IRS unveils new online identity verification process for accessing self-help tools
The Internal Revenue Service today announced the launch of an improved identity verification and sign-in process that enables more people to securely access and use IRS online tools and applications. Taxpayers using the new mobile-friendly verification procedure can gain entry to existing IRS online services such as the: Child Tax Credit Update Portal, Online Account,…
Tax professionals can now order more transcripts from the IRS
The Internal Revenue Service today announced that, effective Nov. 15, 2021, tax professionals are able to order up to 30 Transcript Delivery System (TDS) transcripts per client through the Practitioner Priority Service® line. This is an increase from the previous 10 transcripts per client limit. “Increasing the number of transcripts a caller can receive addresses the concerns…
IRS provides guidance on per diem rates and the temporary 100% deduction for food or beverages from restaurants
The Internal Revenue Service today issued Notice 2021-63 PDF to make clear how the temporary 100% business deduction for food or beverages from restaurants applies to taxpayers properly applying the rules of Revenue Procedure 2019-48 PDF for using per diem rates. Previously, the IRS issued Notice 2021-25 PDF providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020, which added a temporary…
Child Tax Credit: New update address feature available with IRS online portal; make other changes by August 30 for September payment
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Security Summit warns tax pros to watch for tell-tale signs of identity theft
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IRS provides relief for certain employers claiming the Work Opportunity Tax Credit
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