Tax season

Despite ongoing challenges, your practice's busy season doesn’t need to be a disaster.

The service needs to make changes in its management of taxpayer accounts to reduce the backlog of millions of unprocessed tax returns, according to a new report.

Americans are still benefiting from a raft of pandemic relief measures that are contributing to the biggest tax refunds seen at this point in the filing season in more than a decade.

The Internal Revenue Service updated its frequently asked questions page with new and updated information about the exclusion provided under the American Rescue Plan Act of 2021 of up to $10,200 in unemployment income for 2020.

Business owners and accountants alike can look to take advantage of certain deductions and expenses.

Three ways of easing the workload and creating a lighter atmosphere are for everyone to follow the system, improve scheduling, and shift some work from reviewers to preparers.

Internal Revenue Service Commissioner Charles Rettig pledged to do more to improve taxpayer service after Congress approved a $675 million funding increase.

A bipartisan group of 100 lawmakers in the House and Senate wrote a letter to IRS Commissioner Charles Rettig asking him to provide further relief to taxpayers who have been receiving warning notices from the IRS this tax season.

Think you pay too much in taxes? You probably do, if you are like the 46% of Americans who say they’re looking to get a refund check from the IRS this year.

A new report reveals that the service met only 67% of its hiring goals for last year in a key area.

Individual tax return preparation will be revved up going into the last month of tax season.

The accounting industry is suffering and something needs to change.

The service is hiring 5,000 people in the next two months and 10,000 by year's end, and has also added voice and chatbots to help boost taxpayer service.

There’s a glimmer of hope for frustrated taxpayers who have been unable to reach the service or have had their tax refunds held up by massive processing backlogs.

The service updated its FAQ on the Child Tax Credit on Tuesday with new information on eligibility and how to calculate the amount of the credits and payments.

The Internal Revenue Service is planning to increase the enrollment and renewal fees for enrolled agents, as the user fees for examinations are also set to rise.

The Internal Revenue Service posted a set of answers Wednesday to frequently asked questions on the Earned Income Tax Credit.

If you thought last tax season was challenging, brace yourself.

Tax professionals and their clients are dealing with extra challenges this tax season from tax breaks that ended last year and haven’t yet been extended, including the enhanced Child Tax Credit.

Using these seven steps during the busy season will enhance your client experience and boost your revenue.