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IRS to Begin Issuing Final Notices of Intent to Levy June 15

Beginning June 15, IRS will begin issuing Final Notices of Intent to Levy. Enforcement action, including levies on wages and bank accounts, will begin 45 days after issuance for taxpayers with unresolved accounts. Resolving tax debt early can help alleviate burdens. ....

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More Stimulus Checks To Arrive In July: Here's When All Child Tax Credit Payments Will Come

The IRS has begun sending out letters to more than 36 million families who may qualify for the monthly payments ....

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Millions of New Stimulus Checks Are on Their Way, Says IRS. How Will You Know If You Are One of the Recipients?

The IRS announces that more than 2.3 million new stimulus checks were distributed, totaling to $4.2 billion payments to eligible Americans. ....

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IRS on Involuntary Employment Termination & the ARP COBRA Premium Subsidy

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A Word from the IRS on Involuntary Terminations of Employment for Purposes of the ARP COBRA Premium Subsidy
Wednesday, June 9, 2021
One important question that arises when determining whether an individual is eligible for the COBRA premium subsidy under the American Rescue Plan Act of 2021 (“ARP”) is whether the employee has experienced an
involuntary termination of employment. (See our prior blogs on the ARP subsidy, here.) The IRS’s recent Notice 2021-31 (the “Notice”) provides helpful guidance on this issue.
What is an
One of the key interpretive questions under ARP is “what is an
involuntary termination of employment”? Given the various factual circumstances that could arise, it is not surprising that this is one of the most frequently asked questions. The Notice helps define an involuntary termination of employment, and in many respects follows previous IRS guidance relating to the 2009 federal CO ....

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Billionaire Tax Leaks: DOJ Atty. Gen. Merrick Garland to Find Leaker of Controversial ProPublica IRS Tax Payments

09 June 2021, 10:06 pm
Billionaire tax leaks were the recent controversies that massive personalities that the US Department of Justice and Attorney General Merrick Garland are now investigating. This includes the likes of Elon Musk and Jeff Bezos that have been exposed for paying little tax to the IRS despite massive fortunes.
(Photo : Susan Walsh-Pool/Getty Images)
WASHINGTON, DC - JUNE 09: Attorney General Merrick Garland testifies during a Senate Appropriations Subcommittee hearing June 9, 2021 on Capitol Hill in Washington, D.C. The committee heard testimony about the proposed DOJ 2022 budget and the need to increase funding for cybersecurity
Garland says that he will get to the bottom of this issue and controversy, and finding the one that leaked the IRS files to ProPublica, which has published the controversial documents online. ....

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