2020 Refund Schedule: How Long Do I Have to Wait Until I Get My Tax Refund?

The Treasury Department and the IRS have officially extended the federal income tax filing due date from April 15, 2020, to July 15, 2020. At this time, refunds are still being processed on schedule according to the United States Department of Treasury. The IRS started accepting returns on January 27th, 2020. Most refunds will be issued by the IRS in less …

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New Withholding Process Made Official

The Treasury Department and the Internal Revenue Service have issued their proposed regulations updating the federal income tax withholding rules, bringing them in line with the changes made by the Tax Cuts and Jobs Act. The regulations have been published in the Federal Register. In general, the regulations are designed to usher the revamped Form W-4, Employee’s Withholding Certificate, …

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Gig Economy Income Can Affect a Taxpayer’s Bottom Line

From Uber to AirBnB, Lyft to TaskRabbit, more Americans are getting involved in the gig economy. Whether their involvement is just a side hustle or the main event, taxpayers can find income earned in this way can affect their tax returns—and it’s not always in a positive way. The Internal Revenue Service says a little …

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Thousands of New Non-Profits Not Following Federal Law

An audit by the Treasury Inspector General for Tax Administration (TIGTA) has found that nearly 10,000 new tax-exempt organizations failed to follow federal law to notify the IRS of their formation. Penalties, the auditors conclude, may be reserved for all but the most egregious laggards. Why Was the Audit Done? On Dec. 18, 2015, the …

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10 Things About OSHA Small Businesses Must Know

The Occupational Safety and Health Administration (OSHA) is a government agency looking after health and safety standards for your small business. As a result, they can inspect you and hit you with citations. Recently the National Federation of Independent Business (NFIB) held a webinar called OSHA Essentials for Small Business. Elizabeth Milito Senior Executive Counsel, Legal Foundation, NFIB, …

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