The Latest Breaking News from Internal Revenue Service

Congress asks IRS to stop fines for taxpayers caught in backlog

WASHINGTON — The Internal Revenue Service is under pressure from a large group of lawmakers to stop penalties and pause automated collections from taxpayers whose returns have been caught in a processing backlog.

Tribune News Service · Jan 27, 2022

What's a 990 form? A charity accounting expert explains

Most tax-exempt nonprofits must file a 990 form with the Internal Revenue Service every year, typically in mid-May.

The Conversation · Jan 24, 2022

Susan Tompor: 5 things to know about IRS Letter 6419 and the child tax credit

Parents are flooded with paperwork every single day of the year. But this year, they absolutely want to keep track of one key letter — Letter 6419, to be sent to you by none other than the Internal Revenue Service.

Tribune News Service · Jan 21, 2022