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Biden plan would give IRS authority to regulate tax preparers

Biden plan would give IRS authority to regulate tax preparers
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IRS sees delays in tax refunds and quarterly payments

IRS sees delays in tax refunds and quarterly payments
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IRS sees delays in tax refunds and quarterly payments

IRS sees delays in tax refunds and quarterly payments
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

United States , Andrew Harrer Bloomberg , Zollars Lynch , Nina Olson , Ed Zollars , Revenue Service , National Taxpayer , National Taxpayer Advocate Erin Collins , American Institute , National Conference , Brookings Tax Policy Center , Internal Revenue Service , Consolidated Appropriations Act , American Rescue Plan Act , Economic Impact Payments , Earned Income Tax Credit , Additional Child Tax Credit , Recovery Rebate , Recovery Rebate Credit , Resolution System , Economic Impact , Tax Professionals , Federal Tax Developments , Kaplan Financial , Child Tax Credit , Taxpayer Rights ,

IRS offers option when PPP loan forgiveness is denied

Businesses who didn’t receive forgiveness on their Paycheck Protection Programs can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package. ....

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Will Tax Refunds Be Late in 2021?

What s True
The IRS is opening tax filing season more than two weeks later than in 2020 due to tax law changes resulting from COVID-19 relief legislation, meaning those who typically file early will get tax refunds later than normal.
What s False
However, the IRS anticipates that nine out of 10 taxpayers will receive their refund within 21 days of when they file electronically with direct deposit if there are no issues with their tax return.
What s Undetermined
It s unclear how many taxpayers who file 2020 tax returns by the April 15 deadline will experience delays.
Origin
On Jan. 6, 2021, the IRS announced that it would begin tax season on Feb. 12 later than the usual end-of-January start citing a change in tax law that came with a federal COVID-19 relief package passed in late 2020: ....

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