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. ...

About 1 million Americans have not yet received a tax refund: what happened

The Internal Revenue Service (IRS) needs to process about 1 million more tax returns. A similar delay caused by the crisis and teleworking during the COVID-19 pandemic. Writes about this Fox Business. As of November 20, the IRS processed about 162,4 million of the received ...

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 Sends Notices of Debts to People Who Don't Have Debt

Cryptocurrency traders receive letters from the Internal Revenue Service (IRS) that mistakenly say they owe thousands of dollars in taxes due to inconsistencies in tax forms. Fox News reported on this in more detail. CryptoTrader.tax company providing software and tax calculator for ...

If you have tax debt, wait for an IRS agent to visit

After the end of the pandemic, the US Internal Revenue Service (IRS) will track and come home to people with high incomes (above $ 100 thousand per year), if there is reason to suspect them of tax evasion. Read more about what the IRS will do, the edition told ...

IRS publishes tax rates and categories for 2021: what has changed

The Internal Revenue Service (IRS) has released federal tax rates and tax categories for 2021. Seven tax rates remained unchanged and income limits were adjusted for inflation. The details were shared by CNBC. 2021 Tax Categories Affect Taxes, ...

NYT received Trump tax returns: he has not paid taxes in years

The New York Times has received Donald Trump's tax information for more than two decades revealing real estate problems, huge write-offs and hundreds of millions of dollars in debt to be paid off. According to the publication, Donald Trump paid only $ 750 in federal income tax for ...

Financial losses that may result from moving to another state

If you have worked from home in the past six months, you may want to change your environment. Or maybe they are already interested in moving to another US state, suggests CNN. If you do not need to be attached to the office, then you will prefer to be closer to the family (more ...

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. ...

How will Trump's new payroll tax decree affect American income?

President Trump has signed four executive acts in an attempt to bypass Congress, which is stalled in talks on coronavirus aid, and to help American workers and businesses still recovering from the pandemic. One of the decrees implies a tax postponement ...

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