admin Issue Number: IR-2020-277 Inside This Issue Get Ready for Taxes: Stay home and stay safe with IRS online tools WASHINGTON – The Internal Revenue Service today encouraged taxpayers to take necessary actions now to help file federal tax returns timely and accurately in 2021. This is the fourth in a series of reminders to help … Read more
Consejo Tributario del IRS 2020-171SP En Esta Edición Cada contribuyente tiene el derecho a cuestionar la posición del IRS y ser escuchado Los contribuyentes tienen el derecho de cuestionar la posición del IRS y ser escuchados. Esto es parte de la Carta de Derechos del Contribuyente, que describe claramente los derechos fundamentales que todos los contribuyentes … Read more
ssue Number: Tax Tip 2020-171 Every taxpayer has the right to challenge the IRS’s position and be heard Taxpayers have the right to challenge the IRS’s position and be heard. This is part of Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right … Read more
More tax credits for businesses to take advantage of. Remember, a tax credit is better than a tax deduction because it allows you to reduce the amount of tax owed dollar for dollar. The Internal Revenue Service today reminds employers affected by COVID-19 about three important new credits available to them. Employee Retention Credit: The … Read more
Check out this tax credit for small and midsize business regarding COVID-19 Paid Leave. Remember, a tax credit is better than a tax deduction because it allows you to reduce the amount of tax owed dollar for dollar. Small and midsize employers can claim two new refundable payroll tax credits. The paid sick leave credit … Read more
The IRS updates regularly the Get My Payment tool and the Economic Impact Payment page. Also they are updating their FAQ page frequently. The Get My Payment will tell you the projected date when a deposit has been scheduled. The information is updated once a day, usually overnight, so you only need to enter your … Read more