National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.
A revised version of the Build Back Better Act released by the House includes sweeping changes to the U.S. international tax system.
The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.