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Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS…
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IRS extends additional tax deadlines for individuals to May 17

WASHINGTON – The Internal Revenue Service today announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund. This…
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More Economic Impact Payments set for disbursement in coming days

WASHINGTON – The Internal Revenue Service announced today that the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card. For taxpayers receiving direct…
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U.S. Employers Promoting Covid Vaccinations, But Not Requiring Them

U.S. employers are taking measures to make vaccines more accessible to their employees and to encourage them to get inoculated, according to a new survey by Willis Towers Watson, a leading global advisory, broking and solutions company. The…
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Small Business Owners Expect Growth in 2021

As the one-year anniversary of the global pandemic shut down approaches, a new survey of US small and midsize businesses (SMBs) by Bill.com found that 75 percent of small business owners (SBOs) are moving to introduce new products and services…
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Double-check for missing or incorrect Forms W-2, 1099 before filing taxes

WASHINGTON — With some areas seeing mail delays, the Internal Revenue Service reminds taxpayers to double-check to make sure they have all of their tax documents, including Forms W-2 and 1099, before filing a tax return. The IRS reminds…
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IRS extends April 15 and other upcoming deadlines for victims of Texas winter storms

WASHINGTON – Victims of this month’s winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Following The recent disaster…
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Eligible people can claim Recovery Rebate Credit

WASHINGTON – The IRS announced today that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season. Beginning in April…
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2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic

WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. The February 12 start date for individual…