At The Center Square in Washington, D.C. Internal Revenue Service backlogs are being slammed by both Republicans and Democrats. President Joe Biden’s monthly child tax credit, part of a $1.9 trillion “COVID relief” bill, may be partly to blame for ...

Newstar) With tax season upon us, there has been a lot of discussion about the Child Tax Credit and how it will affect your tax return. You may be able to help your dependent children get a tax refund, too, ...

When bitcoin, dogecoin, ether, and other cryptocurrencies reached record high valuations and became more widely accepted for commercial use in 2021, cryptocurrency investing and spending became an important topic once again. Think of Tesla accepting bitcoin and dogecoin as payment ...

People who had more than 200 transactions exceeding $20,000 were previously exempt. As a result of a change in the American Rescue Act that went into effect at the beginning of this year, payment amounts have been lowered to $600, ...

Preferable Tongue The IRS is still unable to get even the most basic of tax rules correct. Adding to its authority is a bad idea. Andrew Wilford Twenty-two years from now, Still, the IRS can’t seem to get the fundamentals ...

Most banks and post offices will be closed on Presidents Day, but most grocery stores and restaurants will be open for business as usual. In addition, federal offices, notably the Social Security Administration, are expected to close. We discuss whether ...

Due to criticism from lawmakers, the Internal Revenue Service announced late Wednesday that it will delay the mailing of automatic collection notifications, which are sent when the IRS determines that a taxpayer owes tax but has not filed a tax ...

The IRS published a press statement on Feb. 14, 2022, announcing the creation of a “special new page” with filing alerts for the 2021 tax season. The previous tax year’s filing season began on Jan. 24, 2022, and tax returns ...

The majority of Americans received their full Economic Impact Payment — or third stimulus payment — in 2021, but there’s a chance you’ll get extra. You can get an additional $1,400 if you had a baby or added a qualifying ...