(Update: A version of the bill passed the Senate on 3/25/2020, and is expected to pass the House.) Last week, the Senate introduced what I described as
Read MoreMonth: March 2020
Don’t Count On The Home Office Deduction In 2020
Chances are that you’re reading this from home. With social distancing encouraged due to the COVID-19 pandemic – and in states like mine, actually mandatory – many
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IRS Begins Closing Offices Due To COVID-19
(Updated: March 25, 2020) The Internal Revenue Service (IRS) isn’t shutting down completely – but it’s getting close. Some IRS call centers and return processing
Read MoreAsk The Taxgirl: Gift Tax Returns & Coronavirus
Taxpayer asks: Any idea whether the filing extension applies to gift tax returns? Taxgirl says: AUTHOR’S NOTE: There is (finally) official word from the Internal
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How To Help During The COVID-19 Pandemic: Where, What & How To Donate
(Note: Updated March 24, 2020) If you’re like me, you’re self-quarantining – perhaps with your family – in your home in response to COVID-19. It’s
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IRS Issues Guidance On New Tax Filing And Payment Deadlines
As the numbers of confirmed cases of COVID-19 continue to increase in the United States, the federal government is taking action to reduce the impact
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Treasury Officially Extends Tax Filing & Payment Deadlines To July 15, 2020
Treasury Secretary Steve Mnuchin announced this morning, via Twitter, that the tax filing deadline has been extended to July 15, 2020: Earlier this week, the Treasury
Read MoreSenate Bill Includes Tax Relief & Help For Small Businesses In Response To COVID-19
The Senate has introduced a massive bill intended to provide direct economic relief in response to the COVID-19 pandemic. COVID-19 is the official name for
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Ask The Taxgirl: Canceling Automatic/EFTPS Payments Because Of The New Tax Deadline
Taxpayer asks: What if I already filed my 1040 and scheduled an EFTPS automatic payment on April 15? Is there a way to cancel that
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Ask The Taxgirl: Estimated Payments During Coronavirus
Taxpayer asks: Is the 1st 2020 quarterly still due on April 15? This means selling securities in a down market to cover that. What’s official? What’s
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