The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
Break out those checkbooks: the Internal Revenue Service (IRS) has announced the annual Preparer Tax Identification Number (PTIN) fees for 2021. Fees are $21 fee per PTIN application or renewal, plus a $14.95 fee payable to a contractor. According to the IRS, the third-party contractor fee pays for several functions, including processing applications, renewals, and operating a…
In May, the Internal Revenue Service (IRS) issued guidance about how to return an Economic Impact Payment (EIP) or stimulus check. They were targeting, among others, decedents and incarcerated persons, even though there is no clawback provision in the CARES Act. Initially, IRS spokesman Eric Smith told the Washington Post in April that “the payments may not have to be returned depending on…
¿Su primer idioma es espanol? The Internal Revenue Service (IRS) is reminding taxpayers for whom English may not be a first language that there are a variety of ways to get help and information in languages other than English. “Providing additional materials in more languages to help taxpayers is a priority for the IRS,” said…
In “I did not see that coming” news, Internal Revenue Service (IRS) Criminal Investigation Chief Don Fort is announcing his retirement, effective September 30, 2020. Chief Fort has served in the position of Chief of CI since June 2017 (you can read my introductory piece on him from 2017 here). As Chief, Fort is responsible for…
The Internal Revenue Service (IRS) may have your money. The tax agency has announced that more than $1.5 billion in outstanding refunds remain unclaimed from 2016. Yes, billion. That represents well over one million taxpayers who might have qualified for a refund but did not file a federal income tax return for 2016. If you are due…
Beginning on April 12, 2020, and into April 13, 2020, there were at least 140 confirmed tornadoes in parts of the southern United States. More than 1 million homes and businesses lost power during the storms. Now, the Internal Revenue Service (IRS) has announced that victims of the April tornadoes, severe storms, and flooding that took place in parts…
The Internal Revenue Service (IRS) continues to resume operations. According to the IRS Commissioner, as of mid-month, thousands of employees had returned to facilities in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee, and Missouri) with employees in four more states and Puerto Rico returning on June 29. The IRS will reopen facilities in remaining…
The Department of the Treasury and the Internal Revenue Service (IRS) have announced that the 2019 tax filing deadline remains July 15, 2020. Due to COVID-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15, 2020, to July 15, 2020. With many states still under travel and work…
The Internal Revenue Service (IRS) has announced that it will begin opening its Taxpayer Assistance Centers (TACs) to the public in phases beginning today, Monday, June 29, 2020. Those taxpayers seeking in-person assistance at a TAC will need to make an appointment. To do so, you. must call 1.844.545.5640. Appointments will be available if people…
As the Internal Revenue Service (IRS) re-opens, it has some catching up to do: The estimated backlog of unopened IRS mail stands at 11 million. According to the Taxpayer Advocate, during the shutdown, the IRS generated more than 20 million notices; however, these notices were not mailed to taxpayers. Think about that number for a…