Recent Articles
Werfel’s nomination approved by Senate Committee to lead the IRS.
The committee approve his nomination with a 17-9 bipartisan vote. His confirmation will now be a vote on by the entire Senate. The nomination of Danny Werfel to lead the IRS was approved on Thursday by a vote of 17...
The average tax refund is 11% lower than last year, according to the IRS
According to IRS data for the week ending February 17, the average refund is $3,140, a decrease of 11.2%, or $396, from the previous year. The end of pandemic-era stimulus programs is affecting tax refunds. According to IRS data for...
The IRS and Treasury have finalized the rules for electronic filing for businesses.
The final regulations incorporate Taxpayer First Act amendments that strengthen e-filing requirements. The IRS and the Treasury Department issued final rules on 23rd February 2023 requiring businesses to file returns and other documents online beginning in 2024. Participants who file...
The IRS has extended the tax deadline in three states to October 16 for taxpayers affected by natural disasters.
Most of California, as well as parts of Alabama and Georgia, received tax filing and payment relief. The IRS announced on February 24 that the deadline for filing various federal individual and business tax returns as well as making tax...
IRS: For these nine notices, taxpayers may now upload supporting documentation.
Even if they do not have an IRS online account, taxpayers who receive these notices can securely respond to the IRS online. Taxpayers who receive certain IRS notices and are required to send information to the agency can now submit...
Tax Returns Are Being Processed By the IRS More Rapidly Than Last Year
The IRS reported processing more than 16.7 million tax returns as of February 3—29% more than it did in 2022. The IRS recently reported that while refund processing has been quicker this tax season than last, Americans are still receiving...