Tax relief

Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy.

The IRS announced a streamlined way for Employee Retention Credit claimants to extend the two-year deadline to file a refund suit after a claim disallowance.

The Internal Revenue Service is offering taxpayers a new option to request more time to review a disallowance of an Employee Retention Credit claim.

Department of Homeland Security staff who are affected by the current shutdown now have until May 15 to file and pay their taxes.

The IRS issued a notice extending temporary relief for another year on using alternative methods for brokers of digital assets, such as cryptocurrency.

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The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.

The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.

The agency incorrectly labeled some taxpayers as hostages when providing tax relief, or failed to remove a special indicator after their release from captivity.

The IRS offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay tax debts.

Impacted taxpayers have until May 1 to file tax returns and make payments.

The bipartisan bill aligns the deadline for claiming prior-year refunds or credits with the extended filing period granted to taxpayers hit by natural disasters.

Congress has passed a bill giving taxpayers who have been affected by natural disasters some extra time to file a claim for a tax credit or refund.

Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.

Borrowers who receive discharges of their student debt under the Income-Driven Repayment program could be facing tax bills as high as $10,000 next year.

The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on the new reporting requirements.

Affected taxpayers in the Dakotas now have a later date for filings and payments.

The Trump administration agreed to procedures for student debt relief so borrowers who have their loans canceled this year don't get hit with a huge tax bill.

Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One Big Beautiful tax bill. 

The Internal Revenue Service is postponing until Sept. 30, 2026, a wide range of deadlines.