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.… Read more about What’s New, What to Consider When Filing in 2021 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
According to reporting from The Hill, Congress is poised to vote on a second coronavirus relief package. The bill is expected to pass Congress and land on the president’s desk later today, greenlighting $900 billion in aid that will include direct payments, unemployment benefits, and additional Paycheck Protection Program funds.… Read more about $900 Billion in Coronavirus Relief Includes Direct Payments, Unemployment Benefits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service has issued Notice 2020-86, addressing certain parts of the SECURE Act that affect safe harbor plans—including safe harbor 401(k) plans and some 403(b) plans.… Read more about New IRS Guidance Eases Burdens on Certain Safe Harbor Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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.… Read more about 2021 Deadline for W-2s Closer Than You Think (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Businesses should be on high alert as thieves try to use their stolen names and data to file fraudulent income tax returns. The warning comes from the Internal Revenue Service, state tax agencies and tax industry partners who make up the Security Summit partnership.… Read more about Security Summit Urges Businesses to Tighten Defenses (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…