Treasury issues millions of second Economic Impact Payments by debit card
Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card. These EIP Cards follow the millions of payments already made [...]
Treasury and IRS begin delivering second round of Economic Impact Payments to millions of Americans
Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who [...]
IRS to employers: Remember Feb. 1, 2021 deadline for Form W-2, other wage statements
This is important enough to blog about once again since failing to file the W-2s will cause significant penalties. The Internal Revenue Service reminds employers that they must file Form W-2 and other wage statements [...]
New things taxpayers should consider as they get ready to file taxes in 2021
When people get ready to file their federal tax return there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size [...]
Every taxpayer has the right to challenge the IRS’s position and be heard
Taxpayers have the right to challenge the IRS’s position and be heard. This is part of Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers [...]