IRS, Treasury disburse 2 million more Economic Impact Payments under the American Rescue Plan; VA beneficiaries bring total to approximately 159 million as payments continue

IR-2021-86, April 14, 2021 — Today, the Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing nearly 2 million payments in the fifth batch of Economic Impact Payments from the American Rescue Plan. 

IRS Free File can help people who have no filing requirement find overlooked tax credits and get a refund

IR-2021-85, April 13, 2021 — The Internal Revenue Service today urged low- and moderate-income individuals and families, especially those who don’t normally file a tax return, to use IRS Free File  to prepare their own federal tax return, e-file it and get a refund – all for free.

IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit; those claiming net Premium Tax Credit must file Form 8962

IR-2021-84, April 9, 2021 — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium Tax Credit (excess APTC) for tax year 2020. 

IRS reminds foreign bank and financial account holders the FBAR deadline remains April 15 

IR-2021-83, April 9, 2021 — The Internal Revenue Service is reminding U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.

IRS urges participants of abusive micro-captive insurance arrangements to exit from arrangements

IR-2021-82, April 9, 2021 — Internal Revenue Service officials today urged participants in abusive micro-captive insurance arrangements to exit these transactions as soon as possible.

IRS reminds U.S. territory residents about U.S. income tax rules relating to pandemic unemployment compensation

IR-2021-81, April 8, 2021 — The Internal Revenue Service reminds eligible residents of the U.S. territories that if they receive unemployment compensation payments that are otherwise subject to U.S. income tax, they may be eligible to exclude up to $10,200 per person of unemployment compensation from U.S. income tax for 2020, following legislation that was passed March 11, 2021. 

IRS announces several key executive changes as agency gears up to implement the Taxpayer First Act

IR-2021-80, April 8, 2021 — The Internal Revenue Service today announced several key leadership appointments as work continues implementing major provisions of the Taxpayer First Act.

Treasury, IRS provide guidance on tax relief for deductions for food or beverages from restaurants

IR-2021-79, April 8, 2021 — The Treasury Department and the Internal Revenue Service today issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. 

IRS reminds taxpayers to make April 15 estimated tax payment 

IR-2021-78, April 8, 2021 — The Internal Revenue Service today reminded self-employed individuals, retirees, investors, businesses, corporations, and others who pay their taxes quarterly that the payment for the first quarter of 2021 is due Thursday, April 15, 2021.

IRS, Treasury disburse 25 million more Economic Impact Payments under the American Rescue Plan

IR-2021-77, April 7, 2021 — Today, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments from the American Rescue Plan.

IRS letters explain why some 2020 Recovery Rebate Credits are different than expected 

IR-2021-76, April 5, 2021 — As people across the country file their 2020 tax returns, some are claiming the 2020 Recovery Rebate Credit (RRC). The IRS is mailing letters to some taxpayers who claimed the 2020 credit and may be getting a different amount than they expected.

IRS has refunds totaling $1.3 billion for people who have not filed a 2017 federal income tax return

IR-2021-75, April 5, 2021 – Unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 Form 1040 federal income tax return, according to the Internal Revenue Service.

IRS provides guidance for employers claiming the Employee Retention Credit for first two quarters of 2021

IR-2021-74, April 2, 2021 — The Internal Revenue Service today issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act).

Join the Taxpayer Advocacy Panel and help improve the IRS; apply by May 14

IR-2021-73, April 2, 2021 — The Internal Revenue Service today announced it is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP).

IRS, Treasury disburse more Economic Impact Payments under the American Rescue Plan; total tops 130 million with more to come

IR-2021-72, April 1, 2021 — Today, the Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan.

IRS to recalculate taxes on unemployment benefits; refunds to start in May 

IR-2021-71, March 31, 2021 — To help taxpayers, the Internal Revenue Service announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.

Emergency aid granted to students due to COVID is not taxable

IR-2021-70, March 30, 2021 — The Internal Revenue Service issued frequently asked questions today on how students and higher education institutions should report pandemic-related emergency financial aid grants. 

IRS projects stimulus payments to non-filer Social Security and other federal beneficiaries will be disbursed later this week

IR-2021-69, March 30, 2021 —  As work continues on issuing millions of Economic Impact Payments to Americans, the Internal Revenue Service and Treasury Department announced today that they anticipate payments will begin to be issued this weekend to Social Security recipients and other federal beneficiaries who do not normally file a tax return, with the projection that the majority of these payments would be sent electronically and received on April 7.

IRS warns university students and staff of impersonation email scam

IR-2021-68, March 30, 2021 — The Internal Revenue Service today warned of an ongoing IRS-impersonation scam that appears to primarily target educational institutions, including students and staff who have “.edu” email addresses. 

IRS extends additional tax deadlines for individuals to May 17

IR-2021-67, March 29, 2021 — The Internal Revenue Service today announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund.

Face masks and other personal protective equipment to prevent the spread of COVID-19 are tax deductible 

IR-2021-66, March 26, 2021 — The Internal Revenue Service issued Announcement 2021-7 today clarifying that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses. 

IRS Criminal Investigation (CI) pledges continued commitment to investigating COVID-19 fraud as CARES Act reaches one-year anniversary

IR-2021-65, March 25, 2021 — The Internal Revenue Service’s Criminal Investigation Division (IRS-CI) marks the one-year anniversary of the Coronavirus Aid, Relief and Economic Security (CARES) Act by pledging its continued commitment to investigating COVID-19 fraud.

J5 countries host ‘Challenge’ aimed at FINtech companies

IR-2021-64, March 25, 2021 — The Joint Chiefs of Global Tax Enforcement (J5) brought together investigators, cryptocurrency experts and data scientists in a coordinated push to track down individuals and organizations perpetrating tax crimes around the world this week. 

IRS, Treasury disburse another 37 million Economic Impact Payments from the American Rescue Plan

IR-2021-63, March 24, 2021 — Today, the Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing approximately 37 million payments in the second batch of Economic Impact Payments from the American Rescue Plan.

More Economic Impact Payments set for disbursement in coming days; taxpayers should watch mail for paper checks, debit cards

IR-2021-62, March 22, 2021 — The Internal Revenue Service announced today that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card.

IRS Office of Chief Counsel unveils National Virtual Settlement Days effort this year to reach more taxpayers in more parts of the nation 

IR-2021-61, March 18, 2021 — The Internal Revenue Service Office of Chief Counsel has embarked on its most far-reaching Settlement Days program ever, declaring the month of March 2021 as “National Settlement Month.”

Tax Time Guide: Use the Where’s My Refund? tool or IRS2Go app to check tax refund status

IR-2021-60, March 18, 2021 — The Internal Revenue Service today reminds taxpayers that the most convenient way to check on a tax refund is by using the Where’s My Refund? tool at IRS.gov or through the IRS2Go Mobile App. 

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

IRS, Treasury disbursed 90 million Economic Impact Payments from the American Rescue Plan

IR-2021-58, March 17, 2021 — Today, the Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they disbursed approximately 90 million Economic Impact Payments from the American Rescue Plan. 

Tax Time Guide: IRS reminds taxpayers of recent changes to retirement plans 

IR-2021-57, March 16, 2021 — The Internal Revenue Service today reminded taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts.

IRS expands help to taxpayers in multiple languages with new forms, communication preferences

IR-2021-56, March 16, 2021 — The Internal Revenue Service today said that it continues its efforts to expand ways to communicate to taxpayers who prefer to get information in other languages.

Low Income Taxpayer Clinic 2021 supplemental application period now open 

IR-2021-55, March 15, 2021 — The Internal Revenue Service today announced it will accept applications for an 18-month Low Income Taxpayer Clinic (LITC) matching grant from all qualified organizations. 

IRS begins delivering third round of Economic Impact Payments to Americans

IR-2021-54, March 12, 2021 — The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week.

Tax Time Guide: Get credit for IRA contributions made by April 15 on 2020 tax returns

IR-2021-53, March 11, 2021 — The IRS notes that taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions to their Individual Retirement Arrangement made through April 15, 2021. 

Tax Time Guide: Make protecting tax and financial information a habit

IR-2021-52, March 9, 2021 — The Internal Revenue Service today urged people to continue practicing proper cybersecurity habits by securing computers, phones and other devices.

Tax Time Guide: Make IRS.gov first stop for tax help

IR-2021-51, March 4, 2021 — The Internal Revenue Service reminds taxpayers that its website, IRS.gov, continues to be the first and best place for people seeking information and assistance on their federal taxes.

Interest rates remain the same for the second quarter of 2021

IR-2021-50, March 2, 2021 — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2021. 

Tax Time Guide: Didn’t get Economic Impact Payments? Check eligibility for Recovery Rebate Credit

IR-2021-49, March 2, 2021 — The Internal Revenue Service reminds first-time filers and those who usually don’t have a federal filing requirement to consider filing a 2020 tax return. 

IRS provides guidance for employers claiming the Employee Retention Credit for 2020, including eligibility rules for PPP borrowers 

IR-2021-48, March 1, 2021 — The Internal Revenue Service today issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act), for calendar quarters in 2020.

IRS reminds businesses to report large cash transactions; e-file encouraged

IR-2021-47, February 26, 2021 — The IRS today reminds businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000, and encourages e-filing to help them file accurate, complete forms.

Tax Time Guide: Select a tax return preparer with care

IR-2021-46, February 25, 2021 — The Internal Revenue Service today reminded taxpayers to choose a tax return preparer with care. Even though the vast majority of tax return preparers provide honest, quality service, some cause great harm through fraud, identity theft and other scams every year.

IRS issues alert on improper corporate domestic production activities deduction refund claims

IR-2021-45, February 25, 2021 — IRS officials issued an alert today concerning amended returns and claims for the Domestic Production Activities Deduction.

Tax Time Guide: How to do taxes for free and get refunds fast

IR-2021-44, February 23, 2021 — During this tax season when many people are trying to stay safe at home, the Internal Revenue Service reminds taxpayers about ways to do their taxes for free online or with help from volunteers.

Victims of Texas winter storms get deadline extensions and other tax relief

IR-2021-43, February 22, 2021 — Victims of this month’s winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

IRS reminds farmers and fishers of March 1 tax deadline

IR-2021-42, February 19, 2021 — The Internal Revenue Service is reminding those with income from a farming or fishing business that they can avoid making any estimated tax payments by filing and paying their entire tax due on or before March 1.

Low Income Taxpayer Clinics represented over 20,000 taxpayers dealing with an IRS tax controversy; see the latest program report and the 2021 LITC grant recipient list

IR-2021-41, February 19, 2021 — The Internal Revenue Service's Low Income Taxpayer Clinic (LITC) Program office today announced highlights from its 2020 annual report, featuring successful taxpayer outreach to thousands of taxpayers.

New law provides additional flexibility for health FSAs and dependent care assistance programs

IR-2021-40, February 18, 2021 — The Internal Revenue Service today provided greater flexibility, due to the pandemic, to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs.

Twenty-four new members join the 2021 Taxpayer Advocacy Panel

IR-2021-39, February 18, 2021 — The Internal Revenue Service recommended, and the Department of the Treasury has approved, the selection of 24 new members to serve on the Taxpayer Advocacy Panel for 2021.

As required by law, all first and second Economic Impact Payments issued; eligible people can claim Recovery Rebate Credit

IR-2021-38, February 16, 2021 — The IRS announced today that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season.

Register now for free Feb. 18 IRS webinar on how to choose a tax professional

IR-2021-37, February 12, 2021 — The Internal Revenue Service will hold a free webinar, “How to Choose a Tax Pro,” on Thursday, February 18 at 2 p.m. Eastern time.

Get ready for tax season using IRS Online Account

IR-2021-36, February 11, 2021 — The Internal Revenue Service today reminded taxpayers they can securely access their IRS account information through their individual online account.

Avoid pandemic paper delays: Use e-file with direct deposit for faster refunds as IRS prepares to open 2020 filing season

IR-2021-35, February 11, 2021 — With filing season opening on February 12, the Internal Revenue Service urged taxpayers to take some simple steps to help ensure they file accurate tax returns and speed their tax refunds to avoid a variety of pandemic-related issues.

IRS, Summit partners issue urgent EFIN scam alert to tax professionals

IR-2021-34, February 10, 2021 — The IRS, state tax agencies and tax industry today warned tax professionals of a new scam email that impersonates the IRS and attempts to steal Electronic Filing Identification Numbers (EFINs).

Double-check for missing or incorrect Forms W-2, 1099 before filing taxes

IR-2021-33, February 9, 2021 — With some areas seeing mail delays, the Internal Revenue Service reminds taxpayers to double-check to make sure they have all of their tax documents, including Forms W-2 and 1099, before filing a tax return.

IRS names Sieger to permanent position of CIO

IR-2021-32, February 9, 2021 — The Internal Revenue Service announced today that Nancy Sieger has been selected as the Chief Information Officer. She has served as acting CIO since June 2019.

New IRS form available for self-employed individuals to claim COVID-19 sick and family leave tax credits under FFCRA

IR-2021-31, February 8, 2021 — The Internal Revenue Service announced today that a new form is available for eligible self-employed individuals to claim sick and family leave tax credits under the Families First Coronavirus Response Act (FFCRA).

Beware of "ghost" preparers who don’t sign tax returns

IR-2021-30, February 5, 2021 — The Internal Revenue Service reminds taxpayers to avoid “ghost” tax return preparers whose refusal to sign returns can cause a frightening array of problems.

IRS names Maloy as director of Taxpayer First Act Office

IR-2021-29, February 5, 2021 — The Internal Revenue Service today named Heather C. Maloy to the position of director, Taxpayer First Act Office. She will report directly to the IRS Commissioner in her new role.

Educators can now deduct out-of-pocket expenses for COVID-19 protective items 

IR-2021-28, February 4, 2021 — Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom.

New law increases deduction limit for corporate cash contributions for disaster relief; IRS provides recordkeeping relief

IR-2021-27, January 29, 2021 — The Internal Revenue Service today explained how corporations may qualify for the new 100% limit for disaster relief contributions and offered a temporary waiver of the recordkeeping requirement for corporations otherwise qualifying for the increased limit.

IRS updates FAQs on paid sick leave credit and family leave credit 

IR-2021-26, January 29, 2021 — The Internal Revenue Service today posted updated FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA).

EITC Awareness Day: Critical tax credit provides a significant refund boost to millions

IR-2021-25, January 29, 2021 — The Internal Revenue Service and partners across the nation remind taxpayers about the Earned Income Tax Credit today on “EITC Awareness Day” 2021.

IRS offers guidance to taxpayers on identity theft involving unemployment benefits

IR-2021-24, January 28, 2021 — The Internal Revenue Service today urged taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form.

Important reminders before filing 2020 tax returns

IR-2021-23, January 27, 2021 — Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who are about to file their 2020 federal tax returns.

IRS creates new Chief Taxpayer Experience Officer position; Ken Corbin to lead new focus to improve service to taxpayers

IR-2021-22, January 26, 2021 — As part of a larger effort related to the Taxpayer First Act, the IRS announced today the creation of a new Chief Taxpayer Experience Officer position to help unify and expand efforts across the agency to serve taxpayers.

New law extends COVID tax credit for employers who keep workers on payroll

IR-2021-21, January 26, 2021 — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.

New IRS "Submit Forms 2848 and 8821 Online" offers contact-free signature options for tax pros and clients sending authorization forms

IR-2021-20, January 25, 2021 — The Internal Revenue Service today rolled out a new online option that will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms electronically.

Get a federal tax refund faster with direct deposit

IR-2021-19, January 22, 2021 — The Internal Revenue Service today reminds taxpayers that the fastest way to get their tax refund is by filing electronically and choosing direct deposit.

IRS urges taxpayers to gather tax documents now for smooth filing later

IR-2021-18, January 22, 2021 — The Internal Revenue Service is reminding taxpayers that organizing tax records is an important first step for getting ready to prepare and file their 2020 tax return.

Employers can withhold, make payments of deferred Social Security taxes from 2020

IR-2021-17, January 19, 2021 — The IRS today released Notice 2021-11 addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year.

2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic

IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.

IRS Free File available today; claim Recovery Rebate Credit and other tax credits

IR-2021-15, January 15, 2021 — IRS Free File – online tax preparation products available at no charge – launched today, giving taxpayers an early opportunity to claim credits like the Recovery Rebate Credit and other deductions, the Internal Revenue Service announced.

Businesses have Feb. 1 deadline to provide Forms 1099-MISC and 1099-NEC to recipients

IR-2021-14, January 14, 2021 — The Internal Revenue Service today reminded businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, must be furnished to most recipients by February 1, 2021.

IRS reminds taxpayers to make final estimated tax payment for 2020

IR-2021-13, January 14, 2021 — Taxpayers who paid too little tax during 2020 can still avoid a tax-time bill and possible penalties by making a quarterly estimated tax payment now, directly to the Internal Revenue Service.

IRS selects new IRSAC members for 2021

IR-2021-12, January 13, 2021 — The Internal Revenue Service today announced the appointment of 13 new members to the Internal Revenue Service Advisory Council.

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of COVID-19 and IRS funding needs

IR-2021-11, January 13, 2021 — National Taxpayer Advocate Erin M. Collins today released her 2020 Annual Report to Congress, focusing on the unprecedented challenges taxpayers faced in filing their tax returns and receiving refunds and stimulus payments during a year consumed by the COVID-19 pandemic.

IRS ready for the upcoming tax season; last-minute changes to tax laws included in IRS forms and instructions

IR-2021-10, January 12, 2021 — The Internal Revenue Service today assured taxpayers and tax professionals that updates to key federal tax forms and instructions are complete and will be available when Americans begin filing their tax returns.

All taxpayers now eligible for Identity Protection PINs

IR-2021-09, January 12, 2021 — The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities.

IRS seeks applications for the Electronic Tax Administration Advisory Committee through March 1

IR-2021-08, January 11, 2021 — The Internal Revenue Service is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee.

IRS sends Taxpayer First Act Report to Congress

IR-2021-07, January 11, 2021 — The IRS today sent the Taxpayer First Act Report to Congress, a comprehensive set of recommendations that will reimagine the taxpayer experience, enhance employee training and restructure the organization to increase collaboration and innovation.

Treasury issues millions of second Economic Impact Payments by debit card

IR-2021-06, January 7, 2021 —  Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.

Treasury, IRS provide final regulations to help businesses claim credits for carbon capture 

IR-2021-05, January 6, 2021 — Today the Treasury Department and Internal Revenue Service issued final regulations regarding the credit for qualified carbon oxide captured using carbon capture equipment placed in service on or after February 9, 2018.

Eligible Paycheck Protection Program expenses now deductible

IR-2021-04, January 6, 2021 — The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP).

IRS releases 2020 Progress Update; annual report details unprecedented year

IR-2021-03, January 5, 2021 — The Internal Revenue Service today released its 2020 annual report describing the agency’s work delivering taxpayer service and compliance efforts during COVID-19 while spotlighting actions taken by IRS employees to help people during the challenging year.

IRS revises Form 1024-A, application for Section 501(c)(4) tax-exempt status as part of ongoing efforts to improve service

IR-2021-02, January 5, 2021 — As part of ongoing efforts to improve service for the tax-exempt community, the Internal Revenue Service issued the revised Form 1024-A, Application for Recognition of Exemption Under Section 501(c)(4), and its instructions to allow electronic filing.

Economic Impact Payments on their way, visit IRS.gov instead of calling

IR-2021-01, January 4, 2021 — The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers.

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