Light To Guide Our Feet
Light To Guide Our Feet

Menu

Collapse

Search Result

Collapse

Announcement

Collapse
No announcement yet.

What's Going On

Collapse

There are currently 286 users online. 2 members and 284 guests.

Most users ever online was 3,930 at 06:07 PM on 04-20-2019.

60 results in 0.0050 seconds.
Keywords
Members
Tags
tax x
  •  

  • IRS unveils Online Tool to help Low-income Families register for Monthly Child Tax Credit Payments

    IRS unveils Online Tool to help Low-income Families register for Monthly Child Tax Credit Payments | site |




    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: June 14, 2021)

    Washington - - The Treasury Department and the Internal Revenue Service today unveiled an online Non-filer Sign-up tool designed to help eligible families who don't normally file tax returns register for the monthly Advance Child Tax Credit payments, scheduled to begin July 15. This tool, an update of last year's IRS Non-filers tool, is also designed to help eligible individuals who don't normally file income tax returns register for the $1,400 third round of Economic Impact Payments (also known as stimulus checks) and claim the Recovery Rebate Credit for any amount of the first two rounds of Economic Impact Payments they may have missed. Developed in partnership with Intuit and delivered through the Free File Alliance, this tool provides a fr...
    See more | Go to post

  • CMS says Four in Ten New Consumers Spend 10 Dollars or Less Per Month for HealthCare.Gov Coverage Following Implementation of American Rescue Plan Tax Credits

    Centers for Medicare and Medicaid Services says Four in Ten New Consumers Spend $10 or Less Per Month for HealthCare.Gov Coverage Following Implementation of American Rescue Plan Tax Credits | site | (Information contained in Centers for Medicare and Medicaid Services press release dated: June 14, 2021) Today, the Centers for Medicare & Medicaid Services (CMS) released a new report that shows that more than 1 million new and returning consumers have health coverage through the Health Insurance Marketplace that costs $10 or less per month after advance payments of premium tax credits (APTC) following the April 1 implementation of the American Rescue Plan’s (ARP) expanded APTC. Of the 1,034,624 consumers who selected a Marketplace plan with premiums of $10 or less per month, after APTC, 687,275 were returning consumers and 347,349 were new consumers. This means 4 in 10 (43%) new consumers and 3 in 10 (30%) returning consumers and more than one t...
    See more | Go to post

  • IRS says 2021 IRS Virtual Nationwide Tax Forum begins in July

    IRS says 2021 IRS Virtual Nationwide Tax Forum begins in July

    U.S. Internal Revenue Service says 2021 IRS Virtual Nationwide Tax Forum begins in July | site |



    Tax pros may earn continuing education credits and more


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 24, 2021)

    Washington - - The Internal Revenue Service today announced that the 2021 Virtual IRS Nationwide Tax Forum will be held over five weeks starting July 20, with a series of live-streamed webinars every Tuesday, Wednesday and Thursday. Held each summer for 30 years, the IRS Nationwide Tax Forums are the IRS's marquee outreach event to the tax professional community. This year, the IRS decided once again to provide these events in a virtual format in an abundance of caution and for the safety of the tax professional community. The virtual format allows experts from the IRS and its association partners to educate and update the tax professional community on tax law, cybesecurity, ethi...
    See more | Go to post

  • IRS provides Guidance on Premium Assistance and Tax Credit for Continuation Health Coverage

    U.S. Internal Revenue Service provides Guidance on Premium Assistance and Tax Credit for Continuation Health Coverage | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 18, 2021)

    Washington - - The Internal Revenue Service today provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

    Notice 2021-31 provides guidance for employers, plan administrators, and health insurers regarding the new credit available to them for providing continuation health coverage to certain individuals under COBRA. The American Rescue Plan provides a temporary 100% reduction in the premium that individuals would have to pay when they elect COBRA continuation health coverage following a reduction in hours or an involuntary termination of employment. The new law provides a correspondi
    ...
    See more | Go to post

  • Treasury and IRS Announce Families of 88 percent of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit

    Treasury and IRS Announce Families of 88% of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit | site |



