Tax relief

The IRS is pushing deadlines out to Feb. 15 for those impacted in Florida.

Those impacted by storms and flooding have until February to file many returns.

The vast majority of advance payments of the CTC went to eligible families, but millions of taxpayers who should have received the money did not, while millions of others who didn't qualify got them.

A group of Republicans on Congress' main tax committees sent a letter to the Internal Revenue Service and the Treasury, backing a request from the AICPA.

In many cases, those impacted by the hurricane will have until Feb. 15 to file.

Following FEMA's disaster declaration, the IRS is pushing back some deadlines to help local taxypayers.

The agency issued billions of dollars in tax refunds to companies claiming net operating losses for prior years after passage of the CARES Act, but did little to examine the claims.

The Internal Revenue Service has been slow in processing employer tax credits and tax refunds that businesses were supposed to receive.

The agency is making progress on its backlog of unprocessed tax returns, as it's asked by the Institute to extend its recent penalty relief through the end of the year.

The tax agency will automatically issue the refunds or credits for most of the fees by the end of September.