Tax Blog
Tips to help you prepare for tax season
2021 Standard Mileage Rates Now Available
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 apply on January 1, 2021.… Read more about 2021 Standard Mileage Rates Now Available (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
FTC Warns of Scams in “12 Days of Consumer Protection” Campaign
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.… Read more about FTC Warns of Scams in “12 Days of Consumer Protection” Campaign (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
$900 Billion in Coronavirus Relief Includes Direct Payments, Unemployment Benefits
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, unemployment benefits, and additional Paycheck Protection Program funds.… Read more about $900 Billion in Coronavirus Relief Includes Direct Payments, Unemployment Benefits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Expansion of E-file Self-Correction Could Cut Taxpayer Hassle and Costs
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) – Story provided by TaxingSubjects.com…
Guidance Released for Some Debt Instruments Issued for Property
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 TaxingSubjects.com…
New IRS Guidance Eases Burdens on Certain Safe Harbor Plans
The Internal Revenue Service has issued Notice 2020-86, addressing certain parts of the SECURE Act that affect safe harbor plans—including safe harbor 401(k) plans and some 403(b) plans.… Read more about New IRS Guidance Eases Burdens on Certain Safe Harbor Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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