COVID-created tax refund interest payments going to nearly 14 million filers(Sunday, Aug. 23, 2020) IRS stops sending nonpayment tax notices until it clears COVID snail mail backlog(Saturday, Aug. 22, 2020) W&M chair to IRS: Stop sending COVID-delayed notices(Thursday, Aug. 20, 2020)...
"The IRS was set to make massive changes to the 1099-K form for this tax season, but those changes have just been delayed until the 2024 tax season," Karla Dennis, the founder of Karla Dennis & Associates, said. "That's good news for all you small business owners because now the IRS...
The tax program was originally projected to cost the government $55 billion. But by last fall, that estimate had ballooned to $230 billion as a result of what IRS officials described as massive fraud boosted by third-party firms urging entrepreneurs to apply with dubious promise...
But there is very good reason for everyone to file a federal tax return this year, even if your 2020 income was so low that the IRS doesn’t require you to file. You could get back more money than you think, or at least lower yourtax bill. A number of Covid relief provisions m...
• The deadline for businesses to submit personal property tax data has been postponed from April 20 to July 20, consistent with the annual income tax filing deadline being postponed by both the IRS and the State of Vermont from April 15 to July 15. Finance Department...