Tax & Current Accounting Topics

IRS reminds tax professionals that it’s time to renew PTINs

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

https://accountinginstruction.info/

The Internal Revenue Service reminds the more than 759,000 federal tax return preparers they must renew their Preparer Tax Identification Numbers (PTINs) now for 2022. All current PTINs will expire December 31, 2021.

IRS Tax Tip Here’s what taxpayers should know about backup withholding 

https://www.irs.gov/newsroom/heres-wh... 

https://accountinginstruction.info/

Backup withholding ensures that the government is paid the correct amount of taxes on specific types of payments reported on certain Forms 1099 and W-2G.

IRS reminds employers to e-file payroll tax returns timely 

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

https://accountinginstruction.info/

The Internal Revenue Service today reminded employers that the next quarterly payroll tax return is due November 1, 2021. The IRS urges employers to use the speed and convenience of filing the returns electronically.

IRS Tax Tip Here’s how people can become an IRS-certified volunteer The IRS and its community partners encourage people to make a difference in communities across the country by becoming an IRS-certified volunteer. These volunteers will help taxpayers file their tax returns during the upcoming tax season.

IRS tax resources for the blind and visually impaired 

ttps://www.irs.gov/newsroom/irs-tax-... 

https://accountinginstruction.info/

All taxpayers should receive tax information in a format that is accessible to them. The IRS Alternative Media Center provides resources and accessibility services to taxpayers with disabilities.

IRS joins international organizations in fighting charity fraud during special awareness week 

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

https://accountinginstruction.info/

The Internal Revenue Service is joining international organizations and other regulators in highlighting Charity Fraud Awareness Week, October 18-22

IRS extends videoconferencing to large business taxpayers 

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

https://accountinginstruction.info/

The Internal Revenue Service today announced that beginning October 18, the IRS's large business division will accept all taxpayer requests to meet with IRS employees using secure videoconferencing.

IRS updates process for frequently asked questions on new tax legislation and addresses reliance concerns 

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

https://accountinginstruction.info/

Today, the Internal Revenue Service is updating its process for certain frequently asked questions (FAQs) on newly enacted tax legislation

IRS sets forth required information for a valid research credit claim for refund

IRS News IRS: Families now receiving October Child Tax Credit payments; still time for eligible families to sign up for advance payments https://www.irs.gov/newsroom/irs-fami... 

https://accountinginstruction.info/

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 October.