It’s a busy time for the Treasury Department and the Internal Revenue Service. They’re sending out some 8 million second-round Economic Impact Payments (EIPs) by prepaid debit card.… Read more about Treasury Issuing Millions of EIPs by Debit Card in Second Round (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service this afternoon announced it was working with the tax and financial industry to redirect Economic Impact Payments that were direct deposited in closed, inactive, or “unfamiliar” bank accounts.… Read more about IRS, Tax Industry Working to Redirect Some EIP Direct Deposits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has eased the cost of participation in the Paycheck Protection Program (PPP) by allowing deductions for the payment of eligible expenses.… Read more about Eligible PPP Expenses Are Now Deductible (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service is reminding tax professionals and taxpayers that employers need to file Form W-2 and other wage statements by Feb. 1, 2021.… Read more about IRS Reminds Employers of February Wage Statement Deadline (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Ask most people what they thought of 2020, and the response is likely to be something like, “disastrous,” “catastrophic” — even “unprecedented.”… Read more about Annual Report Finds IRS Rose to Challenges of an “Unprecedented” Year (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The second set of Economic Impact Payments are already showing up in eligible Americans’ bank accounts, but some may encounter problems with their direct payment. Rather than picking up the phone, the Internal Revenue Service today advised taxpayers to instead visit the IRS website for answers since “IRS phone assistors do not have additional information beyond what’s on IRS.gov.”… Read more about Go to IRS.gov for Answers to EIP Questions (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…