News
Property tax bills to go out late this year in Jefferson Parish. Blame coronavirus, Hurricane Zeta
Source: nola.com - Dec 10, 2020 Property tax bills for Jefferson Parish businesses and residents are going out a little later this year because of the coronavirus pandemic and Hurricane Zeta, but should be arriving by... Read more > Category: General Business |
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Tied the knot in 2020? Some newlyweds face a marriage tax penalty
Source: cnbc.com - Dec 10, 2020 As many newlyweds discover, there’s a lot of sharing that goes on in a marriage. Including your taxes. If you tied the knot this year (or plan to do so in December), it may be worthwhile... Read more > Category: General Business |
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Tax Exempt Organization Search (formerly Select Check)
Source: irs.gov - Dec 10, 2020 Data Update Delays Expect delays in data updates for the Tax Exempt Organization Search tool. We are still processing paper-filed 990 series received April 2020 and later. System Limitations... Read more > Category: General Business |
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Still no stimulus check? What the IRS wants you to know before filing 2020 taxes
Source: myfox8.com - Dec 10, 2020 (NEXSTAR) – With the end of 2020 approaching, the Internal Revenue Service wants people to know about changes that may affect their tax returns, including those people who never received a... Read more > Category: General Business |
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Identity Protection PIN Program will soon be available to taxpayers nationwide
Source: irs.gov - Dec 9, 2020 IRS Tax Tip 2020-168, December 9, 2020 In January, the IRS Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identity. An Identity Pretention... Read more > Category: General Business |
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TaxAudit Reveals Eleventh Hour Tax Tips and Strategies for 2020
Source: prnewswire.com - Dec 9, 2020 FOLSOM, Calif., Dec. 8, 2020 /PRNewswire/ -- TaxAudit, the largest tax representation service in the country, today released its last-minute 2020 tax tips. The tips will help taxpayers be proactive... Read more > Category: General Business |
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Businesses that got CARES Act loans are facing surprise tax bills
Source: omaha.com - Dec 9, 2020 LINCOLN — Businesses that received federal Paycheck Protection Program loans to help survive the economic fallout from the coronavirus pandemic are facing a cruel surprise — an unexpected tax... Read more > Category: General Business |
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Democrats’ new agenda: Give aid to the affluent
Source: bostonherald.com - Dec 9, 2020 As Joe Biden prepares to take office as president, the Democratic Party is pushing for an economic agenda that reflects the priorities of its new coalition: one that has more college degrees, and... Read more > Category: General Business |
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12 States That Won't Tax Your Retirement Income
Source: kiplinger.com - Dec 9, 2020 You've worked hard all your life, and now you're retired (or will retire soon). Unfortunately, there's a pretty good chance that Uncle Sam is going to take a cut of your 401(k), traditional IRA or... Read more > Category: General Business |
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IRS has backlog of 1M unprocessed tax returns
Source: foxbusiness.com - Dec 8, 2020 The Internal Revenue Service still needs to process about 1 million paper tax returns after the coronavirus pandemic and subsequent stay-at-home mandate upended operations, the agency’s... Read more > Category: General Business |
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No ‘Stealth Tax Hike’ in 2021, but Individual and Business Tax Increases Loom
Source: taxfoundation.org - Dec 8, 2020 As taxpayers and policymakers consider the prospects for federal tax policy in 2021, it is important to also consider how existing tax law may change in 2021 and over the next five years. While... Read more > Category: General Business |
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Here’s how your taxes would change if Schumer’s call for $50,000 student loan forgiveness is adopted
Source: cnbc.com - Dec 8, 2020 Senate Minority Leader Chuck Schumer, D-N.Y., has called on President-elect Joe Biden to forgive up to $50,000 for student loan borrowers. “Ahead of the new administration, the four of us are... Read more > Category: General Business |
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Bitcoin hit the $19,800 mark. What the IRS wants to know about your holdings
Source: cnbc.com - Dec 4, 2020 If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. On Monday, the cryptocurrency’s value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The... Read more > Category: General Business |
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Get Ready for Taxes: Get ready now to file 2020 federal income tax returns
Source: irs.gov - Dec 4, 2020 IR-2020-256, November 17, 2020 WASHINGTON – The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and... Read more > Category: General Business |
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New Orleans mayor threatens layoffs if tax changes fail
Source: wbrz.com - Dec 4, 2020 NEW ORLEANS (AP) — The mayor of New Orleans is threatening to lay off city employees unless voters on Saturday agree to extend three property taxes. If the measures aren’t approved, the city... Read more > Category: General Business |