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Taxlete Today
The People's Tax Blog: Important tax news and information carefully curated to serve the needs of the average person.
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As a reminder, MyTaxRights.org is not affiliated, associated, authorized, endorsed by, or in any way officially connected with any government entity. External links are provided solely for convenience and informational purposes only. Always check the official government source for the latest information and updates.
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Businesses should be aware of the Employee Retention Tax Credit
The Employee Retention Credit allows employers to receive up to 50% of the qualified wages paid to employees during the COVID-19 pandemic.
Jordan D. Howlette, J.D., M.B.A.
Sep 11, 20204 min read
Friendly reminder: Unemployment compensation is taxable
Reminder: Unemployment compensation is taxable. Recipients should ensure the proper amount of tax has been withheld or otherwise set aside.
MyTaxRights
Aug 19, 20202 min read
Reminder, taxpayers should resume tax debt payments by July 15th
Taxpayers should resume their regularly scheduled tax debt payments by July 15th to avoid default and/or penalties.
Lars Kroner
Jul 14, 20202 min read
Be sure to keep your Economic Impact Payment letter (Notice 1444)
Be sure to keep your Economic Impact Payment notice letter with your tax records.
Lars Kroner
Jun 23, 20201 min read
Individuals may request coronavirus-related withdrawals from IRAs without 10% tax penalty
Individuals may request coronavirus-related withdrawals from IRAs without 10% tax penalty.
MyTaxRights
Jun 12, 20202 min read
Employers can receive tax credits for granting paid leave to employees affected by COVID-19
Employers can receive tax credits for granting paid sick leave or paid family leave to employees affected by COVID-19.
Lars Kroner
May 29, 20202 min read
The Employee Retention Credit encourages businesses to keep employees on the payroll
The Employee Retention Credit encourages businesses to keep employees on their payroll. Click to learn more.
Lars Kroner
May 27, 20202 min read
IRS unveils new People First Initiative
Learn more about several of the IRS's relief measures aimed at assisting taxpayers affected by the COVID-19 pandemic.
Lars Kroner
May 20, 20205 min read
The IRS changes how it handles audits and exams in response to the COVID-19 pandemic
The IRS has temporarily changed its handling of audits and exams in response to the COVID-19 pandemic. Here is what you need to know.
Lars Kroner
May 18, 20202 min read
Why your 2020 stimulus payment amount may be different than expected
Learn about common scenarios that may explain why the amount of your stimulus payment was different than you expected.
Lars Kroner
May 15, 20205 min read
Taxpayers need to be on the lookout for scams related to COVID-19
Taxpayers should be on the lookout for IRS impersonation calls and email phishing attempts about the COVID-19 Economic impact Payments.
Lars Kroner
May 14, 20202 min read
Taxpayers can suspend payments under an IRS Installment Agreement through July 15th
Taxpayers have the option to suspend IRS installment agreement payments through July 15th.
MyTaxRights
May 13, 20202 min read
Paycheck Protection Program Info & FAQs: A Must Read for Every Small Business Owner
Find answers to frequently asked questions about the Paycheck Protection Program. A must read for every small business owner.
MyTaxRights
May 11, 20208 min read
IRS urges taxpayers to act by Wednesday, May 13th, to speed up receipt of Economic Impact Payment
The IRS urges taxpayers to act by 12:00 p.m. EST on Wednesday, May 13th, to speed up receipt of their Economic Impact Payment.
MyTaxRights
May 9, 20202 min read
Answers to common questions about the Economic Impact Payments (Stimulus Checks)
Economic Impact Payment Questions? Here are the IRS's answers to some of the most common questions.
MyTaxRights
May 6, 20203 min read
IRS tools that help individuals receive their Economic Impact Payment (Stimulus Check)
The IRS has two tools to help millions of taxpayers with their Economic Impact Payment.
MyTaxRights
May 6, 20202 min read
Low-income individuals are eligible to receive an Economic Impact Payment (Stimulus Check)
Individuals who do not have a regular filing requirement can use the IRS's free online tool to easily register to receive their payment.
MyTaxRights
May 6, 20202 min read
Taxpayers now have until July 15th to file and pay their federal taxes
As a result of the COVID-19 crisis, the IRS extended the federal income tax filing deadline to July 15th.
MyTaxRights
May 6, 20202 min read
IRS issues warning about Coronavirus-related scams
The Internal Revenue Service urges taxpayers to be on the lookout for a surge of calls and email phishing attempts about the COVID-19.
MyTaxRights
May 6, 20202 min read
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