2024年3月25日 · The IRS reminds taxpayers seeking a 2020 tax refund that their funds may be held if they have not filed tax returns for 2021 and 2022. In addition, any refund amount for 2020 will be applied to amounts still owed to the IRS or a state tax agency and may be used to offset unpaid child support or other past due federal debts, such as student loans.

2025年1月12日 · Filing your 2020 taxes will be different due to some stimulus-related legislation and the usual inflation adjustments. Here are a few key tax law changes and other shifts that will affect your 2021 filing. 1. The Standard Deduction increased for inflation. 2. Changes to retirement savings rules and limits. 3.

IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns with unpaid balances – In a major step to help people who owe back taxes, the IRS announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices ...

IR-2025-19, Jan. 30, 2025 — The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier. 2025 tax filing season starts as IRS begins accepting tax returns today; taxpayers have many options for help.

2022年4月12日 · Tax professionals should know that the U.S. Treasury Department and IRS have extended the federal income tax year 2020 filing due date for individuals from April 15, 2021, to May 17, 2021.

2019年11月22日 · Check the latest IRS updates for 2020 tax brackets and standard deductions along with new forms to file, and contribution limits.

2019年11月6日 · The IRS on Wednesday released the updated tax brackets for the 2020 filing season, which have been modified to keep pace with inflation. The 2020 filing season refers to taxes that need to be...

2021年6月10日 · The following article reviews the higher impact tax law changes and tax form changes, and what they mean for the tax year 2020 filing season to ensure accurate preparation of tax returns. Please consider sharing with your staff and clients as needed.

2020年11月3日 · 2020 Tax Year. With the recent changes, we might need to consider amending 2018 & 2019 returns to include the retro-active legislation of the SECU. E & CARES Acts. Our learning objectives a. ill at $24,800. When Singles and HOH reach age 65 they receive an additional $1,650, while married couples and blind taxpayers only receive $1,300.

2020年12月23日 · There is a new 5 step process that guides taxpayers through the form. The updates include: There are several changes to Form 1040 this year. With the reinstatement of Form 1099-NEC to report nonemployee compensation (details above), Form 1099-MISC has been updated for 2020.