    First Payments to Be Made on July 15


    (Information contained in U.S. Department of the Treasury press release dated: May 17, 2021) Washington - - The U.S. Department of the Treasury and the Internal Revenue Service announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88 percent of children in the United States — are slated to begin receiving monthly payments without any further action required. Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month, unless the 15th falls on a weekend or holiday, allowing families who receive the credit by direct deposit to plan their budgets a...
    See more | Go to post

  • IRS reminds Taxpayers of May 17 Deadline for Individual Income Tax Returns - - - Extensions, other Help available

    U.S. Internal Revenue Service reminds Taxpayers of May 17 Deadline for Individual Income Tax Returns: Extensions, other Help available | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 17, 2021)

    Washington - - The Internal Revenue Service reminds taxpayers that the deadline for filing most individual income tax returns this year is May 17. The agency also wants taxpayers who have yet to file their tax returns to know that there are a variety of options available to help them.

    IRS tax help is available 24 hours a day on IRS.gov. Whether filing a tax return, requesting an extension or making a payment, the IRS website can help last-minute filers on just about everything related to taxes.

    The IRS encourages taxpayers to file electronically. Doing so, whether through e-file or IRS Free File, vastly reduces tax return errors as the tax software does the calculations,
    ...
    See more | Go to post

  • IRS begins Correcting Tax Returns for Unemployment Compensation Income Exclusion

    U.S. Internal Revenue Service begins Correcting Tax Returns for Unemployment Compensation Income Exclusion | site |


    Periodic payments to be made May through summer


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 14, 2021)

    Washington - - The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income. The IRS identified over 10 million taxpayers who filed their tax returns prior to the American Rescue Plan of 2021 becoming law in March and is reviewing those tax returns to determine the correct taxable amount of unemployment compensation and tax. This could result in a refund, a reduced balance due or no change to tax (no refund due nor amount owed). These corrections are being made automatically in a phased approach, easing the burden on ta
    ...
    See more | Go to post

  • IRS extends May 17, other Tax Deadlines for Victims of Tennessee storms; provides Special Guidelines for Disaster Area Individuals needing further Extensions

    IRS extends May 17, other Tax Deadlines for Victims of Tennessee storms; provides Special Guidelines for Disaster Area Individuals needing further Extensions | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 14, 2021)

    Washington - - Victims of this spring's storms and tornadoes in Tennessee will have until August 2, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

    Following The recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), the IRS is providing this relief to taxpayers affected by storms, tornadoes, and flooding that took place between March 25 and April 3, 2021, in parts of Tennessee. Currently, relief is available to affected taxpayers who live or have a business in Campbell, Cannon, Cheatham, Claiborne, Clay, Davidson, Decatur, Fentress, Grainger, Hardeman, Henderson,
    ...
    See more | Go to post

  • Facing a Surprise Tax Bill? IRS says be sure to still File by May 17

    Facing a Surprise Tax Bill? IRS says be sure to still File by May 17

    Facing a Surprise Tax Bill? IRS says be sure to still File by May 17 | site |


    IRS says it's easy for most people to set up an online payment agreement with IRS


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 14, 2021)

    Washington - - The Internal Revenue Service today reminded taxpayers who owe 2020 taxes that there are different ways to pay through IRS.gov, including payment options for many people who can't pay in full.


    File by May 17

    The most important thing everyone with a tax bill should do is file a return by the May 17 due date, even if they can't pay in full, or request a six-month extension to avoid higher penalties for failing to file on time. Though automatic tax-filing extensions are available to anyone who wants one, these extensions don't change the payment deadline. It is not an extension to pay. Visit IRS.gov/extensions for details. Usually anyone who ...
    See more | Go to post

  • IRS offers Overview of Tax Provisions in American Rescue Plan

    IRS offers Overview of Tax Provisions in American Rescue Plan

    U.S. Internal Revenue Service offers Overview of Tax Provisions in American Rescue Plan | site |



    IRS says retroactive tax benefits help many people now preparing 2020 returns


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 11, 2021) Washington - - The Internal Revenue Service today provided an overview of some of the key tax provisions in the American Rescue Plan Act. Several provisions affect the 2020 tax return people are filling out this filing season, including one exempting up to $10,200 in unemployment compensation from tax and another benefiting many people who purchased subsidized health coverage through either federal or state Health Insurance Marketplaces. In addition, the law also includes a third round of Economic Impact Payments, now going out to eligible Americans, that are generally equal to $1,400 per person for most people, as well as several other key changes for tax-year 2021. The...
    See more | Go to post

