Tax relief

Newly released IR-2022-89 can help business clients avoid tax trouble.

The Internal Revenue Service is providing guidance on how employers and employees can help Ukraine while also qualifying for tax relief on the donation program.

The service has updated its FAQ on the 2021 Earned Income Tax Credit, with new information on using prior tax years to calculate it.

The service also failed to issue $80 million in payments to eligible individuals, according to a new report from TIGTA.

The IRS is easing deadlines for those impacted by wildfires and straight-line winds since April 5.

The Internal Revenue Service revised its answers to frequently asked questions on the Child Tax Credit, adding a new set of six commonly asked filing season questions.

A federal judge blocked recovery of any pandemic relief funds from Texas, Louisiana or Mississippi if those states use the aid to offset state tax revenue shortfalls.

The Internal Revenue Service updated its frequently asked questions page on how tax professionals should deal with the third round of Economic Impact Payments for their clients.

The Internal Revenue Service updated its frequently asked questions page with new and updated information about the exclusion provided under the American Rescue Plan Act of 2021 of up to $10,200 in unemployment income for 2020.

Lawmakers are asking the Internal Revenue Service to expedite the processing of Employee Retention Tax Credits and not to penalize small businesses for incorrectly paying their estimated quarterly taxes as they await their claims.