Tax relief

Victims of Hurricane Ida in six states now have until Feb. 15 to file various individual and business federal returns and make tax payments.

The IRS is now offering later deadlines to more areas hit by storms, tornadoes and flooding.

The IRS has extended filing and payment deadlines for them until May 16.

The service agreed to ease its policies for low-income taxpayers who are trying to settle their tax debts and still get tax refunds.

The service is sending notices to taxpayers who deferred their Social Security taxes last year, reminding them that half the taxes will be due by the end of this year.

The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state.

The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases.

The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal 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.