Newsletters

The IRS is encouraging tax professionals to increase their efforts to inform clients about the IRS Identity Protection PIN Opt-In Program to help protect people against tax-related identity theft.

The IRS has announced that more forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return, Form 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico), and Form 1040-PR, Self-Employment Tax Return—Puerto Rico.

The IRS is aware that some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.

The IRS is providing relief for taxpayers from certain failure-to-file penalties with respect to tax returns for the 2019 and 2020 tax year. The IRS is also providing penalty relief for certain information returns.

The taxpayer deducted these costs, along with the cost of cleaning, as unreimbursed employee business expenses. The IRS disallowed the deduction.

The IRS has released new guidance on the federal income and employment tax treatment of cash payments made by employers under leave-based donation programs to aid victims of the Russian invasion of Ukraine.

The IRS has announced that more forms can now be amended electronically.

The Internal Revenue Service made an important enhancement to the Where’s My Refund? online tool this week, introducing a new feature that allows taxpayers to check the status of their current tax year and two previous years’ refunds.

There were no negative taxpayer consequences as a result of this action. Taxpayers or payers have not been and will not be subject to penalties resulting from this action.

The IRS recently announced inflation adjusted amounts for health savings accounts (HSAs) for 2023.