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IRS launches paperless processing initiative

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Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing seasonIRS paperless processing initiative will eliminate up to 200 million pieces of paper annually, cutprocessing times in half, and expedite refunds by several weeksThe IRS receives about 76 million paper tax returns and forms, and 125…

Tax refunds and stimulus checks delayed by identity fraud crossfire

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Tax refunds and stimulus checks delayed by identity fraud crossfire KEY POINTS The IRS flagged 5.2 million tax refunds for fraud last year, a nearly 50% increase over 2019, according to the Taxpayer Advocate Service. Of those, about 1.9 million were tagged for identity screening. In 2019, 63% of the…

F.A.Q. on Stimulus, Unemployment and Tax Rebates

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F.A.Q. on Stimulus, Unemployment and Tax Rebates The Senate passed its version of the $1.9 trillion American Rescue Plan on Saturday. Thepandemic relief bill now goes back to the House of Representatives, which must approve theSenate’s changes before it can go to President Biden’s desk. We will continue to update…

Capital gains tax bill heads to House after passing Washington Senate

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Capital gains tax bill heads to House after passing Washington Senate OLYMPIA – The state Senate passed a capital gains tax Saturday night, the only time since itwas first floated six years ago that the controversial proposal has been up for a vote in theSenate. After a more than four-hour…

IRS launches paperless processing initiative

Tax refunds and stimulus checks delayed by identity fraud crossfire

F.A.Q. on Stimulus, Unemployment and Tax Rebates

Capital gains tax bill heads to House after passing Washington Senate

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IRS launches paperless processing initiative