Taxgirl · Tax news, tax info, and tax policy https://www.taxgirl.com Because paying taxes is painful… but reading about them shouldn’t be. Thu, 19 Nov 2020 18:37:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.4 https://www.taxgirl.com/wp-content/uploads/2020/01/cropped-taxgirl_logo-copy-150x150.png Taxgirl · Tax news, tax info, and tax policy https://www.taxgirl.com 32 32 2020 Stimulus Check Deadline Coming Soon https://www.taxgirl.com/2020/11/19/2020-stimulus-check-deadline-coming-soon/?utm_source=rss&utm_medium=rss&utm_campaign=2020-stimulus-check-deadline-coming-soon https://www.taxgirl.com/2020/11/19/2020-stimulus-check-deadline-coming-soon/#respond Thu, 19 Nov 2020 18:05:18 +0000 https://www.taxgirl.com/?p=54205 Chances are, you’ve already received your stimulus check this year. But if you haven’t, and you qualify for one, you need to act fast if you want to receive it in 2020: the deadline is 3 p.m. EST this Saturday, November 21, 2020, to register. If you are a non-filer and you have not received [...]

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As Frustrations With IRS Grow, Tax Pros Reach Out To Congress https://www.taxgirl.com/2020/11/18/as-frustrations-with-irs-grow-tax-pros-reach-out-to-congress/?utm_source=rss&utm_medium=rss&utm_campaign=as-frustrations-with-irs-grow-tax-pros-reach-out-to-congress https://www.taxgirl.com/2020/11/18/as-frustrations-with-irs-grow-tax-pros-reach-out-to-congress/#respond Wed, 18 Nov 2020 21:39:40 +0000 https://www.taxgirl.com/?p=54189 #TaxTwitter has been abuzz about a flurry of notices of intent to levy (CP504) sent to taxpayers this week. The notices appear to have been sent out without regard for individual taxpayers circumstances with tax practitioners reporting receipt by taxpayers previously marked as CNC (currently not collectible), taxpayers with pending offers, and taxpayers who have [...]

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How Low Income Taxpayer Clinics (LITCs) Can Help With Tax Disputes https://www.taxgirl.com/2020/11/17/tax-dispute-law-assistance-through-the-litc/?utm_source=rss&utm_medium=rss&utm_campaign=tax-dispute-law-assistance-through-the-litc https://www.taxgirl.com/2020/11/17/tax-dispute-law-assistance-through-the-litc/#respond Tue, 17 Nov 2020 12:00:00 +0000 https://www.taxgirl.com/?p=54106 All taxpayers deserve quality taxpayer support and representation. However, this can be a costly avenue to achieve. Many taxpayers who stumble upon a tax dispute are unaware of the assistance out there. In this week’s podcast, Kelly talks about options for taxpayer help. The LITC, also known as Low Income Taxpayer Clinics, are independent organizations [...]

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What’s Next For Recipients Of The Paycheck Protection Program https://www.taxgirl.com/2020/11/09/what-is-next-for-recipients-of-the-paycheck-protection-plan/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-next-for-recipients-of-the-paycheck-protection-plan https://www.taxgirl.com/2020/11/09/what-is-next-for-recipients-of-the-paycheck-protection-plan/#comments Mon, 09 Nov 2020 12:00:00 +0000 https://www.taxgirl.com/?p=54151 To keep the economy afloat, Congress introduced the Paycheck Protection Program, also known as PPP. The Paycheck Protection Program consists of potentially forgivable loans to keep employees on payroll. The long-term purpose is to help the overall economy. Several issues and questions about PPP are still up in the air for both taxpayers and business [...]

