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Inflation relief checks like Michigan proposal might not be taxed. IRS doesn't know yet.
Detroit Free Press via Yahoo News· 1 year agoOn Friday, the Internal Revenue Service issued a "stay tuned" alert of sorts that could delay the...
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 Universal via AOL· 2 months agoWhen the pandemic upended daily life in his small Missouri town, small-business owner Scott Volner...
Millions of Americans may finally get their tax refund checks as the IRS clears out a backlog of 8...
INSIDER via Yahoo News· 2 years agoFencing and Caution tape at the Internal Revenue Service (IRS) building in Washington, DC, on...
Maine officials believed relief checks were tax exempt -- but never asked the IRS
Portland Press Herald, Maine via Yahoo News· 1 year agoFeb. 9—Two Maine lawmakers who helped negotiate $850 relief checks for Maine taxpayers said Thursday that state officials had assured them that the IRS considered the payments tax free. But ...
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...
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...
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 ...
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...
Tax season has resumed—and the IRS is warning about more delays and smaller refunds in 2023
Fortune via Yahoo Finance· 1 year agoIt's a chaotic kickoff to tax season. A week after telling millions of taxpayers to hold off on...