IRS Event to Fight Charity Fraud
This week has been set aside by the Internal Revenue Service and charitable organizations across the globe to highlight their annual International Charity Fraud Awareness Week (ICFAW).…
Tax Relief for Wildfire and Hurricane Victims
Taxpayers dealing with the fallout from wildfires in California and Hurricane Delta in Louisiana yesterday received some good news from the Internal Revenue Service. Following the Federal Emergency Management Agency’s disaster declarations for affected areas, the IRS is giving victims additional time to meet certain filing and payment deadlines.…
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IRS Reminds Tax Pros about PTIN renewal and AFSP Opportunities
The Internal Revenue Service Return Preparer’s Office is reminding tax professionals about the PTIN renewal deadline and Annual Filing Season Program perks. According to the Friday IRS newsletter, the RPO is set to send two separate messages: one to all current PTIN holders, and another to all non-credentialed PTIN holders.…
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Treasury Says SBA Has Simpler Forgiveness Application for Certain PPP Loans
The Treasury Department last week announced that the Small Business Administration is making it easier to request Paycheck Protection Program (PPP) loan forgiveness for loans that are $50,000 or less.…
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AIR System to go Down for Maintenance, IRS Says
The Internal Revenue Service says its Affordable Care Act Information Returns system—also known as AIR—will be unavailable over the weekend while maintenance is carried out.…
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Recorded Seminars Available from 2020 Tax Forums
The Internal Revenue Service has made some 18 new seminars available that were originally recorded during the 2020 Nationwide Tax Forums.…
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IRS Adds New Tech to Balance-Due Notices
It’s a first for the Internal Revenue Service. The agency is adding barcode technology to the printed notices that are sent to millions of taxpayers that let them know they owe Uncle Sam money.…
Curtain is Set to Come Down on 2020 Tax Season
Taxpayers who filed an extension are reminded that the deadline to file their 2019 taxes is looming. Oct. 15 is the deadline to file those tax returns.…
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Non-Filer EIP Deadline Now November 21
Americans who don’t normally file a tax return now have more time to apply for an Economic Impact Payment (EIP). The Internal Revenue Service this week announced that the deadline for non-filers to send EIP-qualifying information has been extended to November 21, 2020.…
John McAfee Indicted for Tax Evasion
Cybersecurity pioneer and crypto promoter John McAfee can now add another title to his job description: defendant.…
