IRS kicks off tax season with extended hours, service and tools

IRS kicks off tax season with extended hours, service and tools

The Internal Revenue Service began accepting tax returns Monday, promising improved help to taxpayers and new resources both in-person and online, and more of today’s top stories.?

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IRS kicks off tax season with extended hours, service and tools

The IRS anticipates it will receive over 146 million individual tax returns by the April 15 deadline.?

In other news today:

IRS and tax pros gird for filing season amid congressional uncertainty

As the Internal Revenue Service and tax professionals prepare for the start of tax season, last-minute tax law changes are possible thanks to a deal working its way through Congress.

Bill would require IRS returns to have scannable bar code

A recently introduced bill would, if passed, require the IRS to add scannable bar codes to electronically prepared paper returns, to encourage process efficiency.

Tech news: Drake Software releases DrakePay for accounting pros

Plus, Prismatic launches multi-entity business solution with blockchain-like technology; and other accounting technology updates.

On the move: Lavine Lofgren names next MP

Armanino elevates 16 to partnership; Blue & Co. appoints next CIO; and more news from across the profession.

Yellen: Biden would extend some Trump tax cuts

Parts of Trump's 2017 tax-cut package will expire in 2025, and Biden would only extend tax breaks for individuals earning less than $400,000 a year.

Oren Adler, CPA

CPA | Tax-Strategy, Tax-Savings | Business & Personal clients. Start-Ups, Existing Business.

9 个月

But dont eFile because CTC might change. FML

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