IRS Updates
Stay on top of the most recent information from the IRS that can impact your clients.
IRS Will Wipe Away $1.2B in Late Fees From Pandemic
By Laura DavisonThe tax agency will automatically issue the refunds or credits for most of the fees to 1.6 million taxpayers by Sept. 30.
August 22, 2022
Want a Better IRS? Simplify the Tax CodeThe Inflation Reduction Act expands its funding by $80 billion over ten years, but that move raises some serious questions.
August 19, 2022
Who Will the IRS Go After With Its $80B Budget Boost?The Inflation Reduction Act beefs up the IRS, but there's a hot debate over which individuals and income levels it will target.
August 18, 2022
Will $80B Solve the IRS's Problems?There are some complicated issues involved with the agency's new budget boost.
August 18, 2022
Inflation Reduction Act Could Spark Surge in Some Home ImprovementsThe Inflation Reduction Act contains some pleasant surprises for taxpayers interested in making certain changes to their homes.
August 17, 2022
6-Month Timeline for IRS Plan to Target Tax Cheats: YellenNone of the funds will be used to increase enforcement tied to those earning under $400,000 a year, according to a memo.
August 15, 2022
IRS to Hike Interest Rates for Q4A 6% overpayment and underpayment rate will apply to most taxpayers starting Oct. 1.
August 12, 2022
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction ActPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.