Tax forms

The Internal Revenue Service is temporarily allowing taxpayers who engage in so-called “reportable transactions,” typically tax shelters, to fax the Form 8886 for initially disclosing them to the IRS instead of mailing in the form.

While transcripts are notorious for being complex, they can be incredibly helpful in the hands of tax professionals who know how to use them.

Regs on retirement-payment withholding updated

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.

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

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.

The IRS has pushed back filing and payment deadlines for affected taxpayers.

The Internal Revenue Service is temporarily allowing the use of digital e-signatures on some forms that can’t be filed electronically.

The Internal Revenue Service plans to send approximately 50,000 “catch-up” economic impact payments.

The Internal Revenue Service agreed to quit warnings about unpaid taxes while it works through millions of pieces of unopened mail that have accumulated during the pandemic.