Many college students may still qualify for an Economic Impact Payment; Review the guidelines and register by Nov. 21 at IRS.gov

WASHINGTON – The Internal Revenue Service today urged any eligible self-supporting college student who doesn’t need to file a tax return to register by Nov. 21 so they can receive an Economic Impact Payment before the end of the year.…

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Posted: 11/05/2020

New income ranges for IRA eligibility in 2021

There are cost of living adjustments that may affect a taxpayer’s pension plan and other retirement-related savings next year. People should familiarize themselves with these adjustments, so they aren’t caught off guard. Here are some highlights of the 2021 changes:…

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Posted: 11/04/2020

IRS makes it easier to set up payment agreements; Offers other relief to taxpayers struggling with tax debts

The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The revised COVID-related collection procedures will be helpful to taxpayers, especially those who…

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Posted: 11/02/2020

IRS provides tax relief for victims of Hurricane Sally; Oct. 15 deadline, other dates extended to Jan. 15

WASHINGTON — Victims of Hurricane Sally that began on Sept. 14 now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this…

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Posted: 09/24/2020