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IRS Child Tax Credit letters may have wrong information

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

United statesLarry grayJina etienneKen corbinSteve mankowskiNational society of tax professionalsRevenue serviceNational association of black accountantsAmerican instituteNational society of black cpasInvestment divisionPadgett business servicesNational conferenceNational association of tax professionalsNational association of enrolled agentsNational society of accountants

Arizona, federal tax filing season started Monday Here s what to know

"It could be a frustrating filing season, for both taxpayers and tax preparers," IRS Commissioner Chuck Rettig said.

United statesKen corbinChuck rettigRevenue serviceAmerican instituteFree file allianceTaxpayer assistance centersNational association of enrolled agentsDepartment of revenueArizona department of revenueInternal revenue serviceNational associationEnrolled agentsArizona departmentFile allianceTurbo tax

From filing taxes to financial advice, here s what s new in 2022

The new year is bringing some notable changes in the financial arena, including a major IRS partner who has dropped out of the Free File program.

United statesErin collinsRyan brownRevenue serviceNational taxpayerAmerican instituteNational association of enrolled agentsConsumer financial protection bureauCr myers associatesUs department of labor fiduciary ruleFree fileInternal revenue serviceFiduciary ruleIndividual retirement accountNational taxpayer advocateChild tax credit

IRS having difficulty processing power of attorney forms

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges.

United statesJoe manchinEdward rennTasos katopodis bloombergKyrsten sinemaRevenue serviceNational association of black accountantsSenate finance committeeAmerican instituteNational conferenceNational association of tax professionalsTax administrationNational association of enrolled agentsManagers associationNational taxpayer advocate erin collinsMeans committee

Tax practitioner coalition urges IRS to step up for tax season

The groups want the service to reduce unnecessary burdens on taxpayers and tax preparers.

United statesStephen mankowskiRoger harrisNational society of tax professionalsRevenue serviceNational association of black accountantsAmerican instituteNational society of black cpasPadgett business servicesNational conferenceNational association of tax professionalsNational association of enrolled agentsNational society of accountantsLatino tax proNational associationBlack accountants

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