The service intends to take steps to automatically refund money starting in May and continuing through the summer.
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Best of the Week
April 3, 2021
Upcoming Events April 3, 2021
IRS plans to issue unemployment refunds in May
By Michael Cohn      3 min read
The service intends to take steps to automatically refund money starting in May and continuing through the summer.
Read More
 
IRS extends more tax deadlines until May 17
By Michael Cohn     5 min read
The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.
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IRS to distribute stimulus payments to Social Security recipients this week
By Michael Cohn     3 min read
The Internal Revenue Service plans to begin issuing Economic Impact Payments to Social Security recipients and other federal beneficiaries this weekend after weeks of delay.
Read More
Top 5 tax strategies for real estate owners
By David Fabian
With the passage of so much tax legislation over the past several years, there is tremendous opportunity for savings and planning.
Read More
 
Democrats take aim at step up in basis
By Laura Davison     2 min read
A group of senators has drafted legislation that would eliminate the long-standing tax break.
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Intuit updates QBO Accountant
By Ranica Arrowsmith     2 min read
The company is also recruiting for its Accountant Council.
Read More
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The SALT outlook for 2021
By Roger Russell
10 major developments, from the pandemic and Wayfair to sin taxes, that are all likely to play major roles.
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IRS offers guidance to students, schools on tax-free COVID grants
By Michael Cohn     2 min read
The service released a FAQ to explain how students and universities should report emergency financial aid grants related to the pandemic.
Read More
Biden pitches $2.25T infrastructure and tax plan
By Jennifer Epstein     4 min read
The infrastructure plan sets the stage for a drawn-out battle over his second big economic program.
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Biden plans effort to reverse decades of disparity
By Christopher Condon and Payne Lubbers     4 min read
More than a half century after Lyndon Johnson’s war on poverty, the new administration plans a mass expansion of government spending and a revamp of the Tax Code.
Read More
 
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