For a taxpayer properly applying the rules of Revenue Procedure 2019-48, Notice 2021-63 provides a special rule that allows the taxpayer to treat the full meal portion of a per diem rate or allowance as being attributable to food or beverages from a …
— Read on www.cpapracticeadvisor.com/tax-compliance/news/21246786/irs-offers-guidance-on-per-diem-rates-and-100-deduction-for-meals
Persistent IRS logjams and errors muddle financial planning for millions of taxpayers on eve of new filing season, possible tax increases | Financial Planning
The agency has cleared out much of its mammoth backlog of unprocessed returns, but scores of individuals and small business owners remain in limbo.
— Read on www.financial-planning.com/news/persistent-irs-logjams-and-errors-muddle-financial-planning-for-millions-of-taxpayers-on-eve-of-new-filing-season-possible-tax-increases
IRS provides tax inflation adjustments for tax year 2022
National Tax Security Awareness Week, Day 3: IRS expands Identity Protection PIN Opt-In Program to taxpayers nationwide | Internal Revenue Service
IR-2020-267, December 2, 2020 — As part of the Security Summit effort, the Internal Revenue Service announced today that starting in January the Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identities.
— Read on www.irs.gov/newsroom/national-tax-security-awareness-week-day-3-irs-expands-identity-protection-pin-opt-in-program-to-taxpayers-nationwide
Treasury and IRS Issue Guidance Clarifying the Deductibility of Expenses Where a Business Received a PPP Loan | U.S. Department of the Treasury
Treasury and IRS Issue Guidance Clarifying the Deductibility of Expenses Where a Business Received a PPP Loan | U.S. Department of the Treasury
— Read on home.treasury.gov/news/press-releases/sm1187
IRS tells companies to not take out Social Security taxes from checks following presidential order
Although paychecks for most Americans are about to become larger, you may have to end up repaying the difference.
— Read on www.wxyz.com/news/national/irs-tells-companies-to-not-take-out-social-security-taxes-from-checks-following-presidential-order
IRS announces Form 1040-X electronic filing options coming this summer; major milestone reached for electronic returns | Internal Revenue Service
IR-2020-107, May 28, 2020 — The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products.
— Read on www.irs.gov/newsroom/irs-announces-form-1040-x-electronic-filing-options-coming-this-summer-major-milestone-reached-for-electronic-returns
IRS allows midyear changes to health coverage, dependent care elections – Journal of Accountancy
In response to the coronavirus pandemic, the IRS is allowing employers to permit their employees to change their health coverage elections or dependent care elections during the year and is extending the carryover period for health flexible spending arrangement (FSA) expenses.
— Read on www.journalofaccountancy.com/news/2020/may/irs-allows-midyear-health-coverage-dependent-care-changes-amid-coronavirus.html
Massive House Bill Includes New & Improved Stimulus Checks, Expanded Jobless Benefits And Tax Relief
House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act.
— Read on www.forbes.com/sites/kellyphillipserb/2020/05/12/massive-house-bill-includes-new–improved-stimulus-checks-expanded-jobless-benefits-and-tax-relief/
The IRS wants those stimulus checks it sent to dead people back
The IRS wants those stimulus checks it sent to dead people back
— Read on www.google.com/amp/s/www.cnbc.com/amp/2020/05/07/the-irs-wants-those-stimulus-checks-it-sent-to-dead-people-back.html
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