Tax Blog
Tips to help you prepare for tax season
Taxpayers Don’t Have to Repay Excess APTC for TY2020
The American Rescue Plan Act brought a third round of Economic Impact Payment and plenty of changes to tax credits, including how the agency approaches the Premium Tax Credit (PTC).… Read more about Taxpayers Don’t Have to Repay Excess APTC for TY2020 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Guidance Explains Temporary Increase in Food and Beverage Deduction
The IRS has unveiled guidance that temporarily throws open the gates to recouping 100 percent of the expense for certain food and beverage purchases. The new rules for this business deduction went into effect on Jan.1 of this year.… Read more about Guidance Explains Temporary Increase in Food and Beverage Deduction (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Some Taxpayers in for an RRC Surprise
Some taxpayers are getting a little something extra this tax season, along with claiming the 2020 Recovery Rebate Credit. The little extra is a letter from the Internal Revenue Service because some taxpayers may not be getting the amounts from the RRC they expected.… Read more about Some Taxpayers in for an RRC Surprise (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
More Than 130 Million EIPs Have Been Sent Out with More to Come
Employees of three federal agencies are keeping very busy these days, sending out the millions of Economic Impact Payments (EIPs) to Americans in need.… Read more about More Than 130 Million EIPs Have Been Sent Out with More to Come (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Consider Amending Returns That Didn’t Take Unemployment Compensation Exclusion
Major tax legislation usually causes a period of confusion as taxpayers and tax professionals wait for official guidance on complex provisions. The American Rescue Plan Act of 2021 is no different.… Read more about Consider Amending Returns That Didn’t Take Unemployment Compensation Exclusion (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Additional Tax Deadlines Pushed Back by IRS
Taxpayers are getting more time to meet some tax deadlines that would normally fall on April 15, such as making IRA contributions and filling certain claims for a refund.… Read more about Additional Tax Deadlines Pushed Back by IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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