Treasury Department report outlines Biden tax proposal

Treasury Department report outlines Biden tax proposal

May 26, 2021 | News to Note

From the U.S. Department of the Treasury — President Biden in April proposed the American Jobs Plan, a comprehensive proposal aimed at increasing investment in infrastructure, the production of clean energy, the care economy, and other priorities. Combined, this plan...
Security Awareness: 3 Ways To Protect Your Identity Online

Security Awareness: 3 Ways To Protect Your Identity Online

May 12, 2021 | News to Note

From KnowB4.com — Within security awareness training programs, cybersecurity experts promote various tactics and best practices to implement within personal and work environments to protect your identities online and reduce the risk of theft or privacy loss. While...
IRS Holding Over 29 Million Returns for Manual Processing

IRS Holding Over 29 Million Returns for Manual Processing

May 5, 2021 | News to Note

From the National Society of Accountants — Over the years, the IRS has gotten quite good at processing tax returns and issuing refunds quickly and efficiently. The IRS website says that normal processing time for an electronically filed return is 21 days, but in...
American Rescue Plan adds Enhanced Child Tax Credit

American Rescue Plan adds Enhanced Child Tax Credit

Apr 28, 2021 | News to Note

From Pinnacle Wealth Planning Services, Inc. — If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents who are not qualifying children.) The American...
IRS suspends requirement to repay excess APTC

IRS suspends requirement to repay excess APTC

Apr 21, 2021 | News to Note

From the National Society of Accountants (NSA) — Suspension is only for tax year 2020, and those claiming net Premium Tax Credit must file Form 8962 WASHINGTON — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability...
0