by admin my_tax | Apr 14, 2021 | Tax Tips and News
While the deadline for filing federal income taxes has been pushed back to May 15 because of the COVID-19 pandemic, those who file an annual Report of Foreign Bank and Financial Accounts (FBAR) still face their same April 15, 2021 due date.… Read more about FBAR...
by admin my_tax | Apr 13, 2021 | Tax Tips and News
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...
by admin my_tax | Apr 10, 2021 | Tax Tips and News
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...
by admin my_tax | Apr 8, 2021 | Tax Tips and News
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.…...
by admin my_tax | Apr 7, 2021 | Tax Tips and News
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)...
