August 16, 2021: Notice 2021-50: Monthly pension interest rate notice for August 2021 updated the weighted average interest rates, yield curves, and segment rates to be published in IRB 2021-35 August 30, 2021.
August 16, 2021: September 2021 Applicable Federal Rates (AFR) were announced in Revenue Ruling 2021-26.
August 16, 2021: A Department of Justice Press Release announced that a federal court in the Southern District of Florida, West Palm Beach Division issued an injunction against Marcus Alty, Jeanait Mathurin, Prestige Tax Services Inc. (dba Just Tax Services LLC) and Excellent Tax Services “LLC” (dba Excellent Tax Services) finding that the defendants prepared tax returns making false or fraudulent claims often based on fabricated business income and expenses resulting in an alleged loss to the Treasury of $5 million, permanently banning four Palm Beach-area tax return preparers from preparing federal income tax returns and owning or operating tax return businesses.
August 16, 2021: The United States Tax Court met with various stakeholders to address concerns relating to the increased number of petitions being filed and to limit the potential for premature assessment and enforcement action.
August 17-19, 2021: Week five was the last week of the virtual 2021 IRS Nationwide Tax Forum.
August 17, 2021: IRS Security Summit partners issued a news release urging tax professionals to learn the signs of data theft so they can react quickly to protect clients.
August 18, 2021: e-News for Small Business Issue 2021-12 was published with topics including Employee Retention Credit updates; the credit for paid leave for COVID-19 immunization; relief in claiming the Work Opportunity Tax Credit; updating business information within 60 days of changes; the August 31 deadline for filing highway use tax.
August 18, 2021: A Department of Justice Press Release announced that a federal court in the Southern District of Florida held Milagros Espinal, a Miami-area tax preparer, in contempt for violating a permanent injunction barring her from preparing, filing or assisting in the preparation or filing of federal tax returns for others.
August 19, 2021: Truckers were reminded to pay the heavy highway vehicle use tax by August 31 in an IRS Tax Tip.
August 19, 2021: QuickAlert: September 10, 2021 is the Last Day to Submit Form 4419, Application for Transmitter Control Code for Filing Information Returns Electronically. The next opportunity will be September 26, 2021.
August 19, 2021: A QuickAlert announced that the FIRE System Production Login will require additional information beginning September 15, 2021: Transmitter Control Code (TCC), EIN and legal business name, and will require an exact match with the information in the FIRE System.
August 20, 2021: The IRS issued the FAQ Sheet: Take Charge of Your Child Tax Credit Payments about using the update portal to sign up for direct deposit, change accounts or stop all payments, and a news release announcing a new update address feature.
August 20, 2021: Closing of Individual P.O. Box Addresses: Certain Post Office Boxes in Hartford, CT and San Francisco, CA will be closed Effective January 1, 2022.
August 20, 2021: The IRS released its Written Determinations weekly list.