The Internal Revenue Service has once again revised the frequently asked questions (FAQs) for the 2021 Child Tax Credit (CTC) and Advance Child Tax Credit (ACTC). These revisions take into account several changes, including the end of filing season for the 2021 tax year.… Read more about IRS Updates FAQs for 2021 CTC and ACTC (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Internal Revenue Service is increasing the interest rates it can charge taxpayers for under- or overpayments, starting July 1. This follows the trend of interest rates for consumer loans and other financial transactions.… Read more about Higher IRS Interest Rates Coming in Q3 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
It’s a tight job market out there, and many employers are struggling to recruit and retain qualified employees to maintain operations. While tax pros can’t provide employees for their clients’ businesses, they can explain tax benefits like the Work Opportunity Tax Credit (WOTC). This credit is designed to reward employers who hire long-term unemployment recipients or those who face employment challenges.… Read more about IRS Highlights Work Opportunity Tax Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
As localized natural disasters continue to wreak havoc on a more global scale, it seems Mother Nature is finding new and frightening ways to disrupt our daily lives. From hurricanes and floods to droughts and forest fires, it’s no wonder we must think about how these “outdoor” occurrences might affect “indoor” living. May observes National Hurricane Preparedness Week in preparation for hurricane season, June 1 through November 30. Surviving these storms isn’t always about just physical survival, but one’s economic survival as well.… Read more about Five Tax Tips for Hurricane Season (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
A reworked version of Form W-4 has been released by the IRS and the Treasury Department for the 2020 tax year.… Read more about IRS Releases Reworked Form W-4 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…