Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
February 24, 2021
AICPA Says IRS Needs to Give Penalty Relief to Taxpayers Affected by Pandemic
Though the IRS has emphasized that taxpayers and tax professionals should assume that the deadline will remain, it has also been reported that the IRS will not commit to keeping an April 15 filing deadline if Congress approves another round of economic...
February 24, 2021
AICPA Comments on Adjustments Attributable to Conversions from S Corps to C Corps Under TCJA
The American Institute of CPAs (AICPA) submitted comments to the Internal Revenue Service (IRS) to address the need for guidance concerning adjustments attributable to conversions from S corporations to C corporations under section 481(d) of the TCJA...
February 22, 2021
IRS Extends Tax Deadline to June 15 for Texas Winter Storm Victims
The tax relief postpones various tax filing and payment deadlines that occurred starting on Feb. 11. As a result, affected individuals and businesses will have until June 15, 2021, to file returns and pay any taxes that were originally due during this ...
February 22, 2021
Supreme Court Releases Trump Tax Returns
The U.S. Supreme Court put a new New York grand jury on the brink of getting eight years of Donald Trump’s tax returns and other financial records, ending months of delay by rejecting his bid to keep the information private.
February 19, 2021
March 1 is Tax Deadline for Farmers and Fishermen
Americans with income from a farming or fishing business can avoid making any estimated tax payments by filing and paying their entire tax due on or before March 1, according to the IRS.
February 9, 2021
Congress: Next Stimulus Checks Likely to Go to Same Who Received Last Payment: $1,400
House Democrats are proposing to limit the next round of Covid-19 relief payments to households earning less than $200,000, after criticism that President Joe Biden’s $1.9 trillion stimulus package would benefit the rich.
February 3, 2021
The Retirement Saver’s Income Tax Credit for 2021
Are you or someone in your family—say, a child who recently graduated from college—embarking on a new career? It’s not too early to start saving for retirement. In fact, it’s generally recommended that you begin retirement planning once you’re ...
January 19, 2021
When Will You Get Your 2021 Income Tax Refund?
This chart shows an estimated date for when you may receive your refund: The Covid stimulus payments you received in 2020 (and the second check whether you received it in 2020 or 2021) will NOT decrease your tax refund.
January 18, 2021
Chart Shows Estimated 2021 Income Tax Refund Dates
This chart shows a projected timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and based on previous years. If your IRS income tax refund is delayed, ask your tax professional...
January 18, 2021
When to Expect 2021 Income Tax Refunds
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years- and depending on when they file their return.
January 17, 2021
Estimated Income Tax Refund Date Chart for 2021
The Covid / Coronavirus stimulus payments you received will NOT affect your tax refund. Here's a chart that shows estimated dates for income tax refunds in 2021. File early and use Direct Deposit to get it faster.
January 15, 2021
2021 IRS Income Tax Season To Start February 12, 2021
The Internal Revenue Service has announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.