While the third round of Economic Impact Payments continue to be made automatically to most people, the IRS can’t issue a payment to eligible Americans when information about them isn’t available in the tax agency’s systems. Economic Impact Payments, also known as stimulus payments, are different from most other tax benefits. People don't need a…
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Tips for troubleshooting common after-tax-day issues
While the deadline to file and pay federal income taxes has passed for most people, some taxpayers may still be dealing with tax-related issues.Here are some tips for taxpayers handling some of the most common after-tax-day issues.Check refund statusTaxpayers can check on their refund using the Where's My Refund? tool. It is available on IRS.gov…
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2021 IRS Virtual Nationwide Tax Forum begins in July
Tax pros may earn continuing education credits and more IRS YouTube Video: 2021 IRS Tax Forum Will Be Virtual – English IR-2021-118, May 24, 2021 WASHINGTON — The Internal Revenue Service today announced that the 2021 Virtual IRS Nationwide Tax Forum will be held over five weeks starting July 20, with a series of live-streamed…
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IRS suspends requirement to repay excess advance payments of the 2020 premium tax credit
The premium tax credit helps pay for health insurance coverage bought from the Health Insurance Marketplace. Eligible people can choose to have all, some, or none of the estimated credit paid in advance directly to their insurance company on their behalf. These payments – which are called advance payments of the premium tax credit, advance…
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