The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season.
In Revenue Procedure 2021-34, IRS has provided procedures for taxpayers to obtain automatic consent to change methods of accounting to comply with final regs regarding Code Sec.
IRS has set out how self-employed individuals and household employers should make payments of social security taxes that they deferred under a provision of the 2020 Coronavirus Aid, Relief, and Eco
Under the “What Can You Expect” section of the Mission-critical functions webpage, the IRS states it is opening mail within normal timeframes and all paper and electronic individual returns receive
The IRS has provided instructions for returning advance child tax credit payments (CTCs) that the recipient did not qualify for or, for other reasons, wishes to return.