IRS Interest Rates Steady for Second Quarter

The Internal Revenue Service says its interest rates will hold at previous levels for the second quarter of 2021.… Read more about IRS Interest Rates Steady for Second Quarter (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Qualifying Taxpayers Need to File for a Shot at Recovery Rebate Credit

First-time income tax filers and those who usually don’t have a federal filing requirement are being urged to reconsider sitting out this filing season. They may be eligible to claim the Recovery Rebate Credit—but they have to file an income tax return to get it.… Read more about Qualifying Taxpayers Need to File for a Shot at Recovery Rebate Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Employee Retention Credit Covered in New IRS Notice

Congress bookended 2020 with two taxpayer relief packages aimed at mitigating the financial strain caused by the ongoing coronavirus pandemic.… Read more about The Employee Retention Credit Covered in New IRS Notice (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Filing Numbers Down; Chance of Extended Deadline Unclear

A status report from the IRS shows income tax returns are being filed at a much slower rate than last year. But unlike in 2020, an extension to the April 15 filing deadline is unclear.… Read more about Filing Numbers Down; Chance of Extended Deadline Unclear (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Domestic Production Activities Deduction Fuels IRS Alert

The Internal Revenue Service has issued an alert covering amended returns and claims for the Domestic Production Activities Deduction, also known as DPAD.… Read more about Domestic Production Activities Deduction Fuels IRS Alert (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…