by Lisa Monk & Associates LLC | Mar 24, 2021 | Tax Tips and News
The sweeping American Rescue Plan Act of 2021 may have greenlit the third round of economic impact payments, but it also includes changes to several tax credits—many of which were designed to provide relief to struggling Americans whose finances took a hit during the...
by Lisa Monk & Associates LLC | Mar 24, 2021 | Tax Tips and News
As the old phrase goes, things are looking up. The Internal Revenue Service says more Economic Impact Payments (EIP3) are coming this week—a second round that will include paper checks and prepaid debit cards. Taxpayers getting direct deposits will see a deposit date...
by Lisa Monk & Associates LLC | Mar 23, 2021 | Tax Tips and News
The Internal Revenue Service says it’s pulling out all the stops to come to agreement with taxpayers who owe back taxes. Through its Office of Chief Counsel, the agency announced the significant expansion of its Settlement Days program and proclaimed March 2021 is now...
by Lisa Monk & Associates LLC | Mar 18, 2021 | Tax Tips and News
Much like last year, the 2021 filing season has been characterized by challenges. The season started later than usual, tax professionals and taxpayers continue to manage pandemic safety precautions, and guidance is pending for the retroactive tax law changes included...
by Lisa Monk & Associates LLC | Mar 18, 2021 | Tax Tips and News
There are a lot of things vying for our attention these days: the coronavirus, vaccine opportunities, new Economic Impact Payments, the new tax deadline—all worthy topics. But when it comes to taxes, recent changes to retirement plan rules also shouldn’t go unnoticed....
