Tax season

After coming under pressure from an array of tax and accounting professional associations and hundreds of members of Congress, the Internal Revenue Service said Thursday it would suspend issuance of some of its automated penalty notices to taxpayers, but tax and accounting groups say the agency isn’t providing enough relief.

The service is under pressure from lawmakers to stop penalties and pause automated collections from taxpayers who have been caught in a processing backlog.

While there's much that remains uncertain, there are a host of complications we can already identify.

Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn.

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

A revamped version of the ChildTaxCredit.gov site adds new features to help with filing taxes and accessing the full amount of unpaid credits.

The service faces a backlog of millions of unprocessed tax returns, and warned taxpayers and preparers to be patient.

Families claiming the Child Tax Credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.

Mark Steber of Jackson Hewitt discusses the tax prep chain's flat-fee offering, what tax season's going to look like, and the future of tax prep.

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early.

The Internal Revenue Service has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to a third-party service, ID.me.

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges.

The groups want the service to reduce unnecessary burdens on taxpayers and tax preparers.

Bumps ahead; Airbnb risks; the case for the CTC; and other highlights from our favorite tax bloggers.

The Internal Revenue Service added more information on the Recovery Rebate Credit, providing extra details on its Frequently Answered Questions document about finding the first Economic Impact Payment amounts to calculate the credit.

The Internal Revenue Service made its Free File program available on Friday, allowing taxpayers who earn less than $73,000 in adjusted gross income to start preparing and filing their tax returns for free.

The tax prep chain is looking to compete in the online tax prep space against H&R Block and Intuit.

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year.

National Taxpayer Advocate Erin Collins expressed deep concerns Wednesday about the upcoming tax filing season in her annual report to Congress on the 2021 filing season.