IRS

The executive order provides "temporary relief for employers" to “pay the employee portion of Social Security payroll taxes,” confirms Republican Rep. Kevin Brady.

Trump’s order defers the payment deadline to the end of the year, though Treasury Secretary Steven Mnuchin has said company participation is optional.

Several significant changes are probably in store for next tax season.

The agency is encouraging taxpayers who have received but not yet responded to a CP-14 notice to promptly do so.

By law, these payments are taxable so clients will need to report them on their 2020 federal income tax returns.

If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form.

The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.

This may be the final chance for eligible clients to submit for the additional economic impact payments under the CARES Act this year.

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know

“Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said in a statement.

The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.

The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.