Electronic Tax Administration Advisory Committee

IR-2021-195, September 28, 2021 WASHINGTON — The Internal Revenue Service has selected seven new members for the Electronic Tax Administration Advisory Committee (ETAAC). Established by statute in 1998, the ETAAC is a public forum for the discussion of issues in electronic tax administration. The committee’s primary goal is to promote paperless filing of tax and information […]

New $67 user fee applies to estate tax closing letters starting Oct. 28

IR-2021-194, September 27, 2021 WASHINGTON — The Internal Revenue Service announced today that starting Oct. 28, a new $67 user fee will apply to any estate that requests a closing letter for its federal estate tax return. The new user fee was authorized under final regulations, TD 9957, available today in the Federal Register. Closing letter requests must […]

Drought-stricken farmers and ranchers have more time to replace livestock

IR-2021-193, September 24, 2021 WASHINGTON — Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service. To qualify for relief, farmers or ranchers must have sold livestock on […]

New webpage to assist taxpayers with refunds

IR-2021-192, September 22, 2021 WASHINGTON – The IRS today introduced a new webpage that provides information to taxpayers whose large refunds are subject to further review by the Joint Committee on Taxation (JCT or Joint Committee). By law, when taxpayers claim a federal tax refund or credit of more than $2 million ($5 million for a C […]

New contracts awarded to private collection agencies

IR-2021-191, September 22, 2021 WASHINGTON — The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. The new contracts begin Thursday following today’s expiration of the old contracts. Beginning Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may be contacted by one of the following […]

Expanded tax benefits

IR-2021-190, September 17, 2021 WASHINGTON — The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December, provides several provisions to help individuals and businesses who give to […]

2020 tax returns Oct. 15 deadline

IR-2021-189, September 16, 2021 WASHINGTON — The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing late. Electronic filing options, such as IRS Free File, are still available. […]

Child Tax Credit payments

IR-2021-188, September 15, 2021 WASHINGTON — The Internal Revenue Service and the Treasury Department announced today that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of September. This third batch of advance monthly payments, totaling about $15 billion, is reaching about 35 million families today across […]

Dyed diesel fuel penalty relief in Louisiana

IR-2021-187, September 15, 2021 WASHINGTON — The Internal Revenue Service, in response to the continued shortages of undyed diesel fuel caused by Hurricanes Ida and Nicholas, will extend the penalty relief provided in IR-2021-176 when dyed diesel fuel is sold or used on the highway. In IR-2021-176, released September 1, 2021, the IRS announced that due to the […]

Employers to identify correctly employees or independent contractors

IR-2021-186, September 15, 2021 WASHINGTON — During National Small Business Week, the Internal Revenue Service reminds business owners that it’s critical to correctly determine whether the individuals providing services are employees or independent contractors. An employee is generally considered to be anyone who performs services, if the business can control what will be done and how […]