Custody and the Advance Child Tax Credit

Custody and the Advance Child Tax Credit

Millions of families have been receiving monthly advance payments of the Child Tax Credit. Provided by the American Rescue Plan that was passed earlier this year, these payments have been going to eligible households since July.… Read more about Custody and the Advance Child Tax Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Issues FBAR Reminder

IRS Issues FBAR Reminder

Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings.… Read more about IRS Issues FBAR Reminder (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Spotlights Credit for Other Dependents

IRS Spotlights Credit for Other Dependents

Much has been made recently of the Child Tax Credit. And what’s not to like? This refundable credit could be worth thousands of dollars in refund and recent legislation allows advance payments to qualified taxpayers.… Read more about IRS Spotlights Credit for Other Dependents (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

New User Fee for Estate Tax Closing Letters

New User Fee for Estate Tax Closing Letters

The Internal Revenue Service is instituting a user fee for estates seeking an estate tax closing letter. At the same time, however, the agency is reminding estates there’s another path that avoids the fee altogether.… Read more about New User Fee for Estate Tax Closing Letters (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…