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The Internal Revenue Service's backlog is having an impact in many areas, including the handling of noncorporate applications for refund claims on net operating losses.
September 12 -
The agency issued billions of dollars in tax refunds to companies claiming net operating losses for prior years after passage of the CARES Act, but did little to examine the claims.
September 7 -
For anyone who wants a phony pay stub or doctored tax return, sources are readily available online.
April 6 -
The Internal Revenue Service updated its frequently asked questions page on higher education emergency grants for pandemic-related financial aid, with new information for students and educational institutions.
February 15 -
The Internal Revenue Service backlog is adding to long delays in processing carryback refunds of net operating losses claimed by companies during the pandemic.
February 4 -
The resources include articles and checklists that taxpayers and tax professionals can use to prepare for the new year.
December 7 -
The service is sending notices to taxpayers who deferred their Social Security taxes last year, reminding them that half the taxes will be due by the end of this year.
October 29 -
The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases.
October 25 -
Over 500 government entities improperly applied for advance payments of employer tax credits last year during the COVID-19 pandemic and needed to repay them, according to a new report.
July 13 -
Practitioners have plenty of time to advise clients on multiple savings opportunities.
June 28