As a means to fund the Biden administration’s ambitious infrastructure and social policy bill, one proposal is to require banks to report data to the IRS for accounts with total annual deposits or withdrawals worth more than $600
All tagged ARPA
Business Update - Weekly Digest (October 6, 2021)
The deadline to unenroll from advance Child Tax Credit payments before the October 15 deadline was October 4. Nontraditional families, divorced parents, or anyone with a complicated
Business Update - Weekly Digest (September 22, 2021)
Are you still waiting on a tax refund from the IRS? A backlog of returns, a workforce shortage, technology difficulties, and a higher rate of errors on returns mean that it may take the IRS up to 120 days to issue refunds. Although the IRS says it has processed all error-free returns received before April, pandemic-related challenges combined with the expanded child tax credit, missing information, and possible identity theft continue to delay refunds.