taxes

Business Management – 3 Financial Traps and Pitfalls to Avoid

December 17, 2020

Business

Navigating the world of business can come with several financial traps and pitfalls that experienced entrepreneurs should know how to avoid. Nevertheless, there is always a chance that you could encounter one. Here are some of the financial traps you should avoid for the most success in your business.

IRS Criminal Investigation identifies $2.3 bln in tax fraud

The FINANCIAL — The Internal Revenue Service released the Criminal Investigation Division’s annual report PDF,

by The FINANCIAL

November 17, 2020

2 mins read

National EIP Registration Day: Community partners can help people sign up for Economic Impact Payment

The FINANCIAL — The Internal Revenue Service urged anyone who doesn’t normally

by The FINANCIAL

November 10, 2020

2 mins read

IRS urges students to register so they can receive $1,200 Economic Impact Payment

The FINANCIAL — The Internal Revenue Service (IRS) today urged any eligible self-supporting

by The FINANCIAL

November 6, 2020

2 mins read

America

IRS and tax industry warn taxpayers of a new coronavirus-related scam

The FINANCIAL — The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment.

by The FINANCIAL

November 5, 2020

1 min read

Finance

Internal Revenue Service announced changes to help struggling taxpayers

The FINANCIAL — The Internal Revenue Service announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief

by The FINANCIAL

November 3, 2020

3 mins read

Finance

IRS released tax inflation adjustments for 2021

The FINANCIAL — The Internal Revenue Service announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 PDF provides details about these annual adjustments. Highlights of changes in Revenue

by The FINANCIAL

October 27, 2020

2 mins read

Business

International community addresses tax challenges that occur from digitalisation of the economy

The FINANCIAL — The international community has made substantial progress towards reaching a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and agreed to keep working towards an agreement by mid-2021, according to a Statement released today. The OECD/G20 Inclusive

by The FINANCIAL

October 12, 2020

2 mins read