Tax Blog

Tips to help you prepare for tax season

IRS Unveils New Relief for COVID-19 Retirement Borrowers

IRS Unveils New Relief for COVID-19 Retirement Borrowers

The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new relief.… Read more about IRS Unveils New Relief for COVID-19 Retirement Borrowers (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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IRS Says Modernized e-File Unavailable During Extended Maintenance

IRS Says Modernized e-File Unavailable During Extended Maintenance

Tax professionals planning to use the IRS Modernized e-File (MeF) system this weekend to file a stack of returns for their clients may have to send them to the Internal Revenue Service at a different time. The… Read more about IRS Says Modernized e-File Unavailable During Extended Maintenance (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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TIGTA Says IRS Should Act on Preparers with Overdue Returns, Debts

TIGTA Says IRS Should Act on Preparers with Overdue Returns, Debts

A new report from the Treasury Inspector General for Tax Administration (TIGTA) finds that a number of tax preparers are themselves classified as non-compliant, but in many cases, the Internal Revenue Service has not acted to recoup the outstanding tax due.… Read more about TIGTA Says IRS Should Act on Preparers with Overdue Returns, Debts (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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Treasury Updates PPP Regulations

Treasury Updates PPP Regulations

Before the ink dried on the latest COVID-relief legislation, tax pros and small business owners alike had questions about the Paycheck Protection Program Flexibility Act. Despite being designed to expand access to the PPP loan, the bill included a change that seemed to eliminate partial loan forgiveness.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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AICPA Seeks Permanent Guidance on e-Signatures

AICPA Seeks Permanent Guidance on e-Signatures

While the pandemic has led the IRS to temporarily allow its employees to accept e-signatures on documents related to examination and collection of tax liabilities, AICPA believes the IRS should expand e-signature relief and make it permanent.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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