by Bill Fritton | Oct 12, 2020 | IRS
COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code. National tax and accounting firm Grant Thornton LLP has developed... by Bill Fritton | Jun 12, 2020 | IRS
Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll Protection Program; the president signed it into law on June 5. The new law runs only about 1,000 words, but contains several major changes that vastly extend... by Bill Fritton | Feb 21, 2020 | IRS, News
Revenue officers from the Internal Revenue Service are fanning out across the country to tell wealthy taxpayers who haven’t filed taxes in at least a year that they need to pay up, the federal tax collector said this week. The in-person visits will target taxpayers... by Bill Fritton | Aug 12, 2019 | IRS, News
The Taxpayer First Act of 2019 is redesigning how the IRS works with taxpayers, even though it may take a while for many of the provisions to take effect. Some experts have highlighted the following aspects of the bill as especially important: An independent appeals... by Bill Fritton | Mar 4, 2019 | IRS, News
The Internal Revenue Service today reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes. To avoid delays in travel plans, taxpayers need to take prompt action to resolve their tax issues.... by Bill Fritton | Jan 17, 2019 | IRS, News
WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally...
