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Late IRS guidance on state stimulus checks threatens to upend tax season
Yahoo Finance via AOL· 1 year agoIt's just over two weeks into tax filing, and many tax professionals were almost ready to call this...
IRS won’t tax most relief payments made by states last year
WFXT via Yahoo News· 1 year agoThe IRS announced Friday that most relief checks issued by states last year aren’t subject to...
Inflation Relief: IRS Clarifies Where Taxpayers Must Report State Bonus Checks
GOBankingRates via Yahoo Finance· 1 year agoThe IRS has provided guidance on how taxpayers in some states should handle special tax refunds or...
Bogus 'tax service specialists' duped business owners in latest Covid relief debacle, IRS says
NBC News via Yahoo Finance· 2 months agoWhen the pandemic upended daily life in his small Missouri town, small-business owner Scott Volner...
Tax season thrown into chaos as IRS weighs taxing Maine relief checks
Portland Press Herald, Maine via Yahoo News· 1 year agoFeb. 8—When the state distributed $850 relief checks to Mainers last year, the idea was to lend a no-strings-attached helping hand to people struggling with record inflation largely driven by ...
State Stimulus & Taxes: Is Your Inflation Relief Check Taxable?
GoBankingRates via AOL· 1 year agoThe Internal Revenue Service (IRS) finally issued guidance regarding the federal tax status...
Accountants brace as IRS weighs whether to tax pandemic relief checks
Portland Press Herald, Maine via Yahoo News· 1 year agoFeb. 10—"What about the $850?" It's the first question Bob Begin, a Saco-based certified public accountant, heard on Friday, and a query he and other CPAs will likely continue to hear as taxpayers ...
Tax refunds: When they're issued by IRS, why they're smaller, yet millions more are issued
Detroit Free Press via Yahoo News· 1 year agoAfter weeks of warnings, many people aren't surprised to see that the average tax refund is a good...
If You Live in These 4 States You May Have To Report Your Inflation Relief Check According to New...
GoBankingRates via AOL· 1 year agoFollowing much confusion and conflicting advice, the Internal Revenue Service (IRS) has finally...
Taxes: IRS waives penalty for taxpayers with tax bills from 2020 and 2021
Yahoo Finance· 5 months agoNearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion...
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