IRS Addresses EIP Processing Issue in Updated FAQs
The Internal Revenue Service tonight clarified that economic impact payment recipients who had their ACH payments erroneously sent to an ...
Tag: IRS
IRS: ‘Get My Payment’ Portal Now Live
The Internal Revenue Service today announced that the Get My Payments portal—available in English and Spanish—is now live for individuals ...
IRS to Issue Regulations Confirming S-Corporation State Tax Deductions
The Internal Revenue Service on Monday announced that it intends to issue proposed regulations to confirm the federal deductibility of ...
IRS Finalizes Rule on Trusts, Estates Deductions
The IRS has issued a final rule confirming that deductions allowed under Internal Revenue Code section 67(e) for costs incurred ...
IRS Issues Guidance on IRA Distributions to State Unclaimed Property Funds
The Internal Revenue Service has issued two new guidance documents on the transfer of individual retirement account funds into a ...
ABA Advocates for Removal of Physical Presence Requirement for Spousal Consent
In a letter to the Internal Revenue Service yesterday, the American Bankers Association and several insurance trade groups requested that ...
IRS Exempts Lenders from Reporting PPP Loan Forgiveness
The IRS has issued new guidance directing lenders not to file information returns or furnish statements to borrowers to report ...
ABA Seeks Tax Reporting Exemption for PPP Loan Forgiveness Income
The American Bankers Association today wrote to congressional leaders urging them to exempt Paycheck Protection Program forgiveness income from tax ...
ABA Submits Recommendations for IRS Priority Guidance Plan
ABA today submitted its recommendations for items that should be included on the Internal Revenue Service’s priority guidance plan—a list ...
ABA Comments on IRS Proposal on Trust and Estate Deductions
In a comment letter last week, ABA offered feedback on a recent IRS proposal to address the treatment of deductions ...
