The Internal Revenue Service plans to correct penalties mistakenly levied on employers who reduced their tax deposits because they expected to claim some of the new tax credits to which they’re entitled.
The Internal Revenue Service agreed to quit warnings about unpaid taxes while it works through millions of pieces of unopened mail that have accumulated during the pandemic.
The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season.
Most of the Top 100 CPA firms reportedly are showing significant increases in revenue in their SUT practices.
The Democratic presidential nominee Joe Biden expressed optimism and hope about overcoming the economic crisis and other challenges during his acceptance speech at the virtual Democratic National Convention.
The Internal Revenue Service projects that lower levels of employment in the U.S. could persist for years, showcasing the economic fallout of the coronavirus pandemic.
House Ways and Means Chair Richard Neal wants the IRS to quit sending balance due notices for now.
The U.S. Chamber of Commerce and other organizations are sounding the alarm about the impact of President Trump’s order.
The Internal Revenue Service and the Treasury plan to send interest payments averaging $18 to approximately 13.9 million taxpayers.
The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.