News for Tax Professionals
Learn how paramount accurate and timely news is for tax preparers and discover subject areas to expand your expertise. Read the full blog post by clicking here.…
IRS Updates FAQs on Third-Round Economic Impact Payments
The Internal Revenue Service is going the extra mile to ensure taxpayers have the newest information on the third-round Economic Impact Payment.…
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IRS Updates FAQs on 2020 Unemployment Compensation Exclusion
The Internal Revenue Service has issued a new set of frequently asked questions (FAQs) covering the unemployment compensation exclusion for the 2020 tax year.…
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IRS to Use Voice and Chat Bots
The Internal Revenue Service is relying on technology to help it keep up with its growing need for taxpayer support.…
IRS Highlights Credits for Higher Education
While most things have been getting more expensive lately—gasoline, food, rent, you name it—higher education has been pricey for a long time.…
IRS Reminds Taxpayers About IRA Deadline
With tax season in full swing, the Internal Revenue Service wants taxpayers to be sure they’re not overlooking ways they could lessen their tax liabilities. To take advantage of one method, though, taxpayers have to be fairly quick, because there’s a deadline to meet.…
Farmers, Fishers Face March 1 Tax Deadline
The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.”…
IRS Higher Education Emergency Grants FAQs Updated
The Internal Revenue Service wants college students to be a little smarter when it comes to their scholarships and any emergency grants they may have gotten due to the pandemic.…
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IRS Updates Form 14457 With Eyes to Crypto
The Internal Revenue Service has upped its game in the virtual currency world with a revision of an important reporting form.…
IRS Announces Suspension of Some Letters
The Internal Revenue Service has come to the conclusion that the agency has more on its to-do list than it can get done at one time. Something, they found, had to be “put on the back burner.”…
