Tax & Current Accounting Topics

All third Economic Impact Payments issued; parents of children born in 2021 

https://www.irs.gov/newsroom/all-thir... 

https://accountinginstruction.info/

The Internal Revenue Service announced today that all third-round Economic Impact Payments have been issued and reminds people how to claim any remaining stimulus payment

IRS Tax Tip How a taxpayer’s filing status affects their tax return  

https://www.irs.gov/newsroom/how-a-ta... 

https://accountinginstruction.info/

A taxpayer's filing status tells the IRS about them and their tax situation.

IRS Chief Counsel looking for 200 experienced attorneys to focus on abusive tax deals; job openings posted

 https://www.irs.gov/newsroom/irs-chie... 

https://accountinginstruction.info/

The Internal Revenue Service's Office of Chief Counsel today announced plans to hire up to 200 additional attorneys to help the agency combat syndicated conservation easements, abusive micro-captive insurance arrangements and other tax schemes.

January 31 wage statement deadline reminder for employers 

https://www.irs.gov/newsroom/january-... 

https://accountinginstruction.info/

The Internal Revenue Service today urged employers to be aware of the January deadline to file Forms W-2 and other wage statements.

Understanding the adoption tax credit IRS Tax Tip 

https://www.irs.gov/newsroom/understa... 

https://accountinginstruction.info/

Taxpayers who adopted or started the adoption process in 2021 may qualify for the adoption credit. This credit can be applied to international, domestic private, and public foster care adoption. Taxpayers who adopt their spouse's child can't claim this credit.

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Get ready for taxes: Bookmark IRS.gov resources and online tools to use before, during and after filing 

https://www.irs.gov/newsroom/get-read... 

https://accountinginstruction.info/

The Internal Revenue Service today encouraged taxpayers to use IRS online tools and resources to find the information they need to be ready to file their 2021 federal tax returns, including important special steps related to Economic Impact Payments and advance Child Tax Credit payments.

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays https://www.irs.gov/newsroom/national... 

https://accountinginstruction.info/

National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021

IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments

 https://www.irs.gov/newsroom/irs-upda... 

https://accountinginstruction.info/

The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

IRS selects new IRSAC members for 2022

https://www.irs.gov/newsroom/irs-sele... 

https://accountinginstruction.info/

The Internal Revenue Service today announced the appointment of nine new members to the Internal Revenue Service Advisory Council (IRSAC).