IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Finalizes Last Set of 100% Bonus Depreciation Rules
By Melanie WaddellThe deduction applies to property acquired and placed in service after Sept. 27, 2017; IRS also issues regs on estates, non-grantor trusts
August 31, 2020
IRS Issues Payroll Tax Deferral Guidance Amid Widespread CriticismAccounting exec Daniel Morris recommends that employers "don't walk, but run, from this poorly designed program."
August 24, 2020
IRS Provides Tax Relief for California Wildfire VictimsThe news comes as the Golden State faces at least 625 fires statewide being battled by 14,000 firefighters.
August 19, 2020
How the IRS' Tax Backlog Could Affect Your ClientsMany taxpayers are receiving IRS notices for nonpayment of taxes that they already paid. Here's what to do, according to CPAs.
August 17, 2020
IRS Allows Electronic Filing of Form 1040-XIt's one of the last major individual tax forms that needed to be paper filed, the IRS said.
August 14, 2020
IRS Gives Families More Time to Get Their $500-Per-Child Stimulus PaymentsThe agency is trying to correct for glitches that prevented some families from collecting the payment.
July 29, 2020
IRS Issues Final Regs on Business Interest ExpensesThe regs include basic statutory amendments made by the CARES Act.
July 16, 2020
SEC, IRS Get Budget BoostsThe IRS plans to increase enforcement and taxpayer services.