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TIGTA: IRS Should Better Coordinate its Tax Examination Functions
Taxation
The IRS would benefit from having a more coordinated approach to its tax examination function, a report by the Treasury…
Read More
IRS Announces That Special Relief Payments by States Are Not Taxable
Taxation
The IRS has issued guidance announcing that special payments related to general welfare and disaster relief made by several…
Read More
E-filers of Amended Tax Returns Can Now Get Their Refunds Through Direct Deposit
Taxation
Taxpayers who file an individual amended tax return will now have the ability to receive their refunds via direct deposit,…
Read More
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