Tax relief

The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.

The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations.

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The Internal Revenue Service has granted relief in FEMA-designated areas.

Rev. Proc. 2019-40 will limit the inquiries some U.S. taxpayers have to face.

Some expatriates who have relinquished their U.S. citizenship will have the chance to comply with their U.S. tax and filing obligations and in turn qualify for relief from back taxes, penalties and interest.

With the storm threatening to hit the state of Florida after passing through parts of Puerto Rico and the Virgin Islands, the IRS sent a reminder Thursday.

The Internal Revenue Service is automatically waiving the estimated tax penalty for hundreds of thousands of eligible taxpayers.

Olson delivered what is likely to be her final public speech Friday before retiring at the end of July from nearly 19 years of running the Taxpayer Advocate Service.

A U.S. House committee approved a package of bills that provide tax breaks for a variety of select industries and constituencies, kicking off what’s likely to be a protracted negotiation with Senate Republicans over whether and how to pay for them.

Congress is considering plenty of bills -- how many will be passed is another question.

As long as the necessary payments or deposits were made on a timely basis, reporting deadlines will be extended, according to the IRS.

Some taxpayers affected by the severe winter weather and flooding in those states are being granted additional time to file.

The Internal Revenue Service issued a warning Friday to taxpayers who haven’t yet filed their 2018 tax returns.

Lawmakers in the House and Senate have introduced bipartisan legislation to give the Internal Revenue Service more authority to provide tax relief for taxpayers who have to make tax payments or file their taxes after a state-declared natural disaster occurs near the deadline.

The American Institute of CPAs dispatched hundreds of CPAs to lobby their state and local lawmakers on Capitol Hill this week in conjunction with the AICPA’s Spring Meeting of Council in Washington, D.C.

The service offered instructions on how to claim an extension, among other things.

The Internal Revenue Service is searching for a new National Taxpayer Advocate, who will be succeeding longtime Taxpayer Advocate Service leader Nina Olson.

Wolters Kluwer is working with state agencies to obtain similar relief.

Republican and Democratic lawmakers in the Senate and House have teamed up to introduce bipartisan legislation to assist tax-exempt cooperative organizations.