Procedures are available for individuals not otherwise required to file a return to claim three common tax credits.
The AICPA and a coalition of organizations representing tax practitioners reiterated their call for taxpayer relief from penalties and other compliance actions, given ongoing Internal Revenue Service problems.
Final and proposed regulations cover PFIC and CFC stock held through domestic partnerships and S corporations.
Prior guidance on Tax Court jurisdiction over IRS determinations of employee vs. independent contractor status is modified and superseded.
A diverse group calls upon Internal Revenue Service to take steps to mitigate its service issues.
Economic impact payments taxpayers received during the tax year must be netted against a tax credit on 2021 returns.
Erin Collins’ Annual Report to Congress for 2021 portrays an IRS beset by insufficient resources to meet overwhelming demands.
FAQs on the Service’s website are updated for preparing 2021 returns.
Continuing problems in timely processing of returns and correspondence may threaten more headaches.
The IRS announced the start date for tax season and that the due date for most individuals is April 18.