News

Filter by Category:

  • IRS announces job openings to hire over 700 new employees across the country to help taxpayers in person

    November 15, 2022

    IR-2022-197, Nov. 9, 2022 WASHINGTON – In addition to the more than 4,000 people recently hired to fill critical customer service representative positions, the Internal Revenue Service is now seeking over 700 new employees to help taxpayers at Taxpayer Assistance Centers across the country.

  • IRS Announces Acting Commissioner

    October 31, 2022

  • Legal Notice - DFA Adopt Rule 2022-6 Elective Pass Through Entity Tax

    September 9, 2022

    In compliance with Act 434 of 1967, The Arkansas Administrative Procedure Act, as Amended, notice is hereby given the Department of Finance and Administration intends to Adopt Rule 2022-6, titled, Arkansas Elective Pass-Through Entity Tax.

  • IRS Relieves Penalties for 2019 and 2020

    September 1, 2022

    A broad range of tax and information returns for 2019 and 2020 tax years will receive automatic relief from failure-to-file penalties, under Notice 2022-36 released by the IRS.

  • AICPA Seeking Input on 2024 CPA Exam Blueprints

    July 20, 2022

    The proposed 2024 CPA Exam, redesigned in response to the changing landscape of accountancy and focused on competencies crucial to the success of newly licensed CPAs, is available for review and comment.

  • IRS increases mileage rate for remainder of 2022

    June 13, 2022

    IR-2022-124, June 9, 2022 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.

  • IRS offers further K-2/K-3 relief

    February 25, 2022

  • IRS continues work to help taxpayers; suspends mailing of additional letters

    February 10, 2022

    IR-2022-31, Feb. 9, 2022 WASHINGTON – As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return. These mailings include balance due notices and unfiled tax return notices. The IRS entered this filing season with several million original and amended returns filed by individuals and businesses that have not been processed due to challenges of the historic pandemic and is taking this step to help avoid confusion for taxpayers and tax professionals.

  • Taxpayer Advocate Coalition Releases Statement on IRS Actions Offering Limited Taxpayer Relief

    January 27, 2022

    The Tax Professionals United for Taxpayer Relief coalition have released a statement in response to recent actions by the Internal Revenue Service (IRS) to suspend “some notices to taxpayers” for the upcoming tax filing season.

  • AICPA Comments on Recent IRS Statement: ‘We Believe That There Is More They Can Do’

    January 27, 2022

    Following calls by the Tax Professionals United for Taxpayer Relief Coalition, and members of both the Senate and the House for the Internal Revenue Service (IRS) to provide meaningful relief to taxpayers ahead of this tax filing season, the IRS announced today its intention to stop some notices to taxpayers as they increase resources to process backlogged files