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.
January 15, 2021
Next Coronavirus Stimulus: $1,400 Payments and $15 Billion in Grants to Small Business
President-elect Biden's new stimulus plan would send $1,400 stimulus payments to taxpayers who received the previous stimulus payments. Small businesses would see $15 billion in grants and $35 billion in low-interest loans.
January 8, 2021
PPP Re-Opens Jan. 11, 2021: IRS and Treasury Offer New Rules and Guidance
To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly ...
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January 7, 2021
IRS Issuing Millions of Coronavirus Stimulus Payments by Debit Card: Here’s What to Look For
Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.
January 6, 2021
Some Stimulus Payments Sent to Wrong Accounts
Are you still waiting to get your second economic stimulus payment from Uncle Sam? You may have to wait a little longer because of a glitch in the system for some users of tax refund loan services.
January 6, 2021
Paycheck Protection Program Expenses Now Deductible
The Treasury Department and the Internal Revenue Service have issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the ...
January 4, 2021
What to Do if You are Still Waiting on the Second Coronavirus Economic Stimulus Payment
The direct deposit payments may take several days to post to individual accounts. Some Americans may have seen the direct deposit payments as pending or as provisional payments in their accounts before the scheduled payment date of Jan. 4, 2021...
January 3, 2021
Printable IRS Form 1040 for Tax Year 2020
Printable tax form 1040, for tax year 2020. For use with income taxes filed by April 15, 2021.
January 1, 2021
Coronavirus Stimulus Round 2: $600 Payments Now in Process: Deposits Start Dec. 30
The second round of Coronavirus stimulus payments, $600 for most taxpayers, have started being processed, the U.S. Treasury Department has announced. People could receive them as early as Wednesday, Dec. 30, 2020.
December 28, 2020
What’s in the New Covid Relief Law?
Stimulus payments are just part of it. Also: more unemployment, PPP, EIDL loans, Employee Retention Credit, EIC, CTC, eviction moratorium, and more.
December 22, 2020
Congress Passes New Covid Stimulus Bill with $600 Payments to Most Americans
The legislation would provide direct payments of $600 to most Americans and their children. Those with incomes of more than $100,000 would be excluded, as would undocumented immigrants. The payments will go out as soon as next week.
December 1, 2020
When Will You Get Your 2021 Income Tax Refund?
Most Americans who are expecting an income tax refund receive it by direct deposit in as little as 2 weeks, although it can take longer during the peak of the filing season, which starts in late March. So it's a good idea to e-file your tax return as ...
November 25, 2020
IRS Reminds Taxpayers of Special $300 Charity Deduction without Itemizing
The CARES Act includes several temporary tax changes helping charities, including the special $300 deduction designed especially for people who choose to take the standard deduction, rather than itemizing their deductions.