Major Changes Come to Kiddie Tax

Major Changes Come to Kiddie Tax

The SECURE Act’s fix to the TCJA glitch — that’s how Forbes describes what’s been going on with the football that is called the Kiddie Tax. When the Tax Cuts and Jobs Act changed the way the Kiddie Tax was figured, it caused a lot of concern for...
Congress Hammers Out First Draft of Aid Package

Congress Hammers Out First Draft of Aid Package

Congress has been furiously debating the provisions of a relief package: what to provide, to whom and how much. Although the lawyers are still getting the details down on paper, the main provisions are clear. We’ll be revisiting this topic in the coming days as...
IRS: Tax Return Status

IRS: Tax Return Status

Are you still waiting for your federal income tax return refund? You’re not alone. According to a Dec. 1 notice from the IRS: “While, as of November 24, 2020, we had 7.1 million unprocessed individual tax returns and 2.3 million unprocessed business...
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