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…
Students and their higher-education institutions are getting a clearer picture of how to report pandemic-related emergency financial aid grants. Or not.… Read more about Emergency COVID Aid to Students Deemed Not Taxable (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
A new announcement from the Internal Revenue Service should come as welcome news to front-line health care workers nationwide. Announcement 2021-7 clarifies existing language to assure taxpayers that the purchase of personal protective equipment (PPE) can be deductible.… Read more about IRS Says PPE Expenses Could be Deductible (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The CARES Act was the first of three major COVID-relief packages that have infused the US economy with stimulus funds provided for items like direct payments, new and expanded tax credits, forgivable business loan programs, and extended unemployment insurance. Identity thieves responded by deploying a host of scams that try to steal those federal dollars from hard-hit Americans, leading to a near-constant stream of alerts from the Internal Revenue Service and the Federal Trade Commission.… Read more about FTC Warns of New Unemployment Identity Theft Scam (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
It’s easy to imagine that early bird tax filers are punctual in everything they do, maybe even embodying that Ben Franklin wisdom about bedtimes. While they may be the salt of the earth—generally making filing season just a little easier for tax pros—some may get a little impatient when it comes to their refund status.… Read more about “Where’s My Refund?” Makes Checking Refund Status Easy (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…