by taxPRO Websites Staff | Jul 7, 2021 | Tax Tips and News
For self-employed taxpayers and household employers, it’s time, as they say, to pay the piper. The CARES Act—also known as the Coronavirus Aid, Relief and Economic Security Act—gave these specific taxpayers permission to defer paying certain Social Security taxes for...
by taxPRO Websites Staff | Jul 2, 2021 | Tax Tips and News
Monthly Advance Child Tax Credit payments are set to begin in two weeks. While it’s too late to change the bank account that will receive the July 15 payment, qualifying taxpayers can now use a tool on IRS.gov to update their information before the August...
by taxPRO Websites Staff | Jul 2, 2021 | Tax Tips and News
New guidance from the Internal Revenue Service and the Treasury Department is aimed at keeping the lights on at renewable energy projects delayed by the COVID-19 pandemic. Previous IRS notices gave eligible renewable energy projects a Continuity Safe Harbor, giving...
by taxPRO Websites Staff | Jun 29, 2021 | Tax Tips and News
Taxpayers who aren’t required to file a federal income tax return don’t need to file to get advance payments of the Child Tax Credit. They will, however, have to register with the IRS if they haven’t filed a return lately. Registering through the IRS Non-Filer Sign-up...
by taxPRO Websites Staff | Jun 26, 2021 | Tax Tips and News
The latest publication from the Internal Revenue Service is getting all the sendup worthy of a new best-seller. The Data Book for 2020 recounts the agency’s effort to deal with tax season during the time of the coronavirus. Admittedly, the numbers supply a heroic...
by taxPRO Websites Staff | Jun 24, 2021 | Tax Tips and News
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. The new tools join the Non-Filer Sign-up Tool that helps families who aren’t...