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The Basics of Bankruptcy https://www.taxgirl.com/2020/11/02/the-unpublished-truths-and-basics-of-bankruptcy/?utm_source=rss&utm_medium=rss&utm_campaign=the-unpublished-truths-and-basics-of-bankruptcy https://www.taxgirl.com/2020/11/02/the-unpublished-truths-and-basics-of-bankruptcy/#respond Mon, 02 Nov 2020 12:00:00 +0000 https://www.taxgirl.com/?p=54039 What is bankruptcy exactly? Kelly helps to break down and define bankruptcy by, a legal process for obtaining debt relief for those unable to repay obligations. A lot of bankruptcy problems relate to corporations, but most cases are actually by individuals. Majority of bankruptcy cases are related to medical injuries or expenses. Other reasons for [...]

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The Stock Market Is Not The Economy: A Quick And Dirty Explanation https://www.taxgirl.com/2020/10/29/the-stock-market-is-not-the-economy-a-quick-and-dirty-explanation/?utm_source=rss&utm_medium=rss&utm_campaign=the-stock-market-is-not-the-economy-a-quick-and-dirty-explanation https://www.taxgirl.com/2020/10/29/the-stock-market-is-not-the-economy-a-quick-and-dirty-explanation/#respond Thu, 29 Oct 2020 13:53:46 +0000 https://www.taxgirl.com/?p=54137 I often say that the stock market is not the economy. That’s been especially apparent in 2020 as indicators like unemployment rates, consumer confidence, and durable goods orders have painted a grim picture of the economy even as the stock market has continued to climb. That doesn’t feel like it makes sense. So, folks have [...]

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Understanding Shifting Sales Tax Laws https://www.taxgirl.com/2020/10/26/understanding-the-shifting-tax-laws/?utm_source=rss&utm_medium=rss&utm_campaign=understanding-the-shifting-tax-laws https://www.taxgirl.com/2020/10/26/understanding-the-shifting-tax-laws/#respond Mon, 26 Oct 2020 11:00:00 +0000 https://www.taxgirl.com/?p=54007 Since the pandemic, there has been a lot of uncertainty about the economy, especially for taxpayers and business owners. Unfortunately, there have been a lot of business closures, concerns about tax compliance, increase of prices. However, the pandemic has also granted states an opportunity to recover lost tax dollars. As a result, there has been [...]

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Renew Your PTIN Now For 2021 https://www.taxgirl.com/2020/10/22/renew-your-ptin-now-for-2021/?utm_source=rss&utm_medium=rss&utm_campaign=renew-your-ptin-now-for-2021 https://www.taxgirl.com/2020/10/22/renew-your-ptin-now-for-2021/#comments Thu, 22 Oct 2020 21:20:07 +0000 https://www.taxgirl.com/?p=54119 It feels like the last tax season just ended (okay, it kind of did), but the Internal Revenue Service (IRS) is already sending out reminders for tax professionals to start the upcoming 2021 filing season. Specifically, the IRS is reminding paid preparers to renew their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire [...]

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Got A Sec? Take The Taxgirl Podcast Poll https://www.taxgirl.com/2020/10/20/got-a-sec-take-the-taxgirl-podcast-poll/?utm_source=rss&utm_medium=rss&utm_campaign=got-a-sec-take-the-taxgirl-podcast-poll https://www.taxgirl.com/2020/10/20/got-a-sec-take-the-taxgirl-podcast-poll/#comments Tue, 20 Oct 2020 17:07:51 +0000 https://www.taxgirl.com/?p=54112 I’m looking for your quick feedback…

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Bookkeeping Is More Than Just Numbers: Understanding Why It Matters https://www.taxgirl.com/2020/10/19/bracing-your-businesss-bookkeeping/?utm_source=rss&utm_medium=rss&utm_campaign=bracing-your-businesss-bookkeeping https://www.taxgirl.com/2020/10/19/bracing-your-businesss-bookkeeping/#respond Mon, 19 Oct 2020 11:00:00 +0000 https://www.taxgirl.com/?p=53908 Bookkeeping is an important factor of properly running a business. Many people tend to think that bookkeeping and accounting are one and the same. However, they can be very different. Bookkeeping is the recording of all financial transactions within a business. Kelly invites Nicole Davis to cover everything you need to know on how to [...]

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