IRS Is Finally Advancing With Technology

Mar 14, 2022 | IRS

IRS Unveils Voice and Chatbots They have begun using voice and chatbots on two of its specialized toll-free telephone assistance lines and IRS.gov, enabling taxpayers with simple payment or collection notice questions to get what they need quickly and avoid waiting....

IRS Launches Resource Page

Feb 15, 2022 | IRS, tax season

Help For Taxpayers & Tax Professionals The Internal Revenue Service announced a special new page on IRS.gov to provide the latest details and information affecting the 2022 filing season and ongoing efforts by the agency to address the inventory of previously...

Get Ready For 2022 Taxes

Dec 7, 2021 | IRS, tax season

2022 Taxes The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments. Check on advance...

IRS Provides Guidance on Per Diem Rates

Nov 16, 2021 | IRS, Tax Deductions

Temporary 100% Deduction for Food or Beverages From Restaurants The Internal Revenue Service issued Notice 2021-63 PDF to make clear how the temporary 100% business deduction for food or beverages from restaurants applies to taxpayers properly applying the rules of...

IRS Announces 401K Limit Increase

Nov 8, 2021 | IRA, IRS

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments affecting...

Relief For Work Opportunity Tax Credit

Aug 17, 2021 | IRS, Tax Credit

The Internal Revenue Service announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC).  The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in...