IRS: Retroactive Tax Benefits Help Many People Now Preparing 2020 Returns
WASHINGTON, D.C. — The Internal Revenue Service is providing an overview of some of the key tax provisions in the American Rescue Plan Act.
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IRS Free File Can Help People with No Filing Requirement Find Overlooked Tax Credits, Get a Refund
WASHINGTON, D.C. — The Internal Revenue Service is urging low- and moderate-income individuals and families, especially those who don’t normally file a tax return, to use IRS Free File to …
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Emergency Aid Granted to Students Due to COVID Are Not Taxable
WASHINGTON, D.C. — The Internal Revenue Service issued frequently asked questions this week on how students and higher education institutions should report pandemic-related emergency financial aid grants.
Read MoreHow Self-employed Individuals Can Claim COVID-19 Sick and Family Leave Tax Credits
WASHINGTON, D.C. — The Internal Revenue Service announced that a new form is available for eligible self-employed individuals to claim sick and family leave tax credits under the Families First Coronavirus …
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Last-Minute Changes To Tax Laws Included in IRS Forms and Instructions
WASHINGTON, D.C. — The Internal Revenue Service is assuring taxpayers and tax professionals that updates to key federal tax forms and instructions are complete and will be available when Americans …
Read MoreGet Ready for Taxes: What’s New and What to Consider When Filing in 2021
WASHINGTON, D.C. — The Internal Revenue Service is encouraging taxpayers to take necessary actions in the final weeks of the year to help file federal tax returns timely and accurately …
Read MoreIRS Issues Final Regulations for the Rehabilitation Credit
WASHINGTON, D.C. — The Internal Revenue Service today issued final regulation for taxpayers who claim the rehabilitation credit.
Read MoreIRS Grants Additional Relief for Rehabilitation Credit Deadlines
WASHINGTON, D.C. — Because of the burdens the COVID-19 pandemic has placed on taxpayers claiming the rehabilitation credit, the Internal Revenue Service issued Notice 2020-58 that provides additional relief to taxpayers …
Read MoreIRS Reminds Members of the U.S. Armed Forces of Special Tax Breaks, Helpful Resources
WASHINGTON, D.C. — The Internal Revenue Service is encouraging members of the military and their families to learn more about the special tax benefits available to them as the July …
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