Tax Season 2020

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 assistance from the government, but meet the criteria for its accrual, then it's 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…

The deadline for filing tax returns for 2019 expires in two weeks: what you need to know

On June 29, the Treasury and Internal Revenue Service of the United States announced that they would adhere to the deadline for filing a tax return on July 15 without extending it, writes USA Today. Agencies urge U.S. residents to apply for automatic renewal until October 15 if they ...

2020 tax season: filing can be delayed until October

As a rule, tax returns in the United States should be filed before April 15, but 2020 has become an exceptional year in this regard. The U.S. Internal Revenue Service has postponed its filing date from April 15 to July 15, but there are other options. He writes about this ...

Defaulters cheated on billions of dollars by IRS: why don't they punish

The government control group warns that the United States Internal Revenue Service (IRS) needs to do more to hold high-income U.S. residents accountable, many of whom get away with tax returns and tax evasion, Fox News writes. In the report of the Inspector General ...

US national debt is growing rapidly due to quarantine: will taxes be raised

As of May 2020, public debt - all the money that the United States borrowed and has not yet returned - is more than $ 25,1 trillion. At current growth rates, the amount could grow by almost 70% to more than $ 42 trillion for 4 ...

Tax Season 2020: Everything You Need to Know About Deferral

In response to the coronavirus pandemic, the Internal Revenue Service (IRS) extended the deadline for filing tax returns and paying any taxes - from April 15, the date was moved to July 15, writes GOBankingRates. If you plan to take a respite, that’s all ...

Taxes in 2021: 10 Important Innovations to Know About

Next year, the tax filing process will change due to the law on financial assistance in connection with the coronavirus and the standard adjustment for inflation, writes MoneyTalksNews. If you have yet to file a tax return for the past year, you have more time than usual ...

Tax Season 2020: Coronavirus Deferred Filing Frequently Asked Questions

At the beginning of 2020, many thought that the chaos and mess of last year’s tax season was long over. According to experts, in the new year to deal with taxes should have been easier, because people have better studied the new tax rules, reminds USA Today. But after…

Pandemic benefit for Americans: is it worth the rush to file a 2019 declaration

The US government plans to pay material assistance to Americans affected by the coronavirus quarantine, and this amount will depend on the recipient's annual income, Fox Business writes. The payout is expected to be $ 1 per adult for individuals with incomes up to $ 200. ...

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