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IRS Announces Relief from Filing Penalties for Certain Taxpayers Affected by COVID-19, Notice 2022-36; IR-2022-155
The IRS announced broad-based penalty relief for taxpayers affected by the COVID-19 pandemic. The relief applies to failure to file penalties and certain international information return (IIR) penalti...

IRS Advises Taxpayers On Compliance For Improperly Forgiven Paycheck Protection Program Loans, IR-2022-162
The IRS has issued guidance to taxpayers, who have inappropriately received forgiveness of their Paycheck Protection Program ('PPP') loan, and has encouraged them to take steps towards compliance, suc...

Taxpayers Urged to Develop Natural Disaster Emergency Preparedness Plans, IR-2022-156
The IRS has reminded taxpayers to develop emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country....

IRS Issues Guidance on Pre-Screening And Certification Process for WOTC, IR-2022-159
The IRS has released information regarding the pre-screening and certification process for employers taking advantage of the Work Opportunity Tax Credit (WOTC). ...

Pandemic Business Relief Delays Continue Amid Processing Delays
Businesses are still waiting for pandemic relief made available to them during the COVID-19 outbreak amid ongoing processing delays at the Internal Revenue Service, according to the Treasury Inspector...

IRS Releases Exceptions to Canceled Student Loan Debt In Income
The IRS has released a list of exceptions for the inclusion of a cancelled student loan debt in income. Generally, had a taxpayer's student loan been cancelled or repaid by someone else, the taxpayer ...

IRS Infrastructure Upgrades Will Protect Honest Taxpayers – Treasury Secretary Yellen
Upgrading the Internal Revenue Service’s antiquated information technology infrastructure will help honest taxpayers, especially those making $400,000 or less, from being audited, Department of the ...

How Do I? Get back start-up expenses in starting a business as quickly as possible
The American Jobs Creation Act of 2004 (2004 Jobs Act) changed the rules for start-up expenses in both favorable and unfavorable ways. Start-up expenditures are amounts that would have been deductible...

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