Is The Pandemic Affecting Your Retirement Saving?
While many people have seen their retirement accounts reach new highs, others have faced challenges when it comes to saving for retirement, according to a Fed report.
Five Facts About The New Advance Child Tax Credit
The advance CTC payments will be up to $300 a month for each qualifying child under age 6, and up to $250 a month for each qualifying child age 6 to 17.
Take This Quiz: Can You Recognize Potential Financial Exploitation Of A Senior?
Picking up on seniors' vulnerability and exposure to financial exploitation is not as easy as you might imagine. It helps to get some guidance from regulators.
Taxpayers Are Asking IRS: ‘Where Is My Refund?’ And ‘Where Is My Stimulus Payment?’
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
Inherit An IRA Recently? IRS Revised Pub. 590-B Corrected On May 25, 2021
The correction eliminated the annual withdrawal language for inherited IRAs, clarifying that withdrawals could be made at any time before a 10 year-deadline.
File An Amended 2020 Tax Return After New PPP Guidance, Or Wait?
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.
Talk To The IRS: Here’s How To Make Your Voice Heard On Tax Issues
You can submit recommendations for the 2021-2022 Priority Guidance Plan, which the IRS uses to prioritize tax issues that need to be addressed.
Apply To The TAP By June 1 If You Want To Help Improve The IRS
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.