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The IRS is reminding individuals and businesses affected by the COVID-19 pandemic that they may qualify for late-filing penalty relief if they file their 2019 and 2020 returns by Sept. 30, 2022.
View MoreThe Treasury Inspector General for Tax Administration recently released an audit report sharing the results of its continued assessment of IRS efforts to address the backlog of tax returns and other related work.
View MoreThe IRS recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan.
View MoreThe IRS recently updated information on the Work Opportunity Tax Credit, available to employers that hire designated categories of workers who face significant barriers to employment.
View MoreIn 2020, the year COVID-19 first attacked the United States, the presidential administration made several attempts to lessen the financial burden on the people – offering stimulus payments, a series of student loan interest and payment pauses, and allowing individuals to make penalty-free early withdrawals from their retirement accounts, to name a few.
View MoreAt a recent visit to a new IRS facility, U.S. Treasury Secretary Janet Yellen spoke on the Biden administration's plans for improving IRS services.
View MoreThe IRS is making its forms, publications and correspondence more accessible to blind and visually disabled taxpayers.
View MoreThe IRS inadvertently posted confidential data for approximately 120,000 taxpayers on its website before discovering the error and removing the information.
View MoreTo help taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, providing penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
View MoreThe Tennessee Department of Revenue recently made updates to several of its tax manuals.
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