IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Identity Fraud and Theft Increased Ahead of Tax Season: Report
By Michael S. FischerFraudulent creation of new credit and loan accounts rose 61% from 2020 to 2021, Allstate Identity Protection found.
February 16, 2022
Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022The IRA and tax whiz offers guidance for advisors dealing with legislative uncertainty, RMD changes and other challenges.
February 10, 2022
Does Your Client Need to Repay Advance Child Tax Credits for 2021?The IRS has been updating its FAQ on the tax credit frequently, and the details are important.
February 08, 2022
IRS Reminds Taxpayers of American Rescue Plan BenefitsThey include a new deduction for charitable gifts and the rebate for those who missed 2021's third stimulus payments.
February 07, 2022
IRS to End Use of Facial Recognition on Tax AccountsResearch has shown that AI-driven facial recognition software often makes mistakes with darker-skinned people.
February 01, 2022
Ed Slott: Child Tax Credit Is 'a Mess!'"Some people may end up paying a tax pro more than the credit!" Slott said as the IRS released new guidance on the advance payments.
January 27, 2022
Senators Press Yellen to Boost IRS FundingSen. Elizabeth Warren and others want at least a14% increase in yearly IRS funding and $80 billion invested in the agency over 10 years.
January 24, 2022
IRS Issues Warning on First Day of Tax Filing SeasonTake special care this year due to several critical tax law changes that took place in 2021, the commissioner said.