The IRS will begin sending advance monthly Child Tax Credit (CTC) checks starting on July 1, according to testimony to Congress by the IRS Commissioner. The American Rescue Plan Act (ARPA) expanded the CTC...

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Are you exploring whether alternative energy technologies can help you manage the cost of energy use in your business? If so, you should be aware of a federal income tax benefit: the business energy...

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A key tax deadline is here. The IRS has extended many tax due dates to May 17, 2021, but some April 15 deadlines remain. This includes the filing of a “Report of Foreign Bank...

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The IRS’s Get My Payment tool provides taxpayers with information about the status of their 2021 Economic Impact Payments. So, what information can you expect to receive when using the tool? Among other things,...

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The IRS has updated its FAQs on higher education emergency grants to address questions related to the CARES Act. Enacted in 2020, it allows institutions of higher education to use certain funds to support...

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The IRS has provided guidance to employers claiming the employee retention credit (ERC) for 2021. In Notice 2021-23, the IRS explains how employers can determine their eligibility for, and the amount of, the ERC...

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The IRS has a new warning for university students and staff, as well as anyone with “.edu” in their email addresses. Email addresses associated with education institutions are the primary target of an IRS-impersonation...

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A new report, presented at a U.S. Senate Committee on Financing hearing, describes present-law and prior-law tax incentives for domestic manufacturers. The report (JCX-15-21) details current rules relating to depreciation, including certain first-year expensing...

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