Final Regs Issued for Transportation, Commuting Expense; Some QOF Filers to Get Letters from IRS
Final regulations have been issued on the deduction for qualified transportation fringe and commuting expense.…
What’s New, What to Consider When Filing in 2021
The tax-filing season will be upon us before we know it, so the Internal Revenue Service is urging taxpayers to take actions now to help ensure they can file timely and accurate returns in 2021.…
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Interest Rates the Same for 2021’s First Quarter
While it seems our world is on the edge of big changes for the coming year, the IRS is keeping some things status-quo for now. The Internal Revenue Service says interest rates will be the same for the calendar quarter that starts Jan. 1, 2021.…
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2021 Deadline for W-2s Closer Than You Think
The Internal Revenue Service is giving employers a friendly nudge to remind them that their Forms W-2 and other wage statements have to be filed by Feb. 1, 2021, to avoid penalties.…
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