Congressional lawmakers remain at odds over whether to authorize funding for another round of stimulus payments. Senate Majority Leader Mitch McConnell said Tuesday that the Senate would vote on a "targeted"coronavirusrelief package this week, but the legislation does not provide money for a stimulus ...
(Sovereign Man) A few hundred pages into the latest $1.9 trillion Covid relief law, the “American Rescue Plan Act of 2021,” you’ll findSection 9674, It says that a “third party settlement organization” does not have to report to the Internal Revenue Service (IRS) any payments to co...
IRS Grants Relief for COVID-19 Disruptions on Tax Residency: Time Rules Are Eased for the Substantial Presence Test for Foreign Citizens in the US and the Foreign Earned Income Exclusion for US Citizens AbroadThe IRS provided relief to individuals and businesses whose tax residence might be ...
The relief payment, worth up to $1,400 per person, is a key part of President Biden's $1.9 trillion economic relief package. The American Rescue Plan Act looks to cushion COVID's economic impact and support the economy while it recovers from the pandemic. The package also extends unemploym...
The IRS has almost 1 million unclaimed tax refunds just sitting around. Are you still owed money from 2020? It is surreal to think that this time four years ago the world wasshutting downand the COVID-19 pandemic was just beginning: 2020 was an unprecedented year when people were forced ...
While SETC (Self-Employed Tax Credit) and FFCRA (Families First Coronavirus Response Act) are both born from the same legislative umbrella aimed at providing COVID-19 relief, there's a neat distinction in their applicability: SETC: A Special Focus for the Self-Employed FFCRA: The Employee-Or...
While SETC (Self-Employed Tax Credit) and FFCRA (Families First Coronavirus Response Act) are both born from the same legislative umbrella aimed at providing COVID-19 relief, there's a neat distinction in their applicability: SETC: A Special Focus for the Self-Employed FFCRA: The Employee-Or...
COVID relief payments, too:In addition, to the payment lines, voice bots were added to the Economic Impact Payment (EIP) toll-free line. They provide general procedural responses to frequently asked questions about this tax credit created to provide assistance during thecoronavirus pa...
People who are not required to file 2020 tax returns are still eligible to receive the $500 payment relief, according to the IRS. Those individuals should also use the “Non-Filers tool” to receive their payment. The IRS has been criticized for giving Social Security recipients ...
President Joe Biden’s $1.9 trillion coronavirus relief package was approved earlier this month, triggering the third stimulus payment amid the ongoing pandemic to Americans. RELATED:Senate approves $1.9T COVID-19 relief bill after all-night session ...