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IRS News

• Supreme Court lets health care law stand
  June 17, 2021
  The US Supreme Court held that Texas and several other states lacked standing to sue over the constitutionality of the Sec. 5000A mandate that requires individuals to obtain minimum essential […]
• Top tax cases practitioners should know
  June 15, 2021
  A session at AICPA & CIMA ENGAGE 2021 shows how bedrock tax cases can help practitioners understand and resolve common issues that arise in practice.
• Online sign-up now available for advance child tax credit payments
  June 14, 2021
  The IRS opened an online site that allows taxpayers who are not required to file a 2019 or 2020 individual income tax return to sign up to receive advance child […]
• IRS posts ARPA credit FAQs
  June 11, 2021
  The IRS has posted two sets of FAQs that explain changes to the child and dependent care credit and to the sick and family leave credits made by the American […]
• Regs. on postponing tax deadlines due to federally declared disasters
  June 10, 2021
  New IRS final regulations clarify when a federally declared disaster will lead to mandatory 60-day postponement of certain tax-related deadlines.
• President’s budget contains many tax proposals
  May 28, 2021
  The proposed $6 trillion fiscal year 2022 budget unveiled by the Biden Administration includes a host of tax items, including proposals to raise the corporate tax rate, raise the top […]