Author: admin my_tax

IRS Recommends Direct Deposit for Fast and Flexible Tax Refunds

The Internal Revenue Service closed out the week by reminding taxpayers that receiving a tax refund by direct deposit is faster and more flexible than traditional paper checks, even for those who do not currently have a bank account.… Read more about IRS Recommends Direct Deposit for Fast and Flexible Tax Refunds (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020

A recently released notice allows employers who elected to defer certain employees’ taxes to withhold and pay those deferred taxes throughout 2021 – instead of just the first four months of the year.… Read more about Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Filing Season Set to Begin Feb. 12

The Internal Revenue Service has set Friday, Feb. 12, 2021, as the start of the nation’s tax season. That’s the day the agency will begin accepting and processing 2020 tax year returns.… Read more about Filing Season Set to Begin Feb. 12 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Today is the Deadline for Making a TY 2020 Fourth Quarter Estimated Tax Payment

The Internal Revenue Service is reminding taxpayers that today—January 15, 2021—is the deadline for making a tax year 2020 fourth quarter estimated tax payment. The goal of the press release is to prevent taxpayers who did not pay enough tax throughout 2020 from owing tax or a penalty during filing season.… Read more about Today is the Deadline for Making a TY 2020 Fourth Quarter Estimated Tax Payment (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…