A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request.… Read more about ETAAC Calls for Fully Funding IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service is giving tornado, thunderstorm and flooding victims in three states extra time to file their various tax returns and make tax payments.Severe storms raked parts of… Read more about More Tax Relief for Tornado Victims (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new relief.… Read more about IRS Unveils New Relief for COVID-19 Retirement Borrowers (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Tax professionals planning to use the IRS Modernized e-File (MeF) system this weekend to file a stack of returns for their clients may have to send them to the Internal Revenue Service at a different time. The… Read more about IRS Says Modernized e-File Unavailable During Extended Maintenance (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

A new report from the Treasury Inspector General for Tax Administration (TIGTA) finds that a number of tax preparers are themselves classified as non-compliant, but in many cases, the Internal Revenue Service has not acted to recoup the outstanding tax due.… Read more about TIGTA Says IRS Should Act on Preparers with Overdue Returns, Debts (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Before the ink dried on the latest COVID-relief legislation, tax pros and small business owners alike had questions about the Paycheck Protection Program Flexibility Act. Despite being designed to expand access to the PPP loan, the bill included a change that seemed to eliminate partial loan forgiveness.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…