Five statistical tables containing estate tax return data for Filing Year 2021 are now available on SOI's Tax Stats webpage. Due to the relatively long filing period, estate tax returns filed in a single calendar year may be for decedents who died in several different years. Table 1 contains data from estate tax returns filed…
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Grandparents and others with eligible dependents shouldn’t miss out on the 2021 child tax credit
Grandparents, foster parents or people caring for siblings or other relatives should check their eligibility to receive the 2021 child tax credit. People who claim at least one child as their dependent may not realize they could be eligible to benefit from the child tax credit. Eligible taxpayers who received advance child tax credit payments last year should…
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2023 PTIN renewal period underway for tax professionals
WASHINGTON — The Internal Revenue Service urges the nation's more than 750,000 active tax return preparers to start the upcoming 2023 filing season smoothly by renewing their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire Dec. 31, 2022. Anyone who prepares or helps prepare a federal tax return for compensation must have…
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IRS quickly moves forward with taxpayer service improvements; 4,000 hired to provide more help to people during 2023 tax season on phones
WASHINGTON – The Internal Revenue Service announced today significant progress to prepare for the 2023 tax filing season as the agency passed a milestone of hiring 4,000 new customer service representatives to help answer phones and provide other services. These assistors have been hired over the last several months and are being trained to provide…
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