TAX SEASON 2021

Tax season 2021: key dates and IRS recommendations

The Internal Revenue Service (IRS) announced on its official website that the country's tax season will begin on February 12, 2021, when the agency will begin accepting and processing returns for the 2020 tax year. Season start date for individual tax filers ...

Some taxpayers are in for a nasty surprise in 2021

The coronavirus pandemic has triggered a massive unemployment crisis in the United States. Although the unemployment rate has dropped since hitting an all-time high in April, millions of Americans are still out of work and rely on benefits to pay their bills. But it is these workers who can wait ...

How unemployment, financial assistance and remote work will affect taxes for 2020

Like everything else related to 2020, the filing of tax documents for this period will also not be the same as always, writes ABC News. It's time to think about taxes and what can be done now to control the situation. ...

What to do if you receive a letter from the IRS threatening to confiscate funds

Some taxpayers recently received a chilling letter from the IRS warning that the federal tax inspector will confiscate state income tax refunds, writes CNBC. As recently as this fall, the IRS issued a so-called "Tax Intent Notice" to ...

IRS offers new tax credits and deferrals for the duration of the pandemic

Taxpayers, who still owe money to the government, will receive enhanced payment options, Fox Business writes. On Monday November 2, the IRS unveiled new debt relief options for taxpayers who are still recovering from the coronavirus pandemic. ...

Tax season 2021: changes to prepare for this year

This year, changes were made to the US tax code - they will be reflected in the 1040 form of your tax return, writes Money US News. Every year, when the need arises, the IRS publishes draft updated forms with professional comments and subsequent changes. ...

IRS will pay interest on tax refunds for 2019

Americans who filed their 2019 federal tax return on time should expect an interest payment on tax refunds this week (by August 23), USA Today writes. Such payments will be made separately from the refunds themselves. According to the IRS, the IRS ...

If you move to another state during the pandemic, you can pay more taxes

It's been 5 months since the coronavirus hit the US and left millions of people staying at home. The pandemic has forced some Americans to leave their primary residence and move to other places, be it a second home or the home of relatives. Many with this ...

Time to report to the IRS: what to do if you still have not received quarantine financial assistance from the government

If you still have not received quarantine financial aid from the government, but meet the criteria for its accrual, then it is time to report the problem to the Internal Revenue Service (IRS). How to do this and what may be the reasons for the delay, the publication told ...

Tax 2020: if you are late filing your tax return, you can pay more

Late taxpayers must file their tax returns as soon as possible, otherwise the amount of fines and interest due will rise, warns the US Internal Revenue Service (IRS). Fines and interest apply to taxes due after July 15, Fox Business recalls. This year…

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