Tax relief

Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.

The service warned Thursday of an issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief.

The IRS has moved a number of filing and payment deadlines.

The IRS is giving those affected by recent wildfires and floods extra time to file.

Fraud or improper payments accounted for more than $90 billion of the government’s emergency aid for the unemployed and small businesses.

America’s poorest families are using new child benefits in large measure to climb out of debt, much of it likely accumulated during the pandemic.

The IRS is giving those impacted by the hurricane until the new year to file various returns and make payments.

As a tax accountant, it is your job to help your clients track their payments online and receive the money as soon as possible.

The Internal Revenue Service added a new feature Friday to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments.

The American Institute of CPAs has written a letter to the Internal Revenue Service requesting more flexibility for businesses that needed to get rid of extra inventory during the COVID-19 pandemic.