Tax Blog

The Internal Revenue Service has issued a notice that seeks to expand relief for funds and investors affected by the COVID-19 pandemic.… Read more about IRS Notice Extends Relief for Qualified Opportunity Funds and Investors (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has set Friday, Feb. 12, 2021, as the start of the nation’s tax season. That’s the day the agency will begin accepting and processing 2020 tax year returns.… Read more about Filing Season Set to Begin Feb. 12 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service is reminding taxpayers that today—January 15, 2021—is the deadline for making a tax year 2020 fourth quarter estimated tax payment. The goal of the press release is to prevent taxpayers who did not pay enough tax throughout 2020 from owing tax or a penalty during filing season.… Read more about Today is the Deadline for Making a TY 2020 Fourth Quarter Estimated Tax Payment (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service submitted the Taxpayer First Act Report to Congressional leaders this week. As the name suggests, this 253-page document is required by the 2019 Taxpayer First Act—and it’s an essential step in determining how the IRS will improve the service provided to taxpayers.… Read more about IRS Report Recommends Improvements for the “Taxpayer Experience” (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Ask most people what they thought of 2020, and the response is likely to be something like, “disastrous,” “catastrophic” — even “unprecedented.”… Read more about Annual Report Finds IRS Rose to Challenges of an “Unprecedented” Year (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has eased the cost of participation in the Paycheck Protection Program (PPP) by allowing deductions for the payment of eligible expenses.… Read more about Eligible PPP Expenses Are Now Deductible (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…