It’s only the third week of May, but there are a lot of updates coming from the IRS. Here’s a recap of the top stories:
Face-to-face IRS help without an appointment available during special Saturday opening on May 14
May 10, 2022 — Although filing season has come and gone, the IRS recognizes taxpayers still need assistance.
IRS provides guidance for residents of Puerto Rico to claim the Child Tax Credit
May 6, 2022 — The IRS issued guidance for certain individuals in Puerto Rico on how to file and claim the Child Tax Credit payments that they are entitled to receive under the American Rescue Plan Act.
For National Small Business Week, special tax credit can help employers hire workers; key certification requirement applies
May 6, 2022 — With many businesses facing a tight job market, the IRS reminds employers to check out a valuable tax credit available for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment.
Ahead of hurricane season, IRS offers tips on ways to prepare for natural disasters
May 5, 2022 — The IRS reminded taxpayers that May includes National Hurricane Preparedness Week and is National Wildfire Awareness Month. This is a good time to create or review an emergency preparedness plan, including steps to protect important tax-related information.
Low Income Taxpayer Clinic 2023 grant application period now open – National Taxpayer Advocate calls for applicants looking to serve their communities and uphold taxpayer rights
May 2, 2022 — The IRS announced the opening of the application period for Low Income Taxpayer Clinic (LITC) matching grants for calendar year 2023. Applications will be accepted from May 2 to June 16, 2022.
About National Association of Tax ProfessionalsThe National Association of Tax Professionals (NATP) is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. NATP is comprised of over 23,000 leading tax professionals who believe in a superior standard of ethics and exemplify professional excellence. Members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The organization welcomes all tax professionals in their quest to continually meet the needs of the public, no matter where they are in their careers.
The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.
Information included in this article is accurate as of the publish date. This post is not reflective of tax law changes or IRS guidance that may have occurred after the date of publishing. All taxpayer circumstances are different, and NATP recommends contacting research services if you have specific questions about your clients’ tax situations.