Tax Blog

Tips to help you prepare for tax season

New Online Tools Help Families Manage Monthly CTC Payments

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…

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New Online Tools Help Families Manage Monthly CTC Payments

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…

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IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding

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…

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Refunds Could Be Issued for Overpayment of Tax on Unemployment

Refunds Could Be Issued for Overpayment of Tax on Unemployment

The American Rescue Plan, or ARP, excluded up to $10,200 in unemployment compensation from each taxpayer’s taxable income. But some people filed their returns and paid taxes on the full amount of their unemployment benefits before the ARP became law, so the IRS is working to send those taxpayers a refund.… Read more about Refunds Could Be Issued for Overpayment of Tax on Unemployment (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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IRS Adding Resources in Multiple Languages

IRS Adding Resources in Multiple Languages

The IRS announced that it is now also offering online tax information in Spanish, Chinese (simplified and traditional), Korean, Russian, Vietnamese, Haitian-Creole, and more.… Read more about IRS Adding Resources in Multiple Languages (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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