Tax Blog

The Internal Revenue Service says it’s pulling out all the stops to come to agreement with taxpayers who owe back taxes. Through its Office of Chief Counsel, the agency announced the significant expansion of its Settlement Days program and proclaimed March 2021 is now “National Settlement Month.”… Read more about IRS Announces March is National Settlement Month (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Much like last year, the 2021 filing season has been characterized by challenges. The season started later than usual, tax professionals and taxpayers continue to manage pandemic safety precautions, and guidance is pending for the retroactive tax law changes included in the American Rescue Plan Act of 2021 that President Biden signed into law last week.… Read more about Tax Day Pushed Back to May 17 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

There are a lot of things vying for our attention these days: the coronavirus, vaccine opportunities, new Economic Impact Payments—all worthy topics. But when it comes to taxes, recent changes to retirement plan rules also shouldn’t go unnoticed.… Read more about Don’t Overlook Recent Changes to Retirement Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

It won’t be long before Americans start seeing the third round of Economic Impact Payments—also known as EIP3—showing up in their bank accounts and mailboxes.… Read more about IRS Now Sending Out Third Round of Economic Impact Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers, no matter their age, may be able to claim a deduction on their 2020 tax returns for contributions to their Individual Retirement Arrangement (IRA) if they make them by April 15.… Read more about Taxpayers Can Still Get Credit for IRA Contributions on 2020 Returns (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021, which includes a number of tax-related provisions that lawmakers say will help struggling Americans weather the pandemic recession.… Read more about The American Rescue Plan Includes Funding for Individual Payments, Changes to Tax Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…