by taxPRO Websites Staff | 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 taxPRO Websites Staff | 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 taxPRO Websites Staff | 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)...
by taxPRO Websites Staff | Apr 3, 2021 | Tax Tips and News
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...
by taxPRO Websites Staff | Apr 1, 2021 | Tax Tips and News
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...
