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...
IRS Announces Start of Filing Season

IRS Announces Start of Filing Season

It’s official: The Internal Revenue Service says it will start accepting 2021 tax year returns on January 24, kicking off tax season. The somewhat late start for individual tax filers allows the agency the extra time needed to get their computer systems programmed and...
Form 1024 Revised for Electronic Filing

Form 1024 Revised for Electronic Filing

No doubt about it: The future for the IRS is electronic. The agency is putting more and more formerly paper-only functions on its electronic platform, speeding up transmission and improving service as a result. Form 1024, Application for Recognition of Exemption under...