Tax Forum Seminars Available Online
The Internal Revenue Service has posted 18 new seminars online, recorded during the 2021 Nationwide Tax Forum, on their site, IRS Nationwide Tax Forums Online.…
Advance Child Tax Credit for "Non-Traditional Families"
The Internal Revenue Service this week told "non-traditional families" that they could also qualify for advance payments of the Child Tax Credit.…
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Time to Check Withholding
The last part of the year is traditionally a good time for taxpayers to check their withholding levels for the upcoming new year. That's why the Internal Revenue Service recently issued a friendly reminder.…
Custody and the Advance Child Tax Credit
Millions of families have been receiving monthly advance payments of the Child Tax Credit. Provided by the American Rescue Plan that was passed earlier this year, these payments have been going to eligible households since July.…
IRS Announces New Seminars at Tax Forums
Everyone likes more choices nowadays, and the Internal Revenue Service is set to deliver. They’re serving up a batch of new self-study seminars for tax professionals.…
IRS Issues FBAR Reminder
Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings.…
IRS Spotlights Credit for Other Dependents
Much has been made recently of the Child Tax Credit. And what’s not to like? This refundable credit could be worth thousands of dollars in refund and recent legislation allows advance payments to qualified taxpayers.…
New User Fee for Estate Tax Closing Letters
The Internal Revenue Service is instituting a user fee for estates seeking an estate tax closing letter. At the same time, however, the agency is reminding estates there’s another path that avoids the fee altogether.…
Work Opportunity Credit Helps to Counter Hiring Crunch
The American job market is a changing landscape these days. A year ago, the big push was to retain workers in the midst of the COVID-19 pandemic. Now the need is to find new workers to staff a growing economy.…
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Charitable Deductions for Non-Itemizers
Recent changes in the tax regulations to help ease the burdens of the pandemic could lead to lower tax bills at filing time for some Americans. The new benefits allow taxpayers who do not itemize to take advantage of donations to charity—at least for a while.…
