IRS Refund Tool Improvements

The IRS has updated its Where’s My Refund? tool for the 2024 filing season to provide additional information to taxpayers. The tool provides taxpayers with confirmation that the IRS has received a federal income tax return, whether a refund has been approved and the date the refund was issued for the 2021 through 2023 tax […]

IRS helps taxpayers by providing penalty relief

IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns with unpaid balances In a major step to help people who owe back taxes, the IRS announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the […]

IRS Begins Audits of Corporate Jet Usage

The IRS has announced that it plans to begin dozens of audits related to the personal use of business aircraft after conducting few examinations of aircraft use for the past decade due to a lack of resources. The audits will focus on whether the usage of aircraft by large corporations, large partnerships and high-income taxpayers […]