The Social Security Administration (SSA) has announced that the wage base for computing the Social Security tax (OASDI) in 2021 will increase to $142,800. This is up from $137,700 for 2020.

The Internal Revenue Service is combating fraud by once again joining organizations around the world to highlight the third annual International Charity Fraud Awareness Week, October 19-23.

In addition to the Coronavirus being declared an emergency in all states, in order to qualify for federal aid, there were various other natural disasters for which additional tax relief is due to t

The Internal Revenue Service has announced that the deadline to register for an Economic Impact Payment (EIP) is now November 21, 2020.

The Small Business Administration has issued guidance related to PPP loans when there is a change in ownership of the borrowing business.

The Internal Revenue Service has announced that Free File, the IRS-private sector partnership that offers free tax preparation products, scored a record percentage increase in new users as taxpayer

An IRM procedural update has been posted notifying tax professionals that it can take up to 48 hours for transcript delivery to the SOR Mailbox.

The Internal Revenue Service has launched a redesigned page on IRS.gov to help business owners navigat

Carol Campbell, Director of the Office of Professional Responsibility (OPR), reminds all tax preparers that they must renew their Preparer Tax Identification Number (PTIN) annually in order to prep