by Smart Business Solutions | Dec 31, 2020 | Tax Tips and News
The Treasury Department and Internal Revenue Service yesterday evening announced that the next set of Economic Impact Payments are officially on the way. According to the IRS release, the agency aimed to start direct deposits later that night and send the first round...
by Smart Business Solutions | Dec 30, 2020 | Tax Tips and News
The president signed H.R. 133, or the Consolidated Appropriations Act of 2021, on Sunday, December 27, greenlighting $900 billion in coronavirus relief for Americans.… Read more about President Signs Second Coronavirus Stimulus, Direct Payments on the Way (Feed...
by Smart Business Solutions | Dec 28, 2020 | Tax Tips and News
The Internal Revenue Service has issued Revenue Ruling 2021-01, which lays out the prescribed rates for various income tax purposes.… Read more about Guidance Released for Some Debt Instruments Issued for Property (Feed generated with FetchRSS) – Story provided...
by Smart Business Solutions | Dec 28, 2020 | Tax Tips and News
A government audit says that allowing taxpayers to electronically correct their returns is more than just good customer service—it’s good business.… Read more about Expansion of E-file Self-Correction Could Cut Taxpayer Hassle and Costs (Feed generated with FetchRSS)...
by Smart Business Solutions | Dec 28, 2020 | Tax Tips and News
According to reporting from The Hill, Congress is poised to vote on a second coronavirus relief package. The bill is expected to pass Congress and land on the president’s desk later today, greenlighting $900 billion in aid that will include direct payments,...
