Tax relief

An open letter last week expressed bipartisan opposition to proposals to retroactively end the credit before the end of the fourth quarter.

Farmers and ranchers may have another year to defer tax on gains from sales.

The Internal Revenue Service mailed out nearly 90,000 premature notices and demands for overdue taxes to taxpayers last year, even though the filing date had been extended.

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.

The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in underprivileged areas who face significant obstacles to employment for jobs in summer youth and community programs.

The bipartisan infrastructure bill would end a tax break Congress crafted to help businesses struggling during the pandemic but relatively few companies have claimed.

The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.

Democratic leaders want voters in key states to know which party is responsible for the checks Americans with young children are set to start receiving on Thursday.

The Internal Revenue Service is planning to host events this weekend in a dozen cities to help people who usually don’t file a tax return register for monthly Advance Child Tax Credit payments.

The guidance gives renewable energy companies more time to develop projects that were delayed by COVID-19.

The service released a Data Book Thursday highlighting its work this past fiscal year, particularly in response to the pandemic.