The Internal Revenue Service says it’s pulling out all the stops to come to agreement with taxpayers who owe back taxes. Through its Office of Chief Counsel, the agency announced the significant expansion of its Settlement Days program and proclaimed March 2021 is now “National Settlement Month.”… Read more about IRS Announces March is National Settlement Month (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The sweeping American Rescue Plan Act of 2021 may have greenlit the third round of economic impact payments, but it also includes changes to several tax credits—many of which were designed to provide relief to struggling Americans whose finances took a hit during the pandemic. One of those affected tax credits helps both employees and businesses: the employee retention credit, or ERC.… Read more about Employee Retention Credit Updated by the American Rescue Plan (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service says more Economic Impact Payments (EIP3) are coming this week—a second round that will include paper checks and prepaid debit cards.… Read more about IRS Now Sending EIP Checks, Debit Cards (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Much like last year, the 2021 filing season has been characterized by challenges. The season started later than usual, tax professionals and taxpayers continue to manage pandemic safety precautions, and guidance is pending for the retroactive tax law changes included in the American Rescue Plan Act of 2021 that President Biden signed into law last week.… Read more about Tax Day Pushed Back to May 17 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
There are a lot of things vying for our attention these days: the coronavirus, vaccine opportunities, new Economic Impact Payments—all worthy topics. But when it comes to taxes, recent changes to retirement plan rules also shouldn’t go unnoticed.… Read more about Don’t Overlook Recent Changes to Retirement Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…