IRS Announces August Child Tax Credit Payments Now Being Issued

Bob Williams - August 17, 2021

The Internal Revenue Service says millions of families across the U.S. should see their advance payment of the Child Tax Credit (CTC) in their bank accounts or mailboxes any day now.…

New Notice Includes Work Opportunity Tax Credit Relief

Bob Williams - August 13, 2021

New guidance from the Internal Revenue Service seeks to clear the air on the Work Opportunity Tax Credit (WOTC) for employers and gives relief to them as well.…

Gross Receipts Safe Harbor Now Available for Employee Retention Credit

Bob Williams - August 11, 2021

A new safe harbor unveiled by the Internal Revenue Service and the Treasury Department lets employers exclude some items from their gross receipts when figuring if they are eligible for the Employee Retention Credit, or ERC.…

New Guidance Aimed at Employers Claiming Employee Retention Credit

Bob Williams - August 09, 2021

New guidance from the Internal Revenue Service aims to help employers better understand the employee retention credit—and how they can qualify for it.…

Truckers Reminded Highway Use Tax Due Aug. 31

Bob Williams - August 05, 2021

Long-haul truckers now have an extra chore on their August to-do list, right up there with an oil change and a truck wash. It’s time to file Form 2290, Heavy Highway Vehicle Use Tax Return for Tax Year 2021.…

IRS: Update EIN Responsible Party Information

Bob Williams - August 04, 2021

Some IRS forms are considered “file and forget” documents, meaning once filed they normally don’t require any additional attention. The Internal Revenue Service, though, is reminding that the application for an Employer Identification Number (EIN) isn’t one of them.…

COVID Paid Leave Credit Clarified for Employers

Bob Williams - August 03, 2021

The Internal Revenue Service has updated its guidance on expanded paid sick and family leave tax credits available to employers who provide the leave to their workers.…

More Unemployment Tax Refunds Coming, IRS Says

Bob Williams - July 29, 2021

The Internal Revenue Service says it’s not done issuing refunds for tax paid on COVID unemployment benefits. Another 1.5 million taxpayers are now slated to get refunds averaging over $1,600 as part of the IRS adjustment process in the wake of recent legislation.…