PPP Flexibility Act, Virtual Tax Forums, and Filing Stats – E46
Learn about the latest developments for the Payroll Protection Program, IRS Nationwide Tax Forums, and Forms 1040-X.…
Retirement Plan Participants Can Now Sign Elections Remotely
The Internal Revenue Service is temporarily allowing taxpayers who participate in certain retirement plans—or their beneficiaries—to make participant elections electronically.…
What Did Tax Pros Say About Virtual Tax Forums?
The Internal Revenue Service recently announced more than two dozen upcoming webinars that will replace the in-person IRS Nationwide Tax Forum events.…
TIGTA Finds Lapse in High-Income Nonfiler Audits
This audit looked specifically at whether the IRS is effectively addressing high-income nonfilers and if the agency’s new nonfiler strategy includes wealthy nonfilers.…
IRS Unveils Proposed Regulations for Carbon Capture Credits
The Internal Revenue Service and the Treasury Department have issued proposed regulations to help businesses navigate new carbon capture credits.…
IRS Announces E-File Support for Form 1040-X
If you would prefer to electronically file the stack of Forms 1040-X sitting on your desk, the Internal Revenue Service has some good news.…
IRS Issues Guidance on Renewable Energy Projects, Retirement Withholding
The Internal Revenue Service has issued rules and guidance covering two disparate tax areas: renewable energy and retirement payments.…
Delayed Deadline Lets Tax Filings Lag
When the Internal Revenue Service moved the 2020 deadline for filing individual income tax returns from April 15 to July 15, it apparently also gave millions of taxpayers a green light to wait until the last minute to file their taxes.…
PPP Loan Forgiveness, Coronavirus Scams, EIP Cards, and More - E45
This episode of the Taxing Subjects Podcast covers recent announcements about Economic Impact Payments, the Paycheck Protection Program, coronavirus scams, and more.…
IRS Updates Economic Impact Payment Statistics
The Treasury Department has issued an additional $41 billion in Economic Impact Payments since May 8, 2020.…
