Tax forms

Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package.

Companies and their advisors will want to make sure they're up on what's reported on the form, how it's changing the 1099-MISC, and the state-reporting wrinkles that go along with it, says Janice Krueger of Greatland.

The Internal Revenue Service hasn’t been pursuing cases involving hundreds of billions of dollars in income from individuals and businesses whose income has been showing up in Form 1099-K information returns, but has been otherwise unreported.

The Internal Revenue Service issued a revised Form 1024-A Tuesday, along with instructions permitting it to be filed electronically.

The Internal Revenue Service is extending until June 30, 2021 the period in which it will accept digitally signed and emailed documents due to the COVID-19 pandemic.

Stephen Mankowski of NCCPAP shares the service’s latest initiatives to prepare for 2021.

Consider acting swiftly to correct international tax form mistakes.

The Internal Revenue Service has posted instructions for both employers and employees about how to handle the Form W-2 reporting for the payroll tax deferral under President Trump’s executive action.

The Internal Revenue Service said Friday it would restart issuing its 500 series of balance-due notices to taxpayers later this month after they were paused on May 9 due to the COVID-19 pandemic.

The Internal Revenue Service is now allowing tax advisors and taxpayers to fax the Form 8918, Material Advisor Disclosure Statement, as part of its response to the novel coronavirus pandemic.

The Internal Revenue Service released an early draft of the instructions with revised directions for how partnerships should report capital accounts and tax basis capital for partners on Schedule K-1.

The Internal Revenue Service is giving taxpayers until the end of the year before it stops its temporary procedures for faxing in Forms 1045 and 1139 for claiming tentative tax refunds.

The technology is aimed at helping taxpayers navigate the agency’s website.

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.