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Treasury and IRS begin delivering second round of Economic Impact Payments to millions of Americans

WASHINGTON – Today, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who...

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  • December 30, 2020

Some taxpayers may need to make estimated tax payments

Some taxpayers earn income not subject to withholding. For small business owners and self-employed people this can mean making quarterly estimated tax payments. Anyone in this situation should check their withholding using the Tax Withholding Estimator on IRS.gov. If...

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  • September 10, 2020

IRS is sending letters to those experiencing a delay with advance payment of employer credits

WASHINGTON – The Internal Revenue Service has started sending letters to taxpayers who have experienced a delay in the processing of their Form 7200, Advance Payment of Employer Credits Due To COVID-19. A taxpayer will receive letter 6312 if...

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  • July 16, 2020

Taxpayers should file on time even if they can’t pay their full tax bill

Taxpayers should file their tax return by the deadline even if they cannot pay the full amount due. Otherwise, they may end up owing even more because penalties and interest can cause a taxpayer’s debt to grow. If a...

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  • July 14, 2020

IRS gives tips on filing, paying electronically and checking refunds online; 2019 tax returns and payments due July 15

WASHINGTON — The Internal Revenue Service today reminded taxpayers with a filing requirement to file an accurate tax return on time even if a balance due can’t be paid in full. The deadline to submit 2019 tax returns is...

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  • July 13, 2020

IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments

WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft. “We...

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  • April 3, 2020

Interest rates remain the same for the first quarter of 2020

WASHINGTON —The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2020.  The rates will be:   5% for overpayments [4% in the case of a corporation]; 2.5% for the...

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  • December 11, 2019

Divorce or separation may have an effect on taxes

Taxpayers should be aware of tax law changes related to alimony and separation payments. These payments are made after a divorce or separation. The Tax Cuts and Jobs Act changed the rules around them, which will affect certain taxpayers...

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  • July 18, 2019

Six Tips to Help You Pay Your Tax Bill this Summer

If you get a tax bill from the IRS, don’t ignore it. The longer you wait the more interest and penalties you will have to pay. Here are six tips to help you pay your tax debt and avoid...

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  • July 1, 2015