IRS Issues Child Tax Credit 2021 Filing Season FAQs
The IRS recently released 2021 filing season frequently asked questions on the expanded Child Tax Credit to assist taxpayers in preparing their tax year 2021 tax returns.
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IRS Says Online Accounts Have Most Up-to-Date Advance Child Tax Credit Amounts
The IRS is advising taxpayers to look to their IRS Online Account for the most up-to-date amounts of the advance Child Tax Credit to include on their tax returns instead of the amounts in the letters it has been sending.
View MoreTaxpayer Advocate Coalition Releases Statement on IRS Actions Offering Limited Taxpayer Relief
The Tax Professionals United for Taxpayer Relief Coalition has released a statement in response to recent actions by the IRS to suspend “some notices to taxpayers” for the upcoming tax filing season.
View MoreIRS Launches New Identity Verification Process for Accessing Online Accounts
The IRS has recently implemented a new identity verification process for taxpayers who want to access their online accounts and self-help tools.
View MoreIRS Issues Regulations Affecting Owners of Foreign Stock
The IRS recently issued final regulations (T.D. 9960) regarding the treatment of domestic partnerships for purposes of determining amounts included in the gross income of their partners with respect to foreign corporations.
View MoreTSCPA Joins AICPA in Seeking Support from U.S. Treasury for Tax Filing Relief
TSCPA, in partnership with the AICPA and other state societies, with support from U.S. Representative Sanchez and Representative LaHood and others, is calling on the Treasury and IRS to consider solutions that will help filers bypass the extreme IRS backlog due to the pandemic and make it easier to file timely returns.
View MoreTaxpayer Advocate Service Problem Solving Day to be Held Feb. 2
On Feb. 2 from 8 a.m.-2:30 p.m. CST, the Taxpayer Advocate Service will be available to assist practitioners virtually with client tax problems they have not been able to resolve with the IRS.
View MoreIRS Issues Procedures for Employee Status Determinations
The IRS recently issued Rev. Proc. 2022-13 regarding employee status determinations under Sec. 7436.
View MoreIRS Issues FAQs for 2021 Recovery Rebate Credit
The IRS recently issued frequently asked questions for the 2021 Recovery Rebate Credit.
View MoreNational Taxpayer Advocate Delivers Annual Report to Congress
National Taxpayer Advocate Erin M. Collins recently released her 2021 Annual Report to Congress.
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