Tax Blog

The Internal Revenue Service is reminding some tax-exempt organizations that they face the same May 17 filing deadline as regular income tax filers.… Read more about CY Tax-Exempt Groups Need to File by May 17 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

As you might have experienced first-hand, those with unused funds from a 2020 dependent care assistance program (DCAP) could have questions about newly allowed carryovers and whether those funds are taxable.… Read more about Dependent Care Assistance Program Participants Get Helpful Guidance (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Most Americans think that when it comes to paying income tax, Social Security benefits are off-limits.… Read more about Some Could Owe Tax on Social Security Benefits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

If you live in the Southeast, long lines and questionable containers are a sad reality at many local gas stations. The temporary Colonial Pipeline disruption caused a rush on fuel this week, leading many in the region to hoard gasoline.… Read more about Penalty for Highway Use of Dyed Fuel Waived in Some States (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

With restaurants beginning to open more fully due to a break in the coronavirus pandemic, employees in the food and beverage industry are soon likely to have a lot more to report on their taxes: Tips.… Read more about IRS to Taxpayers: Don’t Forget to Report Tip Income (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The IRS has unveiled guidance that temporarily throws open the gates to recouping 100 percent of the expense for certain food and beverage purchases. The new rules for this business deduction went into effect on Jan.1 of this year.… Read more about Guidance Explains Temporary Increase in Food and Beverage Deduction (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…