by | Jul 12, 2021 | Tax Tips and News
New guidance from the Internal Revenue Service tries to clear up questions some transportation companies may have about pandemic-related federal grants. The agency has published a series of frequently asked questions aimed at giving these companies a better idea of...
by | Jul 12, 2021 | Tax Tips and News
We’ve all been there before: We got a new job, and on the first day, our new boss puts a Form W-4 on our desk and tells us to fill it out for withholding. It takes a bit of math and what feels like a good helping of guesswork to figure out just how much tax we need to...
by | Jul 7, 2021 | Tax Tips and News
For self-employed taxpayers and household employers, it’s time, as they say, to pay the piper. The CARES Act—also known as the Coronavirus Aid, Relief and Economic Security Act—gave these specific taxpayers permission to defer paying certain Social Security taxes for...
by | Jul 2, 2021 | Tax Tips and News
Monthly Advance Child Tax Credit payments are set to begin in two weeks. While it’s too late to change the bank account that will receive the July 15 payment, qualifying taxpayers can now use a tool on IRS.gov to update their information before the August...
by | Jul 2, 2021 | Tax Tips and News
New guidance from the Internal Revenue Service and the Treasury Department is aimed at keeping the lights on at renewable energy projects delayed by the COVID-19 pandemic. Previous IRS notices gave eligible renewable energy projects a Continuity Safe Harbor, giving...
by | Jun 29, 2021 | Tax Tips and News
Taxpayers who aren’t required to file a federal income tax return don’t need to file to get advance payments of the Child Tax Credit. They will, however, have to register with the IRS if they haven’t filed a return lately. Registering through the IRS Non-Filer Sign-up...
