Avoid a Possible Tax Bill – Advance Child Tax Credits and Custody
Here’s how a taxpayer’s custody situation may affect their advance child tax credit payments
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Non-Traditional Families and Advance Child Tax Credit Payments
Families come in all shapes and sizes – and some families may not realize they could receive advance payments of the 2021 child tax credit in the last months of this year.
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Your Research Credit Claim Refund
The IRS has set forth the information that taxpayers will be required to include for a research credit claim for refund to be considered valid.
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Tax Relief Now Available to Ida Victims in NY and NJ
Victims of Hurricane Ida in parts of New York and New Jersey now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments.
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Cost of Home Testing for COVID-19 is Eligible Medical Expense
The Internal Revenue Service reminds taxpayers today that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), or Archer medical savings accounts (Archer MSAs).
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Renewed Tax Credit Can Help Employers Hire Workers
With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment.
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Qualify for the Home Office Deduction
Many Americans have been working from home due to the pandemic, but only certain people will qualify to claim the home office deduction.
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Correctly Identify Workers as Employees or Independent Contractors
During National Small Business Week, the Internal Revenue Service reminds business owners that it’s critical to correctly determine whether the individuals providing services are employees or independent contractors.
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Tax Benefits Help Individuals and Businesses Give to Charity
Deductions Up to $600 Available for Cash Donations by Non-Itemizers
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Relief for Employers Claiming the Work Opportunity Tax Credit
The Internal Revenue Service announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC).
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