Getting letters from the IRS?

Tax professionals nationwide are asking the IRS to relieve the headaches of penalties and collection notices due to delays with IRS processing in 2020 and 2021. The four measures requested are: Discontinue automated compliance actions until the IRS is prepared to...
FAQs Updated for Child Tax Credit

FAQs Updated for Child Tax Credit

The Internal Revenue Service says it has updated the online frequently asked questions (FAQs) for the 2021 Child Tax Credit and the Advance Child Tax Credit. The objective, the agency says, is to help qualified taxpayers to claim the credit properly on their 2021...