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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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.…
Read more about Treasury Says SBA Has Simpler Forgiveness Application for Certain PPP Loans
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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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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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.…
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.…
Read more about Curtain is Set to Come Down on 2020 Tax Season
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.…
Cybersecurity pioneer and crypto promoter John McAfee can now add another title to his job description: defendant.…
As we’ve mentioned before, the Internal Revenue Service has been fighting abusive tax shelters that use syndicated conservation easements as their main vehicle. More details have now been released on how their prosecution may unfold.…
Read more about IRS Gives Details on Syndicated Conservation Easement Settlements
Achieving a Better Life Experience (ABLE) accounts now have final regulations from the Internal Revenue Service. Published last Thursday, this is the latest in a series of recently published final regulations that address changes to programs and rules affected by the 2017 Tax Cuts and Jobs Act.…
Read more about IRS Announces ABLE Account Final Regulations
