Tax & Current Accounting Topics

IRS accepting applicants for the Compliance Assurance Process for 2022

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

https://accountinginstruction.info/

The Internal Revenue Service announced today the opening of the application period for the 2022 Compliance Assurance Process (CAP) program.

Important additional guidance for employers claiming the employee retention credit 

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

https://accountinginstruction.info/

The IRS recently issued further guidance on the employee retention credit.

Child Tax Credit: New update address feature available with IRS online portal; make other changes by August 30 for September payment.. https://www.irs.gov/newsroom/child-ta...

https://accountinginstruction.info/

The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their mailing address using the Child Tax Credit Update Portal

IRS Tax Tip  Truckers must pay heavy highway vehicle use tax by August 31 

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

https://accountinginstruction.info/

The heavy vehicle use tax is assessed annually on heavy highway motor vehicles operating on public highways with a taxable gross weight of 55,000 pounds or greater.

IRS Tax Tip Retirement and taxes: Understanding IRAs 

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

https://accountinginstruction.info/

Individual Retirement Arrangements, or IRAs, provide tax incentives for people to make investments that can provide financial security for their retirement.

Security Summit warns tax pros to watch for tell-tale signs of identity theft

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

https://accountinginstruction.info/

COVID Tax Tip Here’s how tax pros can help clients battle unemployment related identity theft 

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

https://accountinginstruction.info/

As part of this year's summer campaign Boost Security Immunity: Fight Against Identity Theft,

COVID Tax Tip What people should and should not do if they get mail from the IRS

 https://www.irs.gov/newsroom/what-peo...

https://accountinginstruction.info/

Every year the IRS mails letters or notices to taxpayers for many different reasons.

IRS: Families now receiving August Child Tax Credit payments; still time for low-income families to sign up 

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 August

IRS Tax Tip What taxpayers need to know about making 2021 estimated tax payments 

https://www.irs.gov/newsroom/what-tax...

https://accountinginstruction.info/

Small business owners, self-employed people, and some wage earners should look into whether they should make estimated tax payments this year.