Month: June 2021

New Online Tools Help Families Manage Monthly CTC Payments

The Internal Revenue Service has unveiled a pair of new tools to help families manage and monitor advance monthly payments of the Child Tax Credit, made possible by the American Rescue Plan.… Read more about New Online Tools Help Families Manage Monthly CTC Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding

Most times, businesses pay their employees for the work they do, and set aside a portion of those wages to in turn, pay Uncle Sam. But what if the business has to pay someone who isn’t technically an employee?… Read more about IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Refunding Tax Paid on Unemployment Compensation

Millions of Americans paid taxes on their unemployment compensation before learning that an exclusion was introduced by legislation a month into filing season. So, the Internal Revenue Service is now sending some of those taxpayers a refund to satisfy the new law.… Read more about IRS Refunding Tax Paid on Unemployment Compensation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Says It’s a Good Time to Fine-Tune Withholding

Now that the income tax filing deadline has passed, it’s a good time to take a hard look at whether we have the right amount of taxes withheld from our paychecks.… Read more about IRS Says It’s a Good Time to Fine-Tune Withholding (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…