New Guidance for the Employee Retention Credit
New guidance is available for employers on the retroactive termination of the Employee Retention Credit.…
Read more about New Guidance for the Employee Retention Credit
IRS Notices CP08 and CP09
Now that the IRS is putting the wraps on the last installment of the Advance Child Tax Credit payments for 2021, some taxpayers who didn’t apply for other credits might get a reminder to do a little extra checking.…
IRS Issues ACTC Deadline Reminder
The Internal Revenue Service is making a pitch about the Advance Child Tax Credit payments that smacks of the spiel for sale pricing from used car dealers: “When it’s gone, it’s gone!”…
Tax Relief Expanded in Mississippi
In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the…
Wildfire Victims Get Tax Relief
The Internal Revenue Service is doing a little extra to help those taxpayers who have suffered from the wildfires in California. The agency is pushing back the deadlines for filing and paying various individual tax returns to January 3.…
Updated: Child Tax Credit FAQ on IRS.gov
The Internal Revenue Service is pushing out more information for taxpayers interested in the Child Tax Credit and its advance payments.…
401(k) Contributions Increased for 2022
Taxpayers contributing to a 401(k) plan for their retirement have gotten some good news from the Internal Revenue Service: they can now put more money into their plan for 2022.…
Some Non-Itemizers Can Deduct Charitable Donations
A new provision in the tax code lets more taxpayers deduct up to $600 in donations to qualified charities—even if they don’t itemize.…
Read more about Some Non-Itemizers Can Deduct Charitable Donations
Last Call for ACTC Signup, Income Changes
Families who have significant income changes to report for the advance Child Tax Credit payments are running out of time to pass those changes on to the Internal Revenue Service.…
Some Mississippi Counties Get Expanded Ida Relief
While most of the nation’s attention is turned to fall colors and the Thanksgiving holidays, residents of some Mississippi counties still have all-too-vivid memories of meaner weather earlier in the summer.…
Read more about Some Mississippi Counties Get Expanded Ida Relief
