The new stimulus package tax provisions have expanded or extended several important tax credits and deductions for individual taxpayers and small business owners.
Late Sunday evening, lawmakers finally came to an agreement on the long-awaited, second coronavirus relief package. Although much smaller than Democrats had hoped for, the $900 billion bill is expected
Each year, the Internal Revenue Service (IRS) makes adjustments to the U.S. tax code based on inflation. This is to help prevent taxpayers from being bumped into higher tax brackets
On Monday, the Internal Revenue Service (IRS) announced several new changes that are designed to help taxpayers who are impacted by COVID-19. The new IRS Taxpayer Relief Initiative will expand
The Internal Revenue Service (IRS) recently announced that it will extend the deadline to register for an Economic Impact Payment (EIP) to November 21, 2020. The EIP extension applies only
The Internal Revenue Service (IRS) recently released its annual “Dirty Dozen” list to help raise awareness about common tax scams. This year, the focus was on scams that target taxpayers
Earlier this month, the IRS reopened its campuses and began the monumental task of processing nearly 11 million pieces of unopened mail, in addition to the 20 million notices that