AICPA News
2021 child tax credit, EITC, and premium tax credit limits updated
The IRS issued guidance on the amount of and limitations on the child tax credit, earned income tax credit, and premium tax credit available for taxpayers for the 2021 tax year as a result of changes to those provisions enacted by the American Rescue Plan Act of 2021, P.L. 117-2.
journalofaccountancy.com
#8, The Right to Confidentiality
Taxpayers have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by the taxpayer or by law. Taxpayers have the right to expect appropriate action will be taken against employees, return preparers, and others who wrongfully use or disclose taxpayer return information.
irs.gov
IRS News
IRS Computers Are Behind On Debiting Scheduled Payments
Despite repeatedly doubling down on the stance that first quarter estimated tax payments were due on April 15, the latest in a series of IRS system glitches has caused payments for many taxpayers not to be debited as scheduled.
forbes.com
President Biden To The IRS: Resources Are On The Way
The desire to make a massive investment in the IRS is attributable to three interrelated issues: concerns regarding how to pay for the Biden administration’s domestic priorities; substantial increases in estimates of the so-called tax gap, which reflects the difference between the amount of taxes...
forbes.com
News
Social Security Beneficiaries Urged to File Tax Returns to Get Missing Stimulus Checks
The Social Security Administration is urging beneficiaries who are still waiting on past stimulus checks to file tax returns in order to get their money.
nbcwashington.com
Edmunds: 5 smart ways to use your tax return on a car
Tax season will be coming to a close later than usual this year, due to the May 17 extended deadline. Until that time, you might hear advertisements from car dealerships urging you to bring in your refund or pandemic stimulus check to buy a new car.
foxbusiness.com
Where's my tax refund? Here's the quickest way to get IRS return
CPA Daniel Geltrude explains what you need to do to get your tax refund as quickly as possible.
foxbusiness.com
Biden's tax hike ideas will hurt every American, expert warns
Macro Trends Advisors founding partner Mitch Roschelle provides insight into proposed tax increases under the Biden administration.
foxbusiness.com
From The Desk of Keith L. Jones, CPA
IRS Tax Relief Expert Offers NO COST NO OBLIGATION Consultation
Book a NO COST NO OBLIGATION consult with Keith Jones, CPA an IRS tax relief specialist. He's a CPA whose been providing IRS tax debt relief services to troubled taxpayers for years.
keithjonescpa.com