Federal Tax News

Check out the latest IRS provided tax news below. Tax news is updated regularly as the IRS posts new news and announcements about the tax industry and IRS procedures.

AICPA posts 20 FAQs on tax filing relief
on April 8, 2020 at 10:18 am
The AICPA posted FAQs explaining the latest developments in taxpayer relief during the COVID-19 pandemic. The AICPA has […]
Social Security recipients will automatically receive stimulus payments
on April 2, 2020 at 7:03 pm
The IRS announced that Social Security and Railroad Retirement benefit recipients will not have to file a tax return to […]
Employer tax credits form, employee retention credit guidance posted
on April 1, 2020 at 8:57 pm
The IRS issued a new form and instructions for employers to use to obtain advance payments of three tax credits that […]
IRS waives failure-to-deposit penalties during pandemic
on April 1, 2020 at 7:28 pm
The IRS is permitting eligible employers who pay qualifying wages to retain an amount of the payroll taxes equal to the […]
Recovery rebate payments to be issued within 3 weeks
on March 31, 2020 at 7:34 pm
The IRS has issued guidance on these payments, which it calls “economic impact payments,” and says they […]
Gift and GST returns added to postponed tax and filing deadlines
on March 27, 2020 at 11:31 pm
The IRS postponed the payment and return filing requirements for gift and generation-skipping transfer taxes due April […]
Coronavirus paid sick leave and family leave guidance issued
on March 27, 2020 at 10:54 pm
The IRS issues rules to implement paid sick and child care leave credits enacted in response to the pandemic.
CARES Act tax provisions aim to stabilize pandemic-ravaged economy
on March 27, 2020 at 5:30 pm
The $2 trillion stimulus bill, which passed the Senate by a 96-0 vote late on Wednesday, contains many tax provisions. […]
Practitioner Priority Service, other IRS help lines suspended due to coronavirus
on March 27, 2020 at 4:06 pm
The IRS announced that, because of staff shortages, it was closing the Practitioner Priority Service, a special phone […]
AICPA requests broader relief for taxpayers
on March 26, 2020 at 9:51 pm
In a letter to Treasury and the IRS the AICPA requested that recent filing and payment relief related to the COVID-19 […]
IRS announces more operational changes related to coronavirus
on March 26, 2020 at 6:03 pm
The IRS announced that, under its People First Initiative, it was taking various actions to alter its activities beyond […]
IRS posts FAQs about coronavirus-related filing and payment extensions
on March 25, 2020 at 12:23 am
The IRS posted 24 questions and answers to clarify the notice delaying certain tax filing and payment deadlines until […]
IRS alters certain operations in effort to protect employees, taxpayers during outbreak
on March 25, 2020 at 12:08 am
To protect taxpayers and its employees, the IRS is scaling back its operations during the coronavirus pandemic to focus […]
Practitioners seek further clarity on tax filing, payment delay
on March 23, 2020 at 10:07 pm
Practitioners welcomed the IRS’s deferral of income tax returns and payments due April 15 for another 90 days but […]
IRS provides guidance for April 15 filing delay
on March 21, 2020 at 3:27 pm
The IRS announced the postponement of the April 15 federal income tax filing deadline until July 15. Friday’s […]