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IRS Watch

Upcoming Events

April 7, 2021

IRS plans to issue unemployment refunds in May

By Michael Cohn 3 min read

The service intends to take steps to automatically refund money starting in May and continuing through the summer.

IRS reducing, correcting Recovery Rebate Credit claims

By Michael Cohn 3 min read

The Internal Revenue Service is mailing letters to taxpayers explaining why they may not be getting as much of a Recovery Rebate Credit as they were expecting on their taxes.

Potential tax hikes propel wealthy seniors into tax-advantaged retirement plans

By Lynnley Browning 4 min read

Concerned that tax rates and IRS bills may rise under Biden, wary advisors note that Roth plans are not just for younger investors.

IRS offers guidance to students, schools on tax-free COVID grants

By Michael Cohn 2 min read

The service released a FAQ to explain how students and universities should report emergency financial aid grants related to the pandemic.

Billions waiting in 2017 federal refunds

By Jeff Stimpson 1 min read

The highest median potential unclaimed refunds are in New Hampshire.

Biden pitches $2.25T infrastructure and tax plan

By Jennifer Epstein 4 min read

The infrastructure plan sets the stage for a drawn-out battle over his second big economic program.

SPONSOR CONTENT

The new bookkeeper

A panel of bookkeepers with cutting-edge practices share how they’re using new approaches to boost business and better serve their clients.

Tax Fraud Blotter: Fallen angels

By Jeff Stimpson 5 min read

Could be a long haul; Boston illegal; down the drain; and other highlights of recent tax cases.

IRS closing some payment lockbox addresses

By Jeff Stimpson 1 min read

10 Bank of America boxes in San Francisco and Connecticut that are already closed will stop forward mail.

RESOURCES

WEB SEMINAR

Top trends in auditing 2021

To help auditors navigate the fast-paced evolution of the field, this webinar will gather a panel of experts to discuss critical trends, the latest developments, and what’s coming down the pike.

Learn More

WEB SEMINAR

Evaluating tax prep in the cloud – Best practices and lessons learned during the 2021 tax season →

WHITEPAPER

How to launch new accounting services (step-by-step) →

More Resources →