Tax Blog
Tips to help you prepare for tax season
IRS Sets Nov. 10 as “National EIP Registration Day”
The Internal Revenue Service is continuing its push to get non-filers to register so they can receive an Economic Impact Payment or EIP.… Read more about IRS Sets Nov. 10 as “National EIP Registration Day” (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Announces 2021 Income Ranges for IRA, Saver’s Credit Eligibility, and More
Taxpayers trying to plan their 2021 deductible retirement plan contributions will be happy to learn that the Internal Revenue Service this week published Notice 2020-79.… Read more about IRS Announces 2021 Income Ranges for IRA, Saver’s Credit Eligibility, and More (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New Stricter Settlement Deal in Play for Micro-Captive Insurance Schemes
The Internal Revenue Service has revealed a second settlement effort for taxpayers under audit who took part in abusive micro-captive insurance transactions.… Read more about New Stricter Settlement Deal in Play for Micro-Captive Insurance Schemes (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New 1065 Instructions Unveiled
The Internal Revenue Service has released an early draft of the instructions to Form 1065, U.S. Return for Partnership Income for tax year 2020 (filing season 2021). The changes include revised instructions for partnerships that are required to report capital accounts to partners on Schedule K-1 (Form 1065).… Read more about New 1065 Instructions Unveiled (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Event to Fight Charity Fraud
This week has been set aside by the Internal Revenue Service and charitable organizations across the globe to highlight their annual International Charity Fraud Awareness Week (ICFAW).… Read more about IRS Event to Fight Charity Fraud (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Tax Relief for Wildfire and Hurricane Victims
Taxpayers dealing with the fallout from wildfires in California and Hurricane Delta in Louisiana yesterday received some good news from the Internal Revenue Service. Following the Federal Emergency Management Agency’s disaster declarations for affected areas, the IRS is giving victims additional time to meet certain filing and payment deadlines.… Read more about Tax Relief for Wildfire and Hurricane Victims (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…