IRS News
NTA Blog: IRS Delays in Processing Amended Tax Returns Are Impacting TAS’s Ability to Assist Taxpayers - Taxpayer Advocate Service
As of October 30, 2021, the IRS had a backlog of over 2.7 million unprocessed amended returns. The IRS is processing these returns in the order received, and the current processing time posted on its operational page is more than 20 weeks. Our cases indicate that the processing time is considerably longer than 20 weeks, and as such, I have made the difficult decision to suspend accepting cases where the sole issue involves the processing of amended returns until the IRS is able to work through its backlog. We are also analyzing the upcoming filing season and expect to issue revised guidance for original filed returns.
irs.gov
IRS joins leading nonprofit groups to highlight special charitable tax benefit available through Dec. 31 | Internal Revenue Service
The Internal Revenue Service joined today with several leading nonprofit groups to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 federal income tax return.
irs.gov
For Kentucky tornado victims, IRS extends 2021 tax-filing deadline, other deadlines to May 16 | Internal Revenue Service
Victims of this weekend’s tornadoes in Kentucky will have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
irs.gov
Webinar Replay: Crypto & Taxes - Are You In Compliance With The IRS?
With the astonishing rise in the value of Bitcoin, Ethereum, and other digital assets crypto investors and enthusiasts may have serious tax questions on their minds.
forbes.com
News
Final child tax credit payment arrives today but you could still get $1,800. What to know
The last advance payment is scheduled to go out Wednesday, but there's more money coming in 2022. Here's what you need to know.
cnet.com
A year-end business compliance checklist
As the end of the year approaches, it’s time for your business clients to take stock of — and tackle — any outstanding business compliance tasks.
accountingtoday.com
Child Tax Credit Payments: What to Expect in 2022
The last round of monthly Child Tax Credit payments will arrive in bank accounts on Dec. 15. Here’s what to expect from the IRS in 2022.
nbcwashington.com
The IRS Wants to Know About Your Crypto Transactions This Tax Season
The federal government has placed more emphasis on tax reporting in recent years for investors in bitcoin, ethereum and other cryptocurrencies.
nbcwashington.com
From The Desk of Keith L. Jones, CPA
Installment Agreement or IRS Installment Plan
If you don't have enough money in your bank account to pay immediately, IRS installment plans or payment plans exist. It is fairly simple to apply for a payment plan with the IRS.
keithjonescpa.com