The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Cred
The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment compensation that new legislation now excludes as income.
SB/SE’s Automated Collection System (ACS) will now exclusively resolve collection issues. This is a shift in procedure.
The IRS has issued a new version of Form 7200 (Advance Payment of Employer Credits Due to COVID-19) and the instructions to that form.
Note from the Editor: the following article is a good overview of the issue of related parties and the ERTC.
The Internal Revenue Service and the U.S.
Looking ahead to the 2022 tax season
The gross Tax Gap is the difference between the amount of tax owed by taxpayers for a given year and the amount that is actually paid timely for that same year.