New Data Book Has Revamped, Expanded Format
The Internal Revenue Service has pulled the wraps off its newest Data Book, and it has a different look and some new data.…
Drake Software Online Training and More – E47
Drake Software Director of Education Christine Reynolds and Drake Software Sales Representative Byron McClure discuss how Drake is handling training and demonstrations during the pandemic.…
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Audits Slashed During IRS Pandemic Shutdown
The office closures suffered by the Internal Revenue Service during the opening weeks of the coronavirus pandemic lead to a near shutdown of the agency’s audit program, a new report suggests.…
IRS Not Pushing Back July 15 Deadline
The Internal Revenue Service has some bad news for taxpayers hoping that the tax filing and payment deadlines would get pushed back again.…
IRS Processing CAF Requests, Reducing Backlog
The Internal Revenue Service last Thursday announced that it is beginning to process Centralized Authorization File requests, like Forms 2848 and 8821.…
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New National Taxpayer Advocate Issues First Report to Congress
Erin M. Collins, the nation’s new National Taxpayer Advocate, has issued her first report to Congress, which details the series of challenges—some met, some unmet—faced by the IRS this year.…
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ETAAC Calls for Fully Funding IRS
A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request.…
More Tax Relief for Tornado Victims
The Internal Revenue Service is giving tornado, thunderstorm and flooding victims in three states extra time to file their various tax returns and make tax payments.Severe storms raked parts of…
IRS Unveils New Relief for COVID-19 Retirement Borrowers
The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new relief.…
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