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irs backlog

IRS & Treasury Working Hard to End Pandemic Backlog

April 19, 2022

Deputy Secretary of the Treasury Wally Adeyemo and IRS Commissioner Charles P. Rettig outlined an aggressive plan to end the backlog. One of the most challenging tax seasons in history, millions […]

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Your Next Call to the IRS Could be Answered by a Bot

April 14, 2022

It has been well documented that the IRS is understaffed and far behind on processing returns. To help answer some of the easier questions from taxpayers, the IRS has announced that […]

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Make Sure You Report All Income on Your Returns

April 12, 2022

Did you drive Uber to make some extra money this year? Or dabble in cryptocurrency? The IRS is reminding taxpayers of reporting and potential tax obligations from working in the gig […]

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check tax refund status

Check Refund Status Online for Quickest Answer

April 6, 2022

It is well documented that the IRS is understaffed, underfunded, and behind on processing returns. So if you want to know the status of your refund, calling them is not […]

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2022 luxury car depreciation

Luxury Auto Depreciation Caps & Lease Inclusion Amounts for 2022

April 4, 2022

The IRS has issued the luxury car depreciation limits for business vehicles placed in service in 2022 as well as the lease inclusion amounts for business vehicles first leased this […]

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irs facial recognition

IRS Backs Off of Facial Recognition Verification

March 17, 2022

The Internal Revenue Service is halting its plans for widespread implementation of a system that would have required taxpayers to use facial recognition and authentication to access services on the […]

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beware phishing scams

Beware of Phishing Schemes or Other Scams

March 12, 2022

Hackers and others looking to separate you from your money seem to be working overtime lately. This time of year always brings an uptick on tax-related hacking attempts. Add to […]

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Treasury Secretary Yellen Recommends Corporate Minimum Tax

March 5, 2022

A corporate minimum tax is needed to provide tax relief to the working and middle class, Department of Treasury Secretary Janet Yellen said. “Over the past several decades, the burden of […]

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Tips from the IRS to Create a Smooth Tax Filing Season

March 5, 2022

The IRS is reminding taxpayers to electronically file accurate tax returns to speed refunds as more than 160 million individual tax returns are expected to be file 2021 tax returns. […]

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Final Regulations Address Foreign Tax Credit Issues

February 24, 2022

The Treasury and IRS have issued final regulations affecting taxpayers that claim credits or deductions for foreign income taxes or claim a deduction for foreign derived intangible income (FDII). The […]

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National Taxpayer Advocate Delivers Annual Report to Congress

February 17, 2022

The National Taxpayer Advocate (NTA), Erin M. Collins, has released her 2021 Annual Report to Congress. The NTA called the calendar year 2021 the most challenging year taxpayers and tax professionals […]

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Deadlines Extended for Low-Income Housing Credit

February 9, 2022

The IRS (in Notice 2022-5) extended several deadlines related to the low-income housing credit, in response to the continuing coronavirus pandemic and precautions necessitated by new disease variants. The extensions […]

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