Keep cool and head to Alaska this summer — it's now possible. The great Alaska adventure is now underway – Royal Caribbean is and recently announced its first cruise line to sail to the Last Frontier since September 2019. Serenade of the Seas kicked off its summer season when it [...]
The Internal Revenue Service announced said it will issue another round of refunds to nearly 4 million taxpayers who overpaid their taxes on unemployment compensation received last year. The American Rescue Plan Act of 2021, which became law in March, excludes up to $10,200 in 2020 unemployment compensation from taxable [...]
Tuesday, July 13, is the last day for tax professionals to register to attend the 2021 IRS Virtual Nationwide Tax Forum and have access to all 30 webinars, including IRS Commissioner Chuck Rettig's keynote address on the first day of the forum. The 2021 Tax Forum is being held over [...]
The Department of the Treasury and the Internal Revenue Service have issued guidance for taxpayers developing renewable energy projects to address delays related to the COVID-19 pandemic. In prior IRS notices, the Treasury Department and the IRS established the Continuity Safe Harbor that allows an eligible renewable energy project to [...]
The Internal Revenue Service recently issued the Data Book detailing the agency's activities during fiscal year 2020 (Oct. 1, 2019 – Sept. 30, 2020). "This year's Data Book describes the important work that IRS employees accomplish on behalf of the public," said IRS Commissioner Chuck Rettig in an IRS news [...]
Need a job? The Internal Revenue Service is looking to hire motivated acquisition professionals interested in providing America's taxpayers top-quality service. The agency's Procurement office plans to fill 80 vacancies nationwide, many of which are contract specialists. The IRS Procurement office provides acquisition services for IRS business units, Treasury departmental [...]
The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service report they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan. The recent announcement covers the most recent two weeks of the effort brings the total disbursed [...]
The Internal Revenue Service reminded taxpayers living and working outside of the United States that they must file their 2020 federal income tax return by Tuesday, June 15. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Just as most taxpayers in the [...]
The Internal Revenue Service announced that its 2021 Virtual IRS Nationwide Tax Forum will be held over five weeks starting July 20, with a series of live-streamed webinars every Tuesday, Wednesday, and Thursday. Held each summer for 30 years, the IRS Nationwide Tax Forums are the IRS's marquee outreach event [...]
The Internal Revenue Service provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). Notice 2021-31 PDF provides guidance for employers, plan administrators, and health insurers regarding the new credit available to them for providing [...]
