Most times, businesses pay their employees for the work they do, and set aside a portion of those wages to in turn, pay Uncle Sam. But what if the business has to pay someone who isn’t technically an employee?… Read more about IRS Reminds Businesses About Nonemployee Compensation and Backup Withholding (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has rolled out a new online tool that’s built to help families register for monthly Advance Child Tax Credit payments.… Read more about New Online Tool Helps Low-Income Families Register for Advance CTC Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Millions of Americans paid taxes on their unemployment compensation before learning that an exclusion was introduced by legislation a month into filing season. So, the Internal Revenue Service is now sending some of those taxpayers a refund to satisfy the new law.… Read more about IRS Refunding Tax Paid on Unemployment Compensation (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Now that the income tax filing deadline has passed, it’s a good time to take a hard look at whether we have the right amount of taxes withheld from our paychecks.… Read more about IRS Says It’s a Good Time to Fine-Tune Withholding (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The deadline for filing income taxes came and went on May 17, but that’s no reason to think the filing door is completely shut.… Read more about IRS Encourages Taxpayers Who Missed the Deadline to File (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

With restaurants beginning to open more fully due to a break in the coronavirus pandemic, employees in the food and beverage industry are soon likely to have a lot more to report on their taxes: Tips.… Read more about IRS to Taxpayers: Don’t Forget to Report Tip Income (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…