IRS refunds Archive
IRS to automatically issue refunds on tax-free unemployment benefits
April 16, 2021
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TweetShareSharePin11 Shares In good news for many taxpayers, the IRS said that, beginning in May and continuing through the summer, it will automatically issue refunds to eligible people who already filed a tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan Act, P.L. 117-2 (IR-2021-71). Under this process, eligible
Members of Congress request estimated tax deadline postponement
April 16, 2021
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TweetShareSharePin0 Shares News Procedure & Administration By Alistair M. Nevius, J.D. In a letter to IRS Commissioner Charles Rettig on Wednesday, a diverse, bipartisan group of 60 members of Congress urged the IRS to extend the deadline for first quarter 2021 federal estimated tax payments to May 17. The estimated tax deadline has been an
How to claim the employee retention credit for the first half of 2021
April 16, 2021
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TweetShareSharePin0 Shares The IRS explained the changes to the employee retention credit (ERC) for the first two calendar quarters of 2021 in Notice 2021-23, which amplifies Notice 2021-20. The credit was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L 116-136, and amended by the Consolidated Appropriations Act, 2021, P.L 116-260. The
Expense to delay approximated tax obligation due day to be presented in Congress
April 16, 2021
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TweetShareSharePin0 Shares On Thursday, Rep. Lloyd Smucker, R.-Pa., revealed he will certainly present a costs that would certainly delay the due day for first-quarter 2021 approximated tax obligation settlements from April 15, 2021, to May 17, 2021. The approximated tax obligation due day would certainly after that match the due day for 2020 Types 1040, UNITED
