Below please find daily updates pertaining to the latest in financial, business, and tax news:
Unemployment compensation, including special unemployment compensation authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, must generally be included in gross income. If you are receiving unemployment benefits, the benefits are taxable. Do you know you can have tax withheld so you may not owe when you file your tax return next year? How this may affect you If you...Thu, Oct 15, 2020
Taxpayers have the right to appeal an IRS decision in an independent forum. One way taxpayers may exercise this right is by filing a petition with the United States Tax Court. How do I get to the Tax Court? Receiving a Statutory Notice of Deficiency from the IRS is often referred to as your “ticket” to the Tax Court for a redetermination of liability. If you receive a Statuto...Wed, Oct 14, 2020
Starting now, for tax year 2019 only, Form 1040-X, Amended U.S. Individual Income Tax Return can be filed electronically, though commercial tax-filing software. Please be aware that these cannot currently be e-filed directly through IRS systems. Taxpayers will have to check for tax-filing software companies that offer this option via the Internet. Up until now taxpayers had to mail all Forms 10...Fri, Oct 09, 2020
Non-filers now have until November 21 to register for their Economic Impact Payment (EIP). Eligible individuals, with little or no income and who are not normally required to file tax returns, now have more time to claim an Economic Impact Payment (EIP) using the IRS Non-Filers tool. The tool is designed for U.S. citizens, permanent residents and qualifying resident aliens who have a valid Soc...Tue, Sep 29, 2020
I sent a payment to the IRS. Why did I get a bill? If you mailed a payment to the IRS on or before July 15, it may still be unopened in the backlog of mail the IRS is processing due to COVID-19. The IRS will process your payment with the date the IRS received it. Do not cancel your check, and make sure funds are available for when the IRS processes your payment. I haven’t sent a payment,...Wed, Sep 23, 2020
Most individual taxpayers who filