Fiscal Year 2020 was a very busy—and productive—year for the IRS’ Criminal Investigations unit. The just-released annual report for CI Division touts the unit’s identification of more than $10 billion in tax fraud and other financial crimes, despite the limitations of the COVID-19 pandemic.… Read more about IRS Investigators Make Big Advances in a Busy 2020 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
With 2020’s extended tax deadlines due to the coronavirus pandemic, it seems like we just wrapped up the previous tax season. But believe it or not, the next filing season kicks off Jan. 1, 2021.… Read more about Get Started Now to Make Next Tax Season Easier (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
After Dec. 12, business tax transcripts will soon be a little less informative—for good reason. The IRS will start masking sensitive data on the transcripts to protect businesses from identity theft beginning Dec. 13.… Read more about IRS to Mask Key Details on Business Transcript (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Some people managed to register for their $1,200 Economic Impact Payment (EIP) but just didn’t have the necessary information in-hand to also sign up for the $500 payment for qualifying children.… Read more about More Time to Register to Get $500 EIP for Children (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
A new notice from the Internal Revenue Service reveals some new rules that are expected to be included in upcoming proposed regulations.… Read more about New Guidance Clears Up Partnership Deduction for State, Local Taxes (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…