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 [...]
An executive order issued by President Joe Biden on July 9, 2021 cracks down on hospital and health insurance consolidations and other actions it said decreases competition and drives up prices. The four areas of healthcare targeted are: prescription drugs, hospital consolidation, health insurance consolidations and hearing aids. Hospital consolidation has left many areas, especially rural communities, without good options [...]
These cryptocurrencies are the closes to dethrone Bitcoin in the future. Thousands of cryptocurrencies exist in the crypto market, but Bitcoin continues to remain the most trusted one. BTC has made many millionaires when it soared past US$65,000. Every day more and more investors are trading in Bitcoin, proving that it is not just a fad anymore. The prospect [...]
Interviews can be nerve-wracking, whether you’re sitting across from a hiring manager in an office or speaking to them on a video call from the comfort of your couch. But interviews are an important part of the hiring process: These conversations give you a chance to show off the skills in your resume and learn more [...]
As taxpayers get ready for the upcoming filing season, It’s important for them to know their correct filing status. A taxpayer’s filing status defines the type of tax return form they should use when filing their taxes. Filing status can affect the amount of tax they owe, and it may even determine if they have to file [...]