4/29/2022
IRS is accepting applications for the Internal Revenue Service Advisory Council (IRSAC) through June 3. Members are appointed to three-year terms beginning in January 2023.
4/29/2022
Tax professionals submitting Offers in Compromise (OICs) to IRS must use the most current year version of the Form 656-B, Offer in Compromise Booklet in order to avoid processing issues.
3/18/2022
Revenue Procedure 2022-17 provides tables of limitations on depreciation deductions for owners of passenger automobiles, trucks and vans placed in service in 2022.
3/18/2022
The SBA announced this week that it will provide an additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program borrowers
2/11/2022
IRS has suspended more than a dozen automated taxpayer letters, including collection due notices, balance due notices, and unfiled tax return notices, until its backlog of returns is worked through.