IRS Fix Finally Complete for 2020 Taxpayers Who Claimed Unemployment
The IRS has finished automatically correcting 2020 tax returns affected by the unemployment compensation exclusion. Here’s what taxpayers should know.
-
-
Accidental Americans: COVID’s Impact on the Substantial Presence Test
With COVID creating travel restrictions, many people have been stranded away from home. Beyond the career and family implications of being away from home, you may also face significant tax complications. If you’re stuck in the United States, you could be considered a tax resident and have filing requirements you don’t even realize. You could…
-
How The Pandemic Has Impacted Job Growth In The Tax & Accounting Fields
One of the biggest fears right now for students and recent grads is being able to find a decent job. Job opportunities drastically vary based on the economy. The projected job outlook for 2018-2028 was expected to be a relatively healthy 6%. However, now the numbers are expected to be altered even more due to…
-
Senate Funding Is About More Than COVID-19
One of the drumbeats of the current Congress is the need to be more fiscally responsible. That makes sense. Our current national debt is $26,536,793,171,015 – and growing. The federal deficit – so far for 2020 – is $2.744 trillion. That’s following a Congressional Budget Office (CBO) report showing a deficit of $864 billion in June, more…
-
IRS Asks Employees To Come Back To Work
(Updated: April 27, 2020) Stay-at-home orders may remain in effect in some states, but the federal government is sending some folks back to work. Specifically, the Internal Revenue Service (IRS) is bringing employees back to work starting on Monday. The agency has mostly been in shut down mode since March 24, 2020, when employees confirmed that some…
