Category: Taxing Matters

What is the child tax credit for 2021? We answer all your questions about the latest updates to the IRS child tax credit here.

The IRS recently announced an extended filing deadline for 2020 Federal returns for individuals (and couples) from April 15th to May 17th.

IRS SCAMS: HOW TO AVOID THEM

As the year begins, many of the issues that plagued both the federal and state taxing authorities in 2020 look to continue into 2021.

As we enter the final quarter of 2020 and finalize the 2019 tax year, we find that many of the IRS issues highlighted in our previous Commentary persist.

Given that operations at the Internal Revenue Service have largely shut down since late March, taxpayer guidance and assistance has been minimal

Congress has enacted and the President has signed the Coronavirus Aid Relief and Economic Security Act more familiarly known as the CARES Act.

Despite the end of year flurry of activity in Washington, the House and Senate approved two appropriations bills in December.

As we approach the end of 2019, we are monitoring several tax developments: