The American Institute of CPAs is asking the Treasury Department and the Internal Revenue Service to push back the tax filing and payment deadline for two months.
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Feed SubscriptionTrump claims Constitution still protects his taxes as ex-president
The legal battle over House Democrats’ efforts to obtain Donald Trump’s tax returns may turn on whether a former president can still assert constitutional protections against congressional requests.
Read More »IRS warns: Stop taking this deduction — it’s been repealed
A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.
Read More »Tax season off to a slow start, lawmakers complain to IRS
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.
Read More »Tax season: What the IRS says clients and advisors can expect
The agency’s commissioner is upbeat, but tax preparers and financial planners worry that this year could be especially chaotic due to the COVID pandemic.
Read More »IRS plans to mask info on business tax transcripts
The Internal Revenue Service intends to start “masking” sensitive information to safeguard taxpayers against the threat of identity theft.
Read More »IRS removes one of four options to correct foreign reporting
Consider acting swiftly to correct international tax form mistakes.
Read More »IRS asks watchdog to probe security after Trump tax reports
The Internal Revenue Service has asked a watchdog to investigate the tax system’s security after the New York Times disclosed that its reporters had reviewed more than two decades of President Donald Trump’s tax information.
Read More »Latest Trump bid to shield taxes meets skeptical judges
Lawyers for Donald Trump were met with skepticism from federal appeals court judges as they made their latest attempt to block New York prosecutors from getting their hands on his tax filings and other financial documents through a grand jury ...
Read More »IRS offers reprieve on tax returns filed late due to CCH software outage
The Internal Revenue Service is giving taxpayers and practitioners some extra time if they tried to file their returns on Sept. 15 through CCH Axcess, but were unable to do so because of a system outage.
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