  • IRS says Those experiencing Homelessness can get Economic Impact Payments and other Tax Benefits

    IRS says Those experiencing Homelessness can get Economic Impact Payments and other Tax Benefits; Permanent Address Not Required | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: April 15, 2021) Washington - - The Internal Revenue Service today continued an ongoing effort to help those experiencing homelessness during the pandemic by reminding people who don't have a permanent address or a bank account that they may still qualify for Economic Impact Payments and other tax benefits. While Economic Impact Payments continue to be made automatically to most people, the IRS can't issue a payment to eligible Americans when information about them isn't available in the tax agency's systems. To help people experiencing homelessness, the rural poor and other historically under-served groups, the IRS urges community groups, employers and others to share information about Economic Impact Payments and help more eligi
    ...
    See more | Go to post

  • Tax Time Guide - - - Make IRS.gov first Stop for Tax Help

    Tax Time Guide - - - Make IRS.gov first Stop for Tax Help

    Tax Time Guide: Make IRS.gov first Stop for Tax Help | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: March 4, 2021)

    Washington - - The Internal Revenue Service reminds taxpayers that its website, IRS.gov, continues to be the first and best place for people seeking information and assistance on their federal taxes. It is available 24 hours a day from the comfort of home, on a desktop, or from just about anywhere with a mobile device.

    The array of online tools and resources available at IRS.gov range from tax preparation and refund tracking to research tools like the Interactive Tax Assistant and answers for Frequently Asked Questions on many subjects.


    View tax account online

    Taxpayers can use their online account to securely see important information when preparing to file their tax return or following up on balances or notices. This includes:
    • Adjusted
    ...
    See more | Go to post

  • Tax Time Guide - - - How to do Taxes for Free and get Refunds Fast

    Tax Time Guide - - - How to do Taxes for Free and get Refunds Fast

    Tax Time Guide: How to do Taxes for Free and get Refunds Fast | site |




    (Information contained in U.S. Internal Revenue Service [IRS] news release dated: February 23, 2021)

    Washington - - - During this tax season when many people are trying to stay safe at home, the Internal Revenue Service reminds taxpayers about ways to do their taxes for free online or with help from volunteers.



    Free File is easy, fast, safe and secure

    Taxpayers who want to prepare and file their tax returns electronically can use IRS Free File. IRS Free File offers brand-name tax software for taxpayers with an income of $72,000 or less in 2020. Taxpayers who earned more can use Free File Fillable Forms, the electronic version of IRS paper forms. Taxpayers can get started at IRS.gov/freefile . IRS Free File also lets taxpayers get an automatic extension of time to file if they need it. Free File is also a way to get a refund fast. Filin...
    See more | Go to post

  • Victims of Texas Winter Storms get Deadline Extensions and Other Tax Relief

    Victims of Texas Winter Storms get Deadline Extensions and Other Tax Relief

    Victims of Texas Winter Storms get Deadline Extensions and Other Tax Relief | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: February 22, 2021)

    Washington - - Victims of this month's winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

    Following the recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), the IRS is providing this relief to the entire state of Texas. But taxpayers in other states impacted by these winter storms that receive similar FEMA disaster declarations will automatically receive the same filing and payment relief. The current list of eligible localities is always available on the disaster relief page on IRS.gov. The tax relief postpones various tax filing and payment deadlines that occurred starting on February
    ...
    See more | Go to post

  • IRS says New Law extends COVID Tax Credit for Employers who Keep Workers on Payroll

    U.S. Internal Revenue Service says New Law extends COVID Tax Credit for Employers who Keep Workers on Payroll | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: January 26, 2021)

    Washington - - The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec. 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including modifying and extending the Employee Retention Credit (ERC), for six months through June 30, 2021. Several of the changes apply only to 2021, while others apply to both 2020 and 2021. As a result of the new ...
    See more | Go to post

Menu

Collapse

Trending

Collapse

  • Staff Reporter 1
    IRS unveils Online Tool to help Low-income Families register for Monthly Child Tax Credit Payments
    by Staff Reporter 1
    IRS unveils Online Tool to help Low-income Families register for Monthly Child Tax Credit Payments | site |




    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: June 14, 2021)

