The IRS has launched two new online tools to help taxpayers manage and monitor the advance monthly payments of the Child Tax Credit, which are scheduled to start being issued on July 15, 2021:
The American Rescue Act was signed into law last week and we wanted to inform all of you about some of the key provisions that may impact your taxes for 2021 and potentially for 2020.
Taxpayers should be on the lookout for these scams
All tax scams put taxpayers at risk. This is the first of two tips taking a closer look at the IRS Dirty Dozen tax scam list. This year, taxpayers should be especially, watchful for aggressive schemes related to COVID-19 relief, including Economic Impact Payments.