Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from Alvarez & Co.
IRS Reminds Employers of February Wage Statement Deadline
The Internal Revenue Service is reminding tax professionals and taxpayers that employers need to file Form W-2 and other wage statements by Feb. 1, 2021.… Read more about IRS Reminds Employers of February Wage Statement Deadline (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Annual Report Finds IRS Rose to Challenges of an “Unprecedented” Year
Ask most people what they thought of 2020, and the response is likely to be something like, “disastrous,” “catastrophic” — even “unprecedented.”… Read more about Annual Report Finds IRS Rose to Challenges of an “Unprecedented” Year (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Go to IRS.gov for Answers to EIP Questions
The second set of Economic Impact Payments are already showing up in eligible Americans’ bank accounts, but some may encounter problems with their direct payment. Rather than picking up the phone, the Internal Revenue Service today advised taxpayers to instead visit the IRS website for answers since “IRS phone assistors do not have additional information beyond what’s on IRS.gov.”… Read more about Go to IRS.gov for Answers to EIP Questions (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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…
IRS Publishes Qualified Residential Living Facility Safe Harbor
The Internal Revenue Service this week published a safe harbor for the management or operation of qualified residential living facilities in Revenue Procedure 2021-9.… Read more about IRS Publishes Qualified Residential Living Facility Safe Harbor (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…