    Washington - - The Treasury Department and the Internal Revenue Service today unveiled an online Non-filer Sign-up tool designed to help eligible families who don't normally file tax returns register for the monthly Advance Child Tax Credit payments, scheduled to begin July 15. This tool, an update of last year's IRS Non-filers tool, is also designed to help eligible individuals who don't normally file income tax returns register for the $1,400 third round of Economic Impact Payments (also known as stimulus checks) and claim the Recovery Rebate Credit for any amount of the first two rounds of Economic Impact Payments they may have missed. Developed in partnership with Intuit and delivered through the Free File Alliance, this tool provides a fr...
    06-21-2021, 06:52 PM
  • Staff Reporter 1
    CMS says Four in Ten New Consumers Spend 10 Dollars or Less Per Month for HealthCare.Gov Coverage Following Implementation of American Rescue Plan Tax Credits
    by Staff Reporter 1
    Centers for Medicare and Medicaid Services says Four in Ten New Consumers Spend $10 or Less Per Month for HealthCare.Gov Coverage Following Implementation of American Rescue Plan Tax Credits | site | (Information contained in Centers for Medicare and Medicaid Services press release dated: June 14, 2021) Today, the Centers for Medicare & Medicaid Services (CMS) released a new report that shows that more than 1 million new and returning consumers have health coverage through the Health Insurance Marketplace that costs $10 or less per month after advance payments of premium tax credits (APTC) following the April 1 implementation of the American Rescue Plan’s (ARP) expanded APTC. Of the 1,034,624 consumers who selected a Marketplace plan with premiums of $10 or less per month, after APTC, 687,275 were returning consumers and 347,349 were new consumers. This means 4 in 10 (43%) new consumers and 3 in 10 (30%) returning consumers and more than one t...
    06-16-2021, 04:08 AM
  • Staff Reporter 1
    IRS says 2021 IRS Virtual Nationwide Tax Forum begins in July
    by Staff Reporter 1
    U.S. Internal Revenue Service says 2021 IRS Virtual Nationwide Tax Forum begins in July | site |



    Tax pros may earn continuing education credits and more


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 24, 2021)

    Washington - - The Internal Revenue Service today announced that the 2021 Virtual IRS Nationwide Tax Forum will be held over five weeks starting July 20, with a series of live-streamed webinars every Tuesday, Wednesday and Thursday. Held each summer for 30 years, the IRS Nationwide Tax Forums are the IRS's marquee outreach event to the tax professional community. This year, the IRS decided once again to provide these events in a virtual format in an abundance of caution and for the safety of the tax professional community. The virtual format allows experts from the IRS and its association partners to educate and update the tax professional community on tax law, cybesecurity, ethi...
    05-30-2021, 02:28 AM
  • Staff Reporter 1
    IRS provides Guidance on Premium Assistance and Tax Credit for Continuation Health Coverage
    by Staff Reporter 1
    U.S. Internal Revenue Service provides Guidance on Premium Assistance and Tax Credit for Continuation Health Coverage | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release dated: May 18, 2021)

    Washington - - The Internal Revenue Service today provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

    Notice 2021-31 provides guidance for employers, plan administrators, and health insurers regarding the new credit available to them for providing continuation health coverage to certain individuals under COBRA. The American Rescue Plan provides a temporary 100% reduction in the premium that individuals would have to pay when they elect COBRA continuation health coverage following a reduction in hours or an involuntary termination of employment. The new law provides a correspondi
    ...
    05-18-2021, 11:41 PM
  • Staff Reporter 1
    Treasury and IRS Announce Families of 88 percent of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit
    by Staff Reporter 1
    Treasury and IRS Announce Families of 88% of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit | site |



    First Payments to Be Made on July 15


    (Information contained in U.S. Department of the Treasury press release dated: May 17, 2021) Washington - - The U.S. Department of the Treasury and the Internal Revenue Service announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88 percent of children in the United States — are slated to begin receiving monthly payments without any further action required. Treasury and the IRS also announced the increased CTC payments, will be made on the 15th of each month, unless the 15th falls on a weekend or holiday, allowing families who receive the credit by direct deposit to plan their budgets a...
    05-18-2021, 04:17 AM

Menu

Collapse

Menu

Collapse

Working...
X