News Releases for February 2021

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.

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