Finance2017-09-05T09:34:18-08:00
604, 2021

IRS to recalculate taxes on unemployment benefits; refunds in May

By |April 6th, 2021|Finance|Comments Off on IRS to recalculate taxes on unemployment benefits; refunds in May

To help taxpayers, the Internal Revenue Service announced that it will take steps to automatically refund money this spring and summer to people who filed their tax returns reporting unemployment compensation before the recent changes made by the American Rescue Plan. The legislation, signed on March 11, allows taxpayers who [...]

3003, 2021

Tax time guide: use ‘Where’s My Refund?’ or IRS2Go app for refund status

By |March 30th, 2021|Finance|Comments Off on Tax time guide: use ‘Where’s My Refund?’ or IRS2Go app for refund status

The Internal Revenue Service reminds taxpayers that the most convenient way to check on a tax refund is by using the Where's My Refund? tool at IRS.gov or through the IRS2Go Mobile App. Taxpayers can start checking their refund status within 24 hours after an e-filed return is received. Also, Where's My [...]

2303, 2021

More than 90M Economic Impact Payments from American Rescue Plan disbursed

By |March 23rd, 2021|Finance|Comments Off on More than 90M Economic Impact Payments from American Rescue Plan disbursed

As of March 17, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service said they disbursed approximately 90 million Economic Impact Payments from the American Rescue Plan. Economic Impact Payments will continue rolling out in tranches to millions of Americans in the [...]

1803, 2021

Unable to pay your taxes? Here’s some routes to take

By |March 18th, 2021|Finance|Comments Off on Unable to pay your taxes? Here’s some routes to take

It's never a good idea to duck the IRS. One lending company advises Americans who are in the throes of tax filing season and maybe worrying about the ability to pay their tax bill. A personal finance site MoneyRates.com offers suggestions and guidance to those struggling to pay Uncle Sam. "Taxpayers [...]

903, 2021

Didn’t get Economic Impact Payments? Find out more

By |March 9th, 2021|Finance|Comments Off on Didn’t get Economic Impact Payments? Find out more

The Internal Revenue Service said first-time filers and those who usually don't have a federal filing requirement to consider filing a 2020 tax return. They may be eligible to claim the Recovery Rebate Credit, a new refundable credit, authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and [...]

203, 2021

IRS: businesses need to report large cash transactions; e-file encouraged

By |March 2nd, 2021|Finance|Comments Off on IRS: businesses need to report large cash transactions; e-file encouraged

The Internal Revenue Service reminds businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000 and encourages e-filing to help them file accurate, complete forms. Although many cash transactions are legitimate, information reported on Form 8300 can help stop those who evade taxes, profit from drug [...]

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