The IRS has begun mailing out CP14 notices to millions of taxpayers who have a balance of $5 or more in unpaid taxes, kindly reminding them that the federal government would like its money. “The IRS in not too active collecting immediately after tax season. After all, they have a lot to do. But come [...]
As work and work life continue to evolve, companies are exploring whether a shorter week can solve some of the workforce's biggest challenges. hai and Naomi Aharony, managing directors of London-based digital PR agency Reboot, have embraced a new normal – in March, they moved their company to a four-day work week. The pair were [...]
As we redesign work for the hybrid future, it is vital to understand the ways that information flows and networks form within organizations. Our collective experience in the pandemic created a once-in-a-lifetime opportunity to rethink what we want from work and our working lives. We had a chance to question many fundamental assumptions, adopt new [...]
As some workers start returning to the office, an employment lawyer says companies should review their approach to career development for those continuing to work from home to avoid the risk of constructive dismissal claims. Sunira Chaudhri, employment lawyer and founder of Workly Law, said that remote work has implications for employment agreements that set [...]
The new pilot program will benefit the IRS through more efficient access to digitized records and related metadata and improve security and data privacy. Ripcord, a robotic intelligent digitization company, has advanced to the second phase of the new Pilot IRS Solution Challenge. In collaboration with the Enterprise Digitalization and Case Management Office (EDCMO), the [...]
Lawmakers are asking the Internal Revenue Service to expedite the processing of Employee Retention Tax Credits and not to penalize small businesses for incorrectly paying their estimated quarterly taxes as they await their claims. During a hearing Thursday before the House Ways and Means Oversight Subcommittee, Rep. Carol Miller, D-West Virginia, asked IRS Commissioner Charles [...]
If you receive an email or text message from the IRS about a stimulus check or unemployment claim, watch out — it’s most likely a scam, the agency says. As tax season heats up, so do fraud attempts. This year, that includes potential scams related to many Covid-19 relief measures, including stimulus checks and unemployment [...]
A study conducted by the American Psychological Association in 2021 shows 61% of Americans cite “money” as a “very/somewhat significant” cause of stress. This was the leading cause of stress (unless you were employed, in which case “work” was the top source of stress). You can’t blame Covid alone for this. An anxiety and stress report produced by [...]
Taxpayers with dependents who don't qualify for the child tax credit may be able to claim the credit for other dependents. This is a non-refundable credit. It can reduce or, in some cases, eliminate a tax bill but, the IRS cannot refund the taxpayer any portion of the credit that may be left over. Here’s [...]
The Internal Revenue Service announced that the nation's tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January 24 start date for individual tax return filers allows the IRS time to perform programming and testing that is critical to ensuring IRS [...]