Tax Blog

Tips to help you prepare for tax season

The latest tax tips and news from Alvarez & Co.

Go to IRS.gov for Answers to EIP Questions

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…

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2021 Standard Mileage Rates Now Available

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…

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$900 Billion in Coronavirus Relief Includes Direct Payments, Unemployment Benefits

$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…

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