IRS WATCH

House Democrats introduce bill to speed tax refunds for EITC recipients

By Michael Cohn       3 min read

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early. Read story →

IRS Child Tax Credit letters may have wrong information

By Michael Cohn       7 min read

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information. Read story →

IRS having difficulty processing power of attorney forms

By Michael Cohn       10 min read

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges.  Read story →

Practitioner coalition urges IRS to step up for tax season

By Roger Russell       3 min read

The groups want the service to reduce unnecessary burdens on taxpayers and tax preparers. Read story →

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IRS begins requiring new ID system for accessing online accounts

By Michael Cohn       3 min read

The Internal Revenue Service has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to a third-party service, ID.me. Read story →

IRS kicks off challenging tax season

By Michael Cohn       5 min read

The service faces a backlog of millions of unprocessed tax returns, and warned taxpayers and preparers to be patient. Read story →

Biden administration relaunches CTC website

By Michael Cohn       2 min read

A revamped version of the ChildTaxCredit.gov site adds new features to help with filing taxes and accessing the full amount of unpaid credits. Read story →

A tax prep revolution?

By Daniel Hood      

Mark Steber of Jackson Hewitt discusses the tax prep chain's flat-fee offering, what tax season's going to look like, and the future of tax prep. Read story →

KPMG U.S. announces $160M increase in salaries

By Sean McCabe       1 min read

The Big Four firm announced salary bumps for approximately 30,000 employees. Read story →

When can a startup start deducting expenses?

By Roger Russell       3 min read

A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS. Read story →

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