News & Updates

IRS updates tax gap projections for 2020, 2021; projected annual gap rises to $688 billion

IRS issues guidance for the transfer of clean vehicle credits and updates frequently asked questions

IRS warns taxpayers of improper art donation deduction promotions; highlights common red flags

IRS: Taxpayers impacted by seawater intrusion in parts of Louisiana qualify for tax relief; various deadlines postponed to Feb. 15

Oct. 16 tax filing extension deadline nears for millions of taxpayers

IRS delivers new capabilities to Tax Pro Account; latest expansion part of effort to improve technology, tools to help tax professionals serve clients

IRS provides guidance on employer leave-based donation programs that aid victims of the wildfires in Hawaii

IRS extends relief to farmers and ranchers in 49 states, other areas impacted by drought; more time to replace livestock

IRS: Builders of qualified new energy efficient homes may qualify for an expanded tax credit under Section 45L

IRS expands use of chatbots to help answer questions on key notices; expands on technology that’s served 13 million taxpayers

IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15

IRS to establish special pass-through organization to help with high-income compliance efforts; new workgroup to blend current employees and new hires to focus on complex partnerships, other key areas

IRS, Electronic Tax Administration Advisory Committee select 8 new members

IRS reminder to storm victims in 3 states: File and pay by Oct. 16; most of California, parts of Alabama and Georgia affected

IRS requests comments on expanding tax certainty and issue resolution programs for business taxpayers

IRS looks to hire 3,700 employees nationwide to help expand compliance for large corporations and complex partnerships; experienced accountants encouraged to apply for Revenue Agent positions

To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros

Red flags for Employee Retention Credit claims; IRS reminds businesses to watch out for warning signs of aggressive promotion that can mislead people into making improper ERC claims

IRS: Georgia taxpayers impacted by Idalia qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15

IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books