Understanding how the IRS contacts taxpayers; Avoiding scams and how to know it’s really the IRS reaching out With continuing phone and in-person scams taking place across the country, the IRS wants to help taxpayers understand how and why agency representatives may contact taxpayers. In most instances, the… Read More
COVID Tax Tip 2022-101: New voice bot options mean faster service and less wait time for taxpayers The IRS’s new voice bot options mean less time on hold for taxpayers trying to verify their identity to set up or modify a payment plan. Voice bots run on software powered by artificial… Read More
Legislative Updates Senate Passes PPP Flexibility Bill Wednesday Evening Wednesday night, the Senate passed the House bill that creates more flexibility for borrowers using PPP funds. The bill extends the time period for businesses to use the funds from 8 to 24 weeks,… Read More
IRS Newsroom 159 million Economic Impact Payments processed; Non-filers can quickly register for payment with IRS Non-Filers tool - Read More
IRS Newsroom IRS provides relief to retirement plan participants to sign elections remotely - Read More
IRS Newsroom New Form 1040 Series Schemas and Business Rules are Available Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs Software Developers and State organizations may access and download schemas and business rules from their… Read More
IRS Newsroom Temporary Relief from the Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans Notice 2020-42 provides participants, beneficiaries, and administrators of qualified retirement plans and other tax-favored retirement arrangements with temporary relief from the physical presence… Read More