IRS

The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness.

But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.

The regs clarify that certain deductions aren’t to be considered miscellaneous itemized deductions.

The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act.

New legislation aims to offer even more help.

Prager Metis launches Latin entertainment group; KPM CPAs hires six; and more CPA news.

The Internal Revenue Service is starting with the customer support area of its Exempt Organizations unit.

Crypto help wanted; PPP and R&D; SEO tips; and other highlights from our favorite tax bloggers.

Final rules have been released for claiming the rehabilitation credit under the Tax Cuts and Jobs Act.

The AICPA believes taxpayers will be able to avoid penalties if they write “COVID-19” at the top of their return.

The site informs cannabis business owners about their tax responsibilities.

It's been a most unusual year for tax pros, and National Conference of CPA Practitioners president Neil Fishman dives into the major issues — and what's to come.

Taxpayers can use the rates to substantiate the expenses they can deduct for lodging, meals and incidental expenses.

Among other things, the IRS is providing the 1040 in Spanish for the first time.

The Internal Revenue Service added six more forms to the 10 that support e-signatures.

The Internal Revenue Service plans to mail out letters later this month to an estimated 9 million non-filers, encouraging them to claim their economic impact payments by an Oct. 15 deadline.

The Internal Revenue Service needs to improve how it handles third-party requests for access to taxpayer information and electronic signatures from representatives such as CPAs, enrolled agents and attorneys that could leave taxpayers at risk of identity theft, according to a new report.

But enough issues remain that employers are not over-enthusiastic about the option, experts say.

Deferring payroll taxes; another way to track EIPs; managing needy clients; and other highlights from our favorite tax bloggers.

ADP's Pete Isberg explains what we know about payroll tax deferral -- and what we don't.