by | Nov 13, 2020 | Tax Tips and News
Some people managed to register for their $1,200 Economic Impact Payment (EIP) but just didn’t have the necessary information in-hand to also sign up for the $500 payment for qualifying children. Now the IRS says there’s a way to get that missing payment. The Internal...
by | Nov 12, 2020 | Tax Tips and News
A new notice from the Internal Revenue Service reveals some new rules that are expected to be included in upcoming proposed regulations. Notice 2020-75 spells out the proposed regulations clarifying that state and local income taxes imposed on and paid by a...
by | Nov 10, 2020 | Tax Tips and News
Anyone who doesn’t normally file a tax return but hasn’t already received an Economic Impact Payment (EIP) is urged by the IRS to take advantage of its “National EIP Registration Day.” While the official day was marked on Nov. 10, those non-filers still without an EIP...
by | Nov 9, 2020 | Tax Tips and News
New guidance has been issued by the Department of the Treasury and the Internal Revenue Service for employers and employees with terminating 403(b) plans. The guidance is aimed specifically at plans that fund benefits through 403(b)(7) custodial accounts. This new...
by | Nov 6, 2020 | Tax Tips and News
The Internal Revenue Service announced that some college students could qualify for an Economic Impact Payment. This press release is part of the agency’s push to get all eligible non-filers to register for an EIP before the Nov. 21, 2020 deadline, and it comes days...
by | Nov 6, 2020 | Tax Tips and News
The Security Summit yesterday reported that taxpayers are being targeted by a new series of text-message scams that impersonate state departments of revenue and tax relief organizations. An organization comprised of the Internal Revenue Service, state tax agencies,...
