IRS WATCH

Taxpayer Advocate warns of tax refund delays this season

By Michael Cohn       5 min read

National Taxpayer Advocate Erin Collins expressed deep concerns Wednesday about the upcoming tax filing season in her annual report to Congress on the 2021 filing season. Read story →

Jackson Hewitt charging $25 for DIY tax prep

By Michael Cohn       3 min read

The tax prep chain is looking to compete in the online tax prep space against H&R Block and Intuit. Read story →

IRS targets your side hustle in crackdown on transactions over $600

By Jenny Surane       3 min read

Starting this month, users selling goods and services through such popular sites as Venmo, Etsy and Airbnb will begin receiving tax forms if they take a payment of more than $600.  Read story →

AI-powered tax platform April launches after $10M seed round

By Danielle Lee       2 min read

The company uses natural language processing and human-assisted AI, along with partnerships with financial institutions, to streamline the tax preparation process and more closely align it with financial wellness. Read story →

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IRS pilots program to fast-track private letter rulings

By Michael Cohn       2 min read

The Internal Revenue Service is pilot-testing a program for the next year and a half to expedite requests for rulings and determination letters for corporate taxpayers. Read story →

IRS updates Recovery Rebate Credit and EIP guidance

By Michael Cohn       2 min read

The Internal Revenue Service added more information on the Recovery Rebate Credit, providing extra details on its Frequently Answered Questions document about finding the first Economic Impact Payment amounts to calculate the credit. Read story →

IRS opens Free File program for 2022

By Michael Cohn       2 min read

The Internal Revenue Service made its Free File program available on Friday, allowing taxpayers who earn less than $73,000 in adjusted gross income to start preparing and filing their tax returns for free. Read story →

Tax Fraud Blotter: There’s nothing like a good fraud

By Jeff Stimpson       6 min read

ITS over; bad chemistry; international intrigue; and other highlights of recent tax cases. Read story →

Great Resignation repositions accountants

By Michael Cohn       7 min read

Accountants are seeking out more satisfying places to work where they can realize their career goals or just be able to balance their work and personal lives better.  Read story →

Creating content for accountants

By Daniel Hood      

Mike Whitmire and Drew Carrick take us behind the scenes of creating the first comedy series for accountants, "PBC." Read story →

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