by Patricia Parrilla Tax Services | 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 Patricia Parrilla Tax Services | 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. While the CAA is actually a government funding bill, it includes provisions for expanding the...
by Patricia Parrilla Tax Services | Dec 25, 2020 | Tax Tips and News
Taxpayers who expect to do some business-related driving next year will probably be happy to learn that the optional standard mileage rates for 2021 are now available from the Internal Revenue Service. Included in Notice 2021-02, the new standard mileage rates will...
by Patricia Parrilla Tax Services | Dec 23, 2020 | Tax Tips and News
The Internal Revenue Service and its Security Summit partners routinely raise awareness about data security issues threatening the financial health of taxpayers. Unsurprisingly, they’re not the only agency trying to protect you from con artists. The Federal Trade...
by Patricia Parrilla Tax Services | Dec 22, 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,...
Patricia Parrilla Tax Services