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IRS provides tax inflation adjustments for tax year 2021

Tuesday, October 27, 2020

WASHINGTON — The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, includi ....

Income ranges for determining IRA eligibility change for 2021

Tuesday, October 27, 2020

WASHINGTON — The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retir ....

IRS adds QR technology to key balance due notices to help taxpayers

Monday, October 12, 2020

WASHINGTON — For the first time, the IRS is adding barcode technology to notices sent to millions of taxpayers. Starting this month, the CP14 and ....

IRS: Check tax withholdings now as the last quarter of 2020 begins

Friday, October 09, 2020

WASHINGTON — The Internal Revenue Service today reminded taxpayers that now is the perfect time to review their tax withholding and payments to a ....

IRS issues final regulations on the deduction for meals and entertainment

Thursday, October 01, 2020

WASHINGTON — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following change ....

IRS provides final regulations on income tax withholding on certain periodic retirement and annuity payments

Wednesday, September 30, 2020

WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued ....

IRS highlights employer credits for businesses during Small Business Week

Friday, September 25, 2020

WASHINGTON — During Small Business Week, the Internal Revenue Service reminds business owners and self-employed individuals of the employer cred ....

IRS finalizes regulations for 100 percent bonus depreciation

Monday, September 21, 2020

WASHINGTON — The Treasury Department and the Internal Revenue Service today released the last set of ....

IRS reminds taxpayers who filed an extension that the Oct. 15 due date approaches

Wednesday, September 16, 2020

WASHINGTON – The Internal Revenue Service today reminds taxpayers who filed an extension that the Oct. 15 due date to file 2019 tax returns is ap ....

IRS issues 2020–2021 per-diem rates

Wednesday, September 16, 2020

Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses (No ....

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