New identity verification process to access certain IRS online tools and services FS-2021-15, November 17, 2021 — The IRS has updated how users sign in and verify their identity for certain IRS online services with a mobile-friendly platform that relies on trusted third parties and provides an improved user experience. IRS updates 2020 Unemployment Income Exclusion Frequently Asked Questions PDF FS-2021-14, November 2021 — IRS updates 2020 Unemployment Income Exclusion Frequently Asked Questions. 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions; Update to Topic A: General Information and Topic F: Updating Your Child Tax Credit Information During 2021 PDF FS-2021-13, November 2021 — This Fact Sheet updates the Advance Child Tax Credit Topic A FAQs by adding a new question, question 17, under Topic A and Topic F FAQs by adding new questions, question 2 through question 6, under Topic F. Details on using e-signatures for certain forms FS-2021-12, September 2021 — To help reduce burden for the tax community, the IRS allows taxpayers to use electronic or digital signatures on certain paper forms they cannot file electronically. The agency is balancing the e-signature option with critical security and protection needed against identity theft and fraud. Understanding the importance of electronic signatures to the tax community, the IRS offers an overview about using them on certain forms. Take charge of your Child Tax Credit payments: How to use the IRS update portal to sign up for direct deposit, change accounts or stop all payments FS-2021-11, August 2021 — Many families are asking how they can change the bank account where they get their monthly Child Tax Credit payment. Child Tax Credit: Most eligible families will automatically receive monthly payments. For everyone else, here are three steps to get help FS-2021-10, July 2021 — Starting July 15, millions of American families will automatically begin receiving monthly Child Tax Credit payments from the Treasury Department and the IRS. Under the American Rescue Plan, employers are entitled to tax credits for providing paid leave to employees who take time off related to COVID-19 vaccinations FS-2021-09, April 2021 — The American Rescue Plan Act of 2021 allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations. More details about changes for taxpayers who received advance payments of the 2020 Premium Tax Credit FS-2021-08, April 2021 — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium Tax Credit (excess APTC) for tax year 2020. How to report foreign bank and financial accounts FS-2021-07, April 2021 — U. S. persons maintain overseas financial accounts for a variety of legitimate reasons, including convenience and access. IRS information letters about Economic Impact Payments and the Recovery Rebate Credit FS-2021-06, April 2021 — For taxpayers who received a letter from the Internal Revenue Service about their Recovery Rebate Credit, here are answers to frequently asked questions. Updated details about the third round of Economic Impact Payments FS-2021-05, March 2021 — The Internal Revenue Service and the Treasury Department are disbursing the third round of Economic Impact Payments (EIP3s) to the public as rapidly and securely as possible. More details about the third round of Economic Impact Payments FS-2021-04, March 2021 — The Internal Revenue Service, on behalf of the Treasury Department, worked to quickly begin delivery of the third round of Economic Impact Payments authorized by Congress in the American Rescue Plan Act in March 2021. Here are answers to some common questions about this set of stimulus payments, which differ in some ways from the first two sets of stimulus payments in 2020, referred to as EIP1 and EIP2. Understand how to report large cash transactions FS-2021-03, February 2021 — Although many cash transactions are legitimate, the government can often trace illegal activities through payments reported on complete, accurate Forms 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. Here are facts on who must file the form, what they must report and how to report it. Be tax ready: Understand how life changes may affect the 2020 tax return filed this year FS-2021-02, February 2021— On February 12, the IRS will begin processing 2020 tax returns. This year for the first time, the Form 1040 and Form 1040-SR are available in Spanish. There are also some other changes and some special circumstances related to COVID-19 that the IRS wants taxpayers to think about before filing. Tax professionals: How to use new "Submit Forms 2848 and 8821 Online" FS-2021-01, January 2021 — Tax professionals can use a new online tool to upload authorization forms with either electronic or handwritten signatures. This new tool is part of the Internal Revenue Service’s efforts to develop remote transaction options that help tax practitioners and their individual and business clients reduce face-to-face contact. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
Under the American Rescue Plan, employers are entitled to tax credits for providing paid leave to employees who take time off related to COVID-19 vaccinations FS-2021-09, April 2021 — The American Rescue Plan Act of 2021 allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations.
