Tax Blog
Tips to help you prepare for tax season
Using the IRS Withholding Estimator
The IRS Tax Withholding Estimator on IRS.gov does just what it says: help taxpayers determine whether their employer is withholding enough tax or if they need to fill out a new Form W-4.… Read more about Using the IRS Withholding Estimator (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New Guidance Makes Road Ahead Clearer for Transportation Firms
New guidance from the Internal Revenue Service tries to clear up questions some transportation companies may have about pandemic-related federal grants.… Read more about New Guidance Makes Road Ahead Clearer for Transportation Firms (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Repaying Deferred Social Security Tax
For self-employed taxpayers and household employers, it’s time, as they say, to pay the piper. The CARES Act—also known as the Coronavirus Aid, Relief and Economic Security Act—gave these specific taxpayers permission to defer paying certain Social Security taxes for tax year 2020.… Read more about Repaying Deferred Social Security Tax (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Update Bank Info for Advance Child Tax Credit Payments on IRS.gov
Monthly Advance Child Tax Credit payments are set to begin in two weeks. While it’s too late to change the bank account that will receive the July 15 payment, qualifying taxpayers can now use a tool on IRS.gov to update their information before the August payment is issued.… Read more about Update Bank Info for Advance Child Tax Credit Payments on IRS.gov (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New Guidance Lights Up Renewable Energy Projects
New guidance from the Internal Revenue Service and the Treasury Department is aimed at keeping the lights on at renewable energy projects delayed by the COVID-19 pandemic.… Read more about New Guidance Lights Up Renewable Energy Projects (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Registration Might Be Required for Advance Child Tax Credit Payments
Taxpayers who aren’t required to file a federal income tax return don’t need to file to get advance payments of the Child Tax Credit. They will, however, have to register with the IRS if they haven’t filed a return lately.… Read more about Registration Might Be Required for Advance Child Tax Credit Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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