Making the 1040-X an electronically filed form has been a goal of the IRS for a number of years. It's also been an ongoing request from the nation's tax professional community and has been a continuing recommendation from the Internal Revenue Service ...
Under the proposed regulation for 2021 and future calendar years, the Treasury Department and the IRS will provide the rules and procedures for determining the default rate of withholding on periodic payments when a taxpayer has no withholding ...
Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of which taxpayers received a debit card was made by the Bureau of the Fiscal Service, a part of the Treasury ...
The Treasury Department and the IRS are providing relief for taxpayers developing renewable energy projects and producing electricity from sources such as wind, biomass, geothermal, landfill gas, trash, and hydropower.
The final regulations reflect statutory amendments and certain grants of reporting relief announced by the Treasury Department and the IRS in prior guidance to help many tax-exempt organizations generally find the reporting requirements in one place.
Appeals is independent of the IRS compliance functions, including the examination and collection functions that make tax assessments and initiate collection actions. Appeals’ mission is to resolve tax controversies without litigation on a basis that ...
The European Commission (EC) recently moved to postpone the implementation of new value added tax (VAT) e-commerce regulations by six months. While that might be a relief for businesses across the globe fighting to stay solvent during the coronavirus ...
For the past 30 summers, the IRS Nationwide Tax Forums have been the IRS' marquee outreach event to the tax professional community. In past years, these forums were scheduled to take place in six cities around the country this summer.