First-time income tax filers and those who usually don’t have a federal filing requirement are being urged to reconsider sitting out this filing season. They may be eligible to claim the Recovery Rebate Credit—but they have to file an income tax return to get it.… Read more about Qualifying Taxpayers Need to File for a Shot at Recovery Rebate Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Congress bookended 2020 with two taxpayer relief packages aimed at mitigating the financial strain caused by the ongoing coronavirus pandemic.… Read more about The Employee Retention Credit Covered in New IRS Notice (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
A status report from the IRS shows income tax returns are being filed at a much slower rate than last year. But unlike in 2020, an extension to the April 15 filing deadline is unclear.… Read more about Filing Numbers Down; Chance of Extended Deadline Unclear (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service has issued an alert covering amended returns and claims for the Domestic Production Activities Deduction, also known as DPAD.… Read more about Domestic Production Activities Deduction Fuels IRS Alert (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Taxpayers with income from farming or fishing face a March 1 deadline for filing their income taxes. But the IRS reminds them they can avoid making any estimated tax payments by filing and paying their entire tax due on or before the deadline.… Read more about Farmers and Fishers Face March 1 Tax Deadline (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…