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Venmo, Cash App And Other Payment Apps To Report Payments Of $600 Or More If you receive $600 or more payments in total for goods and services through a third-party payment network, such as Venmo, Cash App, or Zelle, these payments will now be reported to the IRS. The new rule results from the American Rescue Plan signed into law in March 2021 and will mainly impact bu

Debt Collectors Will Be Able to Contact You on Facebook, Instagram, and Twitter A new CFPB rule will give debt collectors agencies more ways to find you, including online. Consumer Reports shares advice on what to do if collectors come after you.

This is a good look for the IRS. If you made more money in 2019 than in 2020 you will be able to use last years AGI to maximize your Earned Income Credit. If this looks like I'm speaking a foreign language, give me a call.

What taxpayers need to know to claim the earned income tax credit | Internal Revenue Service Tax Tip 2021-06, January 25, 2021

Its Official

2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic | Internal Revenue Service IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.

Joe Biden's Tax Plans for the Next Few Years | Kiplinger With control of both the House and Senate in Democratic hands, Joe Biden will be able to get more of his tax agenda through Congress. Here's what could happen in the next four years.

10 Things Social Security Recipients Need to Know About Their Second Stimulus Check | Kiplinger It's a bit more difficult for Social Security recipients to learn the ins and outs of second-round stimulus checks, since there are a few special rules that only apply to them.

Do you qualify for the new PPP Loan. Here is what you need to know.

What we know about the new PPP loans for small businesses Small businesses struggling from the COVID-19 shutdowns are getting another round of financial relief.

You should have your W2 by this date according to the IRS. If you have not received it contact your HR department.

Tax Tip 2021-01: February 1 is the deadline for employers to issue and file wage statements Monday, February 1, 2021Form W-2Wage and Tax StatementForm W-3Transmittal of Wage and Tax StatementsForm 1099-MISCMiscellaneous IncomeForm 1099-NECNonemployee Compensationinstructions for these formsTimely filing helps prevent fraudE-fileEmployers should plan and prepare earlyorder paper Form W-2sFo...

Is your stimulus check taxable this time?

Is Your Stimulus Check Taxable? | Kiplinger You may be wondering if you have to pay taxes on your second stimulus check. The answer may surprise you.

It's time to file your taxes again. Here are a few credits you should be aware of.

Your 2021 Guide to Tax Credits | The Motley Fool Tax credits can be extremely valuable for U.S. taxpayers . Here's how to get the most out of yours in 2021.