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IRS Watch

February 24, 2021

Lawmakers ask IRS to extend tax season until July 15

By Michael Cohn 2 min read

Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15.

IRS warns of ghost tax preparers

By Michael Cohn 3 min read

The Internal Revenue Service issued a warning Wednesday to taxpayers to beware of unethical “ghost” tax preparers who don’t sign tax returns for clients.

Tax season off to a slow start, lawmakers complain to IRS

By Michael Cohn 3 min read

Leaders of the tax-writing House Ways and Means Committee are sounding the alarm over the slow start to tax season, reflected in the initial week of data from the IRS.

IRS continues to face mail backlog amid pandemic

By Michael Cohn 3 min read

The Internal Revenue Service is still dealing with a backlog of unprocessed mail from 2020, hurting its efforts to provide help with COVID-19 relief payments and this year’s tax season.

2021 is already presenting early complications for next tax season

By Shaun Hunley 3 min read

Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.

Lawmakers tell IRS to stop sending incorrect tax delinquency notices

By Michael Cohn 3 min read

Two leaders of Congress’s main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it’s still catching up on unprocessed mail.

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Democrat bills would help the IRS go after wealthy, corporations

By Michael Cohn 3 min read

House Democrats are proposing two pieces of legislation that would also provide more funding for the Internal Revenue Service.

Tax refunds and stimulus checks: What advisors say clients should do now

By Lynnley Browning 4 min read

A COVID-wrecked economy has changed the calculus for some financial planners.

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