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Schedule LEP, Form 1040, Request for Change in Language Preference
The IRS has introduced Schedule LEP for the Form 1040 if either the taxpayer and/or spouse requests any potential future notices in a diff

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COVID Tax Credit Extended for Employers Who Keep Workers on Payroll
The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19,

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‘Submit Forms 2848 And 8821 Online’ Offers Contact-Free Signature
The Internal Revenue Service has rolled out a new online option that will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms elect

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A Closer Look: Maximizing The EITC
The IRS published the latest executive column, “A Closer Look,” which features Sunita Lough, Deputy Commissioner

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Paycheck Protection Program Excess Loan Amount Errors
The SBA has issued a procedural notice that clarified that borrowers who received loans in excess of the amounts that

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ICYMI: Treasury Issues Millions of Second Economic Impact Payments by Debit Card
The Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.

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ICYMI:  2021 Tax Filing Season Begins February 12
The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, which is when the tax agency will begin accepting and processing 2020 tax year individua

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Economic Impact Payments Issued by January 15, 2021
If your EIP does not arrive by January 15, 2021 or shortly thereafter, if it is sent out as a debit card or paper U.S. Treasury check, then it will not be issued automatically.

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