IRS WATCH

Oh my aching backlog: What tax pros tell clients about IRS delays

By Jeff Stimpson       5 min read

Processing delays at the Internal Revenue Service have practitioners scrambing to explain missing tax refunds. Read story →

More high-income earners suffer ‘marriage penalty’ under Biden tax plan — but there’s a potential fix

By Lynnley Browning       5 min read

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals. Read story →

IRS adds address change capability to Child Tax Credit portal

By Michael Cohn       3 min read

The Internal Revenue Service added a new feature Friday to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments.  Read story →

U.S. households paying no income tax hit 61%

By Laura Davison       1 min read

Declines in income and boosts to government subsidies wiped away tax liabilities. Read story →

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IRS now taking applications for Compliance Assurance Process

By Jeff Stimpson       1 min read

The program helps companies resolve tax questions and issues before they file a return. Read story →

Truckers must file highway use tax form this month

By Jeff Stimpson       1 min read

The IRS is reminding drivers and fleet owners about the Aug. 31 deadline for Form 2290. Read story →

Tax Fraud Blotter: Obvious red flags

By Jeff Stimpson       5 min read

Sister act; a day to think about it; cheat wagon; and other highlights of recent tax cases. Read story →

Wyden proposes tax credits to combat homelessness

By Michael Cohn       3 min read

The Senate Finance Committee chair introduced legislation with tax credits aimed at ending homelessness and providing affordable housing. Read story →

EY launches Career Path Accelerator Program

By Sean McCabe       2 min read

The Big Four firm's new program aims to help more students earn their 150-credit hour CPA licensure requirements sooner through affordable and approachable training. Read story →

Top 10 sales and use tax audit triggers for 2021

By Mark Friedlich      

States disagree on many things, but one thing they agree on are the activities businesses engage in, or things they fail to do, in meeting their sales and use tax obligations that are most likely to lead to a sales and use tax audit. Read story →

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