Two top Democrats in the House of Representatives on Monday urged the Internal Revenue Service (IRS) to mimic what was done last year and extend the tax filing deadline, citing the ongoing COVID-19 pandemic. House Ways and Means Committee Chairman Richard E. Neal (D-Mass.) and Oversight Subcommittee Chairman Bill Pascrell Jr. (D-N.J.) said in a…
IRS Commissioner: No Plans to Extend Tax-Filing Season Like Last Year
Americans shouldn’t expect another extended tax-filing season, according to testimony given by the head of the Internal Revenue Service (IRS) Tuesday. “We have no present plans to extend the filing season,” IRS Commissioner Charles Rettig told lawmakers in Washington. “Keep in mind, it creates a lot of confusion for taxpayers. It also backs up the…
Four Ways 2020 Might Impact Your Tax Return
Last year, we dealt with a lot of unknowns because of the coronavirus situation. Taxes were no exception. From the federal tax deadline being moved up to new legislation being passed, there were loopholes coming at us left and right. Now that the dust is starting to settle, let’s get some clarity about what we…
Treasury, IRS to Find 8 Million Households yet to Claim COVID-19 Stimulus
The U.S. Department of the Treasury announced Friday that as many as 8 million households may be eligible for but haven’t claimed COVID-19 stimulus payments. The Treasury said it “will work to stand up an effort to help households who have not yet been able to access their stimulus payments get much-needed relief,” adding that as…
8 Million Households Yet To Claim CCP Virus Stimulus Payments
The U.S. Department of the Treasury announced Friday that as many as 8 million households haven’t claimed CCP virus stimulus payments, despite being eligible. The Treasury said it “will work to stand up an effort to help households who have not yet been able to access their stimulus payments get much-needed relief,” adding that as many…
8 Million Households Yet To Claim CCP Virus Stimulus Payments: Treasury
The U.S. Department of the Treasury announced Friday that as many as 8 million households haven’t claimed CCP virus stimulus payments, despite being eligible. The Treasury said it “will work to stand up an effort to help households who have not yet been able to access their stimulus payments get much-needed relief,” adding that as many…
IRS Pushes Back Start of Tax Filing Season to Feb. 12
People won’t be able to start filing taxes until Feb. 12, the Internal Revenue Service (IRS) said. The delay gives the IRS time to do additional programming and testing of systems following tax law changes implemented late last year. The changes were made to give most Americans another round of direct payments after Congress passed…
IRS Delays Start of Tax Filing Season to Feb. 12
People won’t be able to start filing taxes until Feb. 12, the Internal Revenue Service (IRS) said on Jan. 15. The delay will give the agency time to do additional programming and testing of systems following tax law changes implemented late last year. The changes were made to give most Americans another round of direct payments…
NTD Business Full Broadcast (Jan. 8)
The newest jobs report is out — unemployment remains about the same. But we speak to a senior analyst who says he’s hopeful about the future. The I-R-S gives a tax break for small businesses. They can now write off expenses paid for with forgiven PPP loans. We talk to an expert. Deutsche Bank will pay…
NTD Business Full Broadcast (Dec. 30)
Senate Majority leader Mitch McConnell proposes a new bill to give $2,000 stimulus checks to Americans. But even if that doesn’t pass, the treasury says they are already sending the smaller $600 checks to Americans. The IRS is ramping up small business audits by 50%. We take a look at how this may affect business…
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