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FILING SEASON STATISTICS:
The filing season statistics present data from all Forms 1040 processed by the IRS at three critical points during the year: l

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TUITION DEBT RELIEF WILL NOT BE TAXABLE INCOME:
The recently announced tuition debt relief program will not add to the tax burden of individuals who are able to take advantage of the program, the White House said.

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OP-ED BY IRS COMMISSIONER CHUCK RETTIG:
ICYMI - IRS Commissioner Chuck Rettig published an op-ed on Yahoo Finance: IRS sets the record straight: We’re going after tax-evaders, not honest Americans

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IRS PROVIDES BROAD-BASED PENALTY RELIEF FOR CERTAIN 2019 AND 2020 RETURNS:
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36, which provides penalty relief to most peop

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ELECTRIC VEHICLE GUIDANCE:
Following passage of the Inflation Reduction Act, the Treasury and Internal Revenue Service published initial information on changes to the tax credit for electric vehicles strengthened by the land

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FORM 990-N FILERS WILL USE A NEW SIGN-IN PROCESS:
Beginning August 2022, smaller charities that are eligible and choose to file Form 990-N, Electronic Notice for Tax-Exempt Organizations (e-Postcard), must sign into the IRS modernized authenticati

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IRS SEEING EXEMPT ORGANIZATION E-FILING ERRORS:
There are a number of issues “that can interfere with the successful submission of an electronically filed return,” Elaine Leichter of the IRS Tax-Exempt and Government Entities Division said Augus

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IRS APPEALS INVITES INPUT ON ENHANCING VIDEO CONFERENCE OPTIONS:
The IRS Independent Office of Appeals invites public input on best practices for conducting video conferences with taxpayers and tax professionals who have cases pending before Appeals.

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WHAT BUSINESS OWNERS NEED TO DO WHEN CLOSING THEIR DOORS FOR GOOD:
There are a few things business owners need to do before they close their business. Of course, they need to fulfill their federal tax responsibilities.

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