- February 16, 2022
- Andrew Presti
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IRS Highlights Online Tools and Resources Ahead of Tax Filing Season
IRS Highlights Online Tools and Resources Ahead of Tax Filing Season The IRS encouraged taxpayers to use its online tools and resources to find the information they need to be ready to file their 2021 federal tax returns, including important special steps related to Economic Impact Payments (EIP) and advance Child Tax Credit (CTC) payments. […]
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- Salvatore Russo
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2022 Inflation Adjustments for Pension Plans, Retirement Accounts Released
2022 Inflation Adjustments for Pension Plans, Retirement Accounts Released The 2022 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions have been released by the IRS. In general, many of the pension plan limitations will change for 2022 because the increase in the cost-of-living index due to inflation met the statutory […]
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- Lisa Varela
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IRS Highlights Special Charitable Tax Benefit
IRS Highlights Special Charitable Tax Benefit The IRS has joined with several leading nonprofit groups to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 income tax return. Accordingly, the Independent Sector and National Council of Nonprofits joined with the IRS to highlight this pandemic-related provision […]
Read more- February 16, 2022
- Elias Koumniotes
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State And Local Fiscal Recovery Funds Program Final Rule Issued
State And Local Fiscal Recovery Funds Program Final Rule Issued The U.S. Department of the Treasury issued the final rule implementing the State and Local Fiscal Recovery Funds (SLFRF) Program. The program, created as part of the American Rescue Plan, provides $350 billion to state, local, and tribal governments to support their response to the […]
Read more- February 16, 2022
- Lisa Varela
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National Taxpayer Advocate Delivers Annual Report to Congress
National Taxpayer Advocate Delivers Annual Report to Congress The National Taxpayer Advocate (NTA), Erin M. Collins, has released her 2021 Annual Report to Congress. The NTA called the calendar year 2021 the most challenging year taxpayers and tax professionals have ever experienced. The report states that tens of millions of taxpayers experienced delays in the processing […]
Read moreRecent Posts
- October 2022 Newsletter
- IRS Warns Taxpayers of Dirty Dozen Tax Scams for 2022, IR-2022-113
- IRS Urges Business Owners to Take Advantage of Tax Benefits for 2022, IR-2022-100; IR-2022-101; IR-2022-103; IR-2022-104
- President Biden Signs Inflation Reduction Act Into Law
- Simplified Portability Election Relief Procedure Updated, Rev. Proc. 2022-32