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ICYMI: Reminder for April 15 Deadlines – Estimated Tax Payments and FBAR Filings
Self-employed individuals, retirees, investors, businesses, corporations, and others who pay their taxes quarterly are reminded that the payment for the first quarter of 2021 is due Thursday, April

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Economic Impact Payment Sent to Pay Past Due Child Support
The courts have supported the use of the Economic Impact Payment to satisfy child support debt.

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Taxpayer Advocacy Panel; Apply by May 14 and Help Improve the IRS
Note from the Editor: Nina Tross, the Executive Director of NSTP, is a member of the Taxpayer Advocacy Panel and is happy to answer any questions you may have about submitting an applic

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Employee Retention Credit Guidance for First Two Quarters of 2021
The Internal Revenue Service has issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpay

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2020 Recovery Rebate Credit — Topic G: Correcting Issues After the 2020 Tax Return is Filed
Note from the Editor: The IRS has recently updated their FAQs regarding the Recovery Rebate Credit.

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Unemployment Tax Exclusion Expanded to More Taxpayers
The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but f

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Starting your own CPA Firm: Tips from 2 Success Stories
Heather Walker, Small Talk with Heather Walker, March 26, 2021

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Update Regarding Deceased Taxpayers
In 2020, after the CARES Act and the issuance of the first Economic Impact Payment, the then Secretary of the Treasury Mnuchin, instructed surviving taxpayers (spouses or heirs) to return any payme

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