Tax relief

The service has added more forms, publications and other information in Spanish Braille and other languages.

The Empire State wasn’t the only one to come out ahead, with all 50 states receiving more from the federal government than their residents paid in taxes in fiscal year 2020.

The Internal Revenue Service is providing relief from filing a Schedule K-2 or K-3 information report this year for some partnerships without foreign activities.

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.

The Internal Revenue Service is pointing to some of the successes with pro bono clinics that represented nearly 20,000 taxpayers in 2020 who faced a tax dispute with the agency, despite the pandemic.

The service is setting up so-called “surge teams,” temporarily moving approximately 1,200 employees with previous experience back into key areas from other parts of the agency.

A top House Democrat suggested Thursday that his party scale back eligibility for child tax credits as a way to unlock President Joe Biden’s stalled economic agenda.

After coming under pressure from an array of tax and accounting professional associations and hundreds of members of Congress, the Internal Revenue Service said Thursday it would suspend issuance of some of its automated penalty notices to taxpayers, but tax and accounting groups say the agency isn’t providing enough relief.

The service is under pressure from lawmakers to stop penalties and pause automated collections from taxpayers who have been caught in a processing backlog.

A group of Senate Democrats want the expanded monthly Child Tax Credit payment as the “centerpiece” of any revived tax and spending agenda.