American agriculture is in the grip of a major drought, with many farmers and ranchers forced to sell off major portions of their herds to avoid starvation.… Read more about Drought-Stricken Farmers, Ranchers Get Tax Relief from IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Anyone who has prepared tax returns professionally knows that change is the rule, not the exception. When tax laws change, the Internal Revenue Service has the unenviable task of making sense of legislation or executive actions that directly impact the tax industry.… Read more about Final Regulations for Estate and Non-Grantor Trust Deductions, 100 Percent Bonus Depreciation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

More than 150 million tax returns have been sent to the Internal Revenue Service, but many taxpayers still need to file for tax year 2019. That’s why the IRS recently reminded taxpayers that the extension deadline is less than a month away.… Read more about IRS Reminds Taxpayers About Extension Deadline (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Some nine million letters are being sent later this month in a special mailing to people who haven’t had a need to file a tax return but may qualify for a Economic Impact Payment (EIP).… Read more about IRS Readies Nine Million Letters to Non-Filers on EIPs (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Many Oregon taxpayers are dealing with the damage caused by recent wildfires and severe storms. While victims have been forced to flee their homes beneath a smoky, orange sky, at least they have one less thing to worry about: The looming October 15 tax extension deadline.… Read more about New Extension Deadline for Oregon Wildfire Victims (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service says it’s continuing to look for ways to assist taxpayers taxpayers who’ve been affected by the COVID-19 pandemic. To that end, the agency is reminding taxpayers and tax… Read more about Requests for Letter Rulings Expedited by IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…