-
The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
April 16 -
The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.
December 21 -
The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount.
April 16 -
Commissioner Charles Rettig left open the possibility that there may be delays.
April 14 -
The service offered information on how to elect to apply an overpayment on 2020 taxes against Q1 2021 estimated taxes, which are still due on April 15.
April 14 -
Rep. Lloyd Smucker's legislation is in line with a request from accounting and tax professional groups.
April 9 -
The Internal Revenue Service is mailing letters to taxpayers explaining why they may not be getting as much of a Recovery Rebate Credit as they were expecting on their taxes.
April 5 -
The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.
March 30 -
The Internal Revenue Service is pushing back the tax-filing deadline until May 17 after heavy pressure from Congress and tax and accounting groups.
March 17 -
For those with less than $150,000 in adjusted gross income who collected unemployment benefits this past year, the COVID relief bill allows them to receive up to $10,200 of those benefits tax-free.
March 16Tax & Accounting Professionals business of Thomson Reuters