IRS HIRING THOUSANDS TO CATCH UP

IRS hiring thousands to catch up. With the IRS behind on filing of paper tax returns from last year, they are adding nearly 11,000 additional workers to catch up the backlog of tax returns that have not been processed. The best guestimate is that by the fall of 2022 the backlog will be caught up […]

CHILD TAX CREDIT PAYMENTS AND YOUR 2021 TAXES

Child tax credit payments and your 2021 taxes. If you have received the advance Child Tax Credit payments from the IRS this year, along with millions of other Americans, you may be wondering how this might impact your 2021 tax return. Two tax code changes have happened since President Trump, then President Biden, took the […]

IRS PROVIDING REBATE CREDIT UPDATES

IRS providing rebate credit updates. The IRS is providing updates to the 2021 Recovery Rebate Credit. This is for people who missed getting one or more stimulus checks. The direct information can be obtained at the IRS website under FAQs FS-2022-12. Go to the IRS first to get there. The information you can get is […]

REPORT ON ABUSIVE CHARITY TAX ABUSE

Report on abusive charity tax abuse. The report was addressed to Senator Charles Grassley, Chair of the Senate Finance Committee, so it is no surprise that it leads with the syndication of conservation easements. The center of this particular tax scam is Rome, Georgia. People there are arguing that syndicated conservation easements are the subject […]

FINAL HRA RULES PERMIT INTEGRATION

Final HRA rules permit integration. The Department of the Treasury, Labor, and Health and Human Services jointly issued final regulations governing health reimbursement arrangements. The Final regulations allow integration of HRA’s with individual health insurance coverage, if certain conditions are satisfied. The rules also allow certain HRA’s to be recognized as excepted benefits. HRA’s are […]