by Patricia Parrilla Tax Services | Nov 9, 2020 | Tax Tips and News
New guidance has been issued by the Department of the Treasury and the Internal Revenue Service for employers and employees with terminating 403(b) plans. The guidance is aimed specifically at plans that fund benefits through 403(b)(7) custodial accounts. This new...
by Patricia Parrilla Tax Services | Nov 6, 2020 | Tax Tips and News
The Security Summit yesterday reported that taxpayers are being targeted by a new series of text-message scams that impersonate state departments of revenue and tax relief organizations. An organization comprised of the Internal Revenue Service, state tax agencies,...
by Patricia Parrilla Tax Services | Nov 6, 2020 | Tax Tips and News
The Internal Revenue Service announced that some college students could qualify for an Economic Impact Payment. This press release is part of the agency’s push to get all eligible non-filers to register for an EIP before the Nov. 21, 2020 deadline, and it comes days...
by Patricia Parrilla Tax Services | Nov 4, 2020 | Tax Tips and News
The Internal Revenue Service has unveiled changes they say will help struggling taxpayers affected by the pandemic settle their IRS tax debts more easily. The agency says it took a hard look at its collection activities to see how it could offer some relief to...
by Patricia Parrilla Tax Services | Nov 3, 2020 | Tax Tips and News
Most US citizens, entities, and resident aliens with a foreign bank or financial account have seen their IRS reporting deadline come and go. But for some taxpayers, one more deadline remains to file their 2019 Report of Foreign Bank and Financial Accounts, or FBAR....
Patricia Parrilla Tax Services