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The Internal Revenue Service (IRS) is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.

Failure to Deposit Payroll Taxes Penalties Issued in Error
The IRS is aware that a small population of employers that reduced their tax deposits in anticipation of claiming the sick and family leave credits, or employee retention credit, may have received

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13.9 Million Americans to Receive IRS Tax Refund Interest; Taxable Payments to Average $18
The Treasury Department and the Internal Revenue Service will send interest payments to about 13.9 million individual taxpayers who timely filed their 2019 federal income tax returns and are receiv

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Suspended Installment Payments
IRS has updated its website on which it provides answers to taxpayers with existing installment agreements about the suspension through July 15, 2020 of due dates under those agreements.

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IRS Creates New Enterprise Digitalization and Case Management Office
The Enterprise Digitalization and Case Management office, which will spearhead IRS efforts to empower taxpayers and IRS employees to rapidly resolve issues in a simplified digital environment, has

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Processing Resumes for Payroll Tax Returns
In an eNews for Payroll Professionals, the IRS announced that it has resumed processing paper payroll withholding tax returns.

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IRS Now Accepting Transcript Requests
In its IVES Program newsletter, IRS has announced information about its Income Verification Express Service (IVES), including that it will again be accepting new transcript requests beginning on Tu

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2020 Form W2s: New Guidance Issued By IRS
The Families First Coronavirus Response Act (FFCRA) mandates that all small employers (with less than 500 employees) pay up to two weeks of sick pay or up to 10 weeks of family leave pay for corona

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July 15 Tax Payment Deadline Approaching; Plan on Scheduling Multiple Payments Now
As the 2019 tax filing and payment deadline approaches, the IRS reminds taxpayers and businesses that 2019 income tax liabilities as well as postponed April 15 and June 15, 2020 estimated tax payme

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10 Takeaways on the PPP Loan Forgiveness Application
On May 15, 2020, the SBA published the Paycheck Protection Program Loan Forgiveness Application (SBA Form 3508).

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