The IRS is accepting 2020 tax returns starting February 12, 2021. getty The Internal Revenue Service says taxpayers should expect to face limited face-to-face operations, heavy call volume, and paper-processing delays as it opens today for tax season 2021, accepting tax returns for tax year 2020. And then there’s all the pandemic-related tax law changes
Taxes
Travel concept. Blue and red passports background. 3d illustration getty In some circles 2020 became the year of the second passport. For a cool THB 10 million (about $334,000), Thailand is doling out residency to investors willing to build residential real estate. St. Kitts and Nevis slashed the cost of its golden visa by $45,000
Economic Security Planning, Inc. Today’s column addresses questions about whether to decide when to file according to a break even analysis, whether you must actively file for benefits taken after earlier benefits and how military credits are applied for periods of actively service. Larry Kotlikoff is a Professor of Economics at Boston University and the
Tax return professional interviewing a client. ASSOCIATED PRESS Good tax professionals ask good questions. If you are using a paid preparer for the first time or are using a new preparer this filing season be sure that they have been keeping up with current events. The coronavirus pandemic has resulted in a host of new
SEC investigators are allegedly scouring social media and online message boards for evidence of … [+] fraud and stock manipulation. getty The Reddit/GameStop aftermath continues. Now, it’s been reported, investigators at the US Securities and Exchange Commission (SEC) are allegedly scouring posts on social media and online message boards for evidence of fraud and coordinated
Economic Security Planning, Inc. Today’s column addresses questions about how continuing income can potentially increase benefit rates, whether delaying the last six months before turning 70 would really be worth it and what happens to Social Security disability benefits approaching full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and the
SAN FRANCISCO, CA – FEB. 8: Minerva Pacheco (center) and her children Brian Martinez Pacheco, 7 … [+] (left) Daniel Martinez Pacheco, 8, (right), and daughter Iris Martinez Pacheco, 11, at their home. (Gabrielle Lurie/The San Francisco Chronicle via Getty Images) Hearst Newspapers via Getty Images The plan to expand the Child Tax Credit (CTC)
United States Flag Capitol State Building during Covid19 2020 novel coronavirus Pandemic, 3d virus … [+] medical model, Washington DC, USA getty In the latest episode of the long-running soap opera over the state and local tax deduction, the New Jersey delegation to the House framed removing the current deduction limit of $10,000 as COVID
President Biden is determined to provide a third round of COVID stimulus to the American people, and with Democrats in control of both the House of Representatives and the Senate, there are few fiscal or procedural impediments to doing just that. WASHINGTON, DC – FEBRUARY 09: Secretary of the Treasury, Janet Yellen looks on as
VAT remains at the forefront of the UK tax authority’s (HMRC’s) Making Tax Digital (MTD) plans, which aim to make HMRC a “world-leading, digital tax authority.” The next phase of MTD takes effect this year, for VAT return periods starting after April 1 2021. The changes have extensive application and will be relevant to most