IRS Press Release Archives
Unemployment Benefits Are Taxable and May Affect ACA Tax Credit
Due to the economic impacts of the COVID-19 (coronavirus) pandemic, many individuals may have had to file for Unemployment Insurance (UI) benefits for the first time. For many, these benefits included federal Pandemic Unemployment Assistance …
Tax Tip: Perform a Year-End Tax Records Check Up to Stay on Track
Consistent record keeping throughout the year is the key to a stress-free tax season. A quick checkup now, to make sure you are properly assembling and storing all the documents you need, can prevent hours …
Upcoming Tax Deadlines
Employees Who Work for Tips – If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.
Corporations – Deposit the fourth installment of estimated income tax …