This article was published by the IRS. The Internal Revenue Service has begun issuing refunds to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income. The IRS identified over 10 million taxpayers who filed their tax returns prior to the American Rescue Plan of 2021 [...]
This article was published by the IRS. The Internal Revenue Service reminds everyone that now is a good time to create or review emergency preparedness plans for surviving natural disasters. In the last year, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe storms, flooding, wildfires and an earthquake. Individuals, [...]
If you've already filed your MA tax return, you're probably wondering when you'll get your refund. To check on the status of your refund on the MA DOR website, you'll need your Social Security number (or ITIN), the tax year of your refund, and the refund amount.
This article was published by the IRS. The third Economic Impact Payment is different from the first and second payments in several ways. The third Economic Impact Payment is an advance payment of the 2021 Recovery Rebate Credit. The two earlier payments are advance payments of the 2020 Recovery Rebate Credit. Eligible people who didn't get [...]
Town of Plymouth’s COVID-19 Update – 12/22/20 GalleryAround Town, Coronavirus, Corporate Taxes, Government, In the News, IRS, Personal Taxes, Planning Strategies, Self-Employed, Small Business, Small Business Association (SBA), Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes
Heather appeared again in this week’s Tuesday episode (December 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update” to explain the ramifications of the new COVID-19 relief bill passed by Congress earlier this week. (UPDATE: President Trump has since asked Congress to review certain aspects of the bill before he will sign it into law.) [...]