IRS WATCH

IRS updates info on Recovery Rebate Credit and pandemic response

By Michael Cohn       3 min read

The Internal Revenue Service has updated its guidance on claiming the Recovery Rebate Credit and issued a report Friday on how it responded last year to the COVID-19 pandemic. Read story →

Treasury says be ready for frustration this tax season

By Laura Davison       3 min read

When filing season begins in two weeks, taxpayers should be prepared for delays as returns and refunds are processed, and for difficulties in reaching the IRS. Read story →

Tax pros should prepare for ‘grueling’ year: NATP

By Jeff Stimpson       1 min read

Complex taxes, IRS backlog, and more taxpayers seeking professional help will lead to a tough season. Read story →

This pandemic tax filing season is 'dumpster fire 2.0'

By Lynnley Browning       6 min read

With Jan. 24 the earliest date to file and most federal returns due April 18, here’s what you need to know.  Read story →

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Tax season to start on Jan. 24

By Michael Cohn       5 min read

The IRS will begin processing and accepting 2021 returns on Monday, Jan. 24, with a filing deadline of Monday, April 18. Read story →

AICPA’s Melancon concerned about IRS bottlenecks

By Michael Cohn       12 min read

Barry Melancon is warning that the backlog at the service threatens to make this tax season a difficult one for tax professionals and their clients. Read story →

IRS extends deadline to ‘perfect’ R&D tax credit claims

By Michael Cohn       3 min read

The Internal Revenue Service expanded the transition period from 30 to 45 days to provide evidence to back up tax refund claims involving the research and development credit, while issuing new guidance. Read story →

Tax Fraud Blotter: Jail time 4You

By Jeff Stimpson       6 min read

Seven digits short; Miami vice; nice going, Ace; and other highlights of recent tax cases. Read story →

CBIZ and Mayer Hoffman McCann acquire Marks Paneth

By Michael Cohn       4 min read

The megadeal will add an expected $138 million to CBIZ’s annual revenue. Read story →

KPMG says it misled U.K. audit watchdog over Carillion

By Katharine Gemmell       2 min read

Six former employers at the auditing giant are accused of acting “with a lack of integrity in dishonestly or recklessly misleading the regulator.”  Read story →

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