Tax & Current Accounting Topics

Most taxpayers who requested an extension to file their 2021 tax return must file by Oct. 15 COVID Tax Tip 

https://www.irs.gov/newsroom/most-tax... 

https://accountinginstruction.info/

October 15 is the filing extension deadline. Most taxpayers who requested an extension of time to file their 2020 tax return must file tomorrow to avoid the penalty for filing late.

IRS Tax Tip 2021 IRS Nationwide Tax Forum seminars now available online 

https://www.irs.gov/newsroom/2021-irs...

 https://accountinginstruction.info/

Eighteen new seminars from the 2021 IRS Nationwide Tax Forum are now available on IRS Nationwide Tax Forums Online.

Non-traditional families may qualify for advance child tax credit payments 

https://www.irs.gov/newsroom/non-trad... 

https://accountinginstruction.info/

Families come in all shapes and sizes – and some families may not realize they could receive advance payments of the 2021 child tax credit in the last months of this year.

Give tax withholding a fresh look as 2021 year-end nears 

https://www.irs.gov/newsroom/give-tax... 

https://accountinginstruction.info/

The Internal Revenue Service reminds taxpayers today that the last quarter of 2021 is a good time to check withholding.

Understanding taxpayer rights: The right to finality 

https://www.irs.gov/newsroom/understa... 

https://accountinginstruction.info/

Taxpayers interacting with the IRS have the right to finality. This right comes into play for taxpayers who are going through an audit.

IRS Free File program available through Oct. 15 

https://www.irs.gov/newsroom/irs-free... 

https://accountinginstruction.info/

The Internal Revenue Service announced today that Free File remains available through Oct. 15 for those taxpayers who still need to file their 2020 tax returns.

Here’s how a taxpayer’s custody situation may affect their advance child tax credit payments 

https://www.irs.gov/newsroom/heres-ho... 

https://accountinginstruction.info/

Parents who share custody of their children should be aware of how the advance child tax credit payments are distributed.

IRS Nationwide Tax Forums Online launches 18 new seminars 

https://www.irs.gov/newsroom/irs-nati... 

https://accountinginstruction.info/

Tax pros: 2021 self-study seminars now available for continuing education credit IR-2021-197, October 4, 2021

IRS Tax Tip Farmers and ranchers affected by drought have additional time to replace livestock 

https://www.irs.gov/newsroom/farmers-... 

https://accountinginstruction.info/

Farmers and ranchers who were forced to sell livestock due to drought may get extra time to replace the livestock and defer tax on any gains from the forced sales.

Oct. 15 FBAR extension deadline nears for foreign bank and f 

https://www.irs.gov/newsroom/oct-15-f... 

https://accountinginstruction.info/

The Internal Revenue Service reminds U.S. citizens, resident aliens and any domestic legal entity that the extension deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is Oct. 15, 2021.