The Non-filer Sign-up Tool is one of the options available for tracking an IRS tax refund or a stimulus payment, but many people remain frustrated waiting for their funds
The correction eliminated the annual withdrawal language for inherited IRAs, clarifying that withdrawals could be made at any time before a 10 year-deadline.
Under Revenue Procedure 2021-20, those who filed 2020 tax returns and did not deduct PPP-related expenses can do so in an amended return or on next year's return.
You can submit recommendations for the 2021-2022 Priority Guidance Plan, which the IRS uses to prioritize tax issues that need to be addressed.
If you qualify, you could serve a three-year term on the Taxpayer Advocacy Panel, an advisory committee to the IRS made up of about 75 citizen volunteers.
Form 8606 is used for certain instances involving IRAs, including nondeductible contributions to traditional IRAs, distributions from Roth IRAs and Roth conversions.
If you haven’t received the first two EIPs, or received less than the full amount, you could be eligible to claim the Recovery Rebate Credit.
The RMD example for inherited IRAs in IRS Publication 590-B will be corrected with an updated release. The changes are expected to be made soon.