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January 27, 2023 • 2 min read
Highlights of SECURE Act 2.0 for Individuals

SECURE Act 20 is finally here. The long-awaited upgrade to the initial legislation known as the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019, was signed into law on December 29, 2022. SECURE Act 2.0 includes numerous significant provisions affecting individual ...

January 25, 2023 • 2 min read
Highlights of the SECURE Act 2.0 for Businesses

The new SECURE Act 2.0, enacted late last year as part of a spending measure, features several notable provisions affecting individuals saving for retirement. But the new law will also have a significant impact on employers providing qualified retirement plans to employees. Following are several ...

December 22, 2022 • 6 min read
IRS Tax Refund Chart for 2023: “When Will I Get My Tax Refund?”

This chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. https://www.cpapracticeadvisor.com/2022/12/22/irs-tax-refund-chart-for-2023-when-will-i-get-my-refund/75185/ It’s still ...

May 13, 2021 • 4 min read
Still waiting for your tax refund?

The IRS is struggling to hire, which means a massive backlog of tax returns and refunds, government watchdog says As the May 17 filing deadline nears, the agency is dealing with broken printers and copiers along with staffing shortages — which might be why you haven’t received your refund Still ...

February 02, 2021 • 8 min read
Here's how you can claim or report missing stimulus to the IRS

You're still waiting for your first or second stimulus check? How to track your money, file for a missing payment or contact the IRS. You have plenty of company if you're still waiting for your second stimulus check to arrive. At least 8 million other people who qualified for the second payment ...

January 28, 2021 • 3 min read
All Taxpayers Now Eligible for Identity Protection PINs

The Internal Revenue Service is expanding just who is eligible for an Identity Protection PIN. In fact, the IRS has thrown open the gates and now says any taxpayer who can verify their identity can now get an IP PIN. The IP PIN is a six-digit code that is known only to the taxpayer and the IRS. It ...

January 26, 2021 • 4 min read
Many people may not get promised stimulus payments in hand if they owe back taxes

The promise that the IRS won’t offset economic impact payments may run into a snag when tax season opens Feb. 12 Alabama couple Cheryl and Kevin Barton were counting on the second stimulus payment of $1,800 to catch up on some bills and help take care of their 16-year-old daughter. The family has ...

January 19, 2021 • 4 min read
The IRS has delayed the start date for filing federal income-tax

Here's what you need to know: January marks the traditional start of the season for filing income-tax returns. But like many things, that is delayed this year and there's some doubt as to whether all parties, including the Internal Revenue Service, will fully be ready when it does start. The IRS ...

January 11, 2021 • 3 min read
IRS Issuing Millions of Covid-19 Stimulus Payments by Debit Card

Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card. Here's what to look for: Starting this week, the Treasury Department and the Internal Revenue Service are sending ...

December 21, 2020 • 5 min read
Here’s what’s in the new $900 billion stimulus package

Jobless benefits, aid to small businesses, stimulus checks and money for vaccine distribution are in. Aid for local governments and corporate liability shields are out. By Rachel Siegel, Jeff Stein and Mike DeBonis Dec. 20, 2020 at 9:28 p.m. CST Congressional leaders brokered a deal on an ...