American agriculture is in the grip of a major drought, with many farmers and ranchers forced to sell off major portions of their herds to avoid starvation.…
Read more about Drought-Stricken Farmers, Ranchers Get Tax Relief from IRS
Anyone who has prepared tax returns professionally knows that change is the rule, not the exception. When tax laws change, the Internal Revenue Service has the unenviable task of making sense of legislation or executive actions that directly impact the tax industry.…
More than 150 million tax returns have been sent to the Internal Revenue Service, but many taxpayers still need to file for tax year 2019. That’s why the IRS recently reminded taxpayers that the extension deadline is less than a month away.…
Read more about IRS Reminds Taxpayers About Extension Deadline
Some nine million letters are being sent later this month in a special mailing to people who haven’t had a need to file a tax return but may qualify for a Economic Impact Payment (EIP).…
Read more about IRS Readies Nine Million Letters to Non-Filers on EIPs
Many Oregon taxpayers are dealing with the damage caused by recent wildfires and severe storms. While victims have been forced to flee their homes beneath a smoky, orange sky, at least they have one less thing to worry about: The looming October 15 tax extension deadline.…
Read more about New Extension Deadline for Oregon Wildfire Victims
The Internal Revenue Service says it’s continuing to look for ways to assist taxpayers taxpayers who’ve been affected by the COVID-19 pandemic. To that end, the agency is reminding taxpayers and tax…
Read more about Requests for Letter Rulings Expedited by IRS
The Internal Revenue Service has followed through on its promise to add digital signature capability to more tax forms, enabling an additional six forms to use the feature.…
Read more about More Forms Get Digital Signature OK from IRS
The Internal Revenue Service has good news for practitioners and taxpayers who speak a language other than English: Tax information and assistance is being translated into more languages than before.…
The Internal Revenue Service says it will start sending out letters this month to a group of taxpayers that may have missed out on receiving Economic Impact Payments (EIPs).…
When the Internal Revenue Service announced this summer, it was temporarily expanding the use of e-signatures on IRS forms, a number of professional tax groups applauded.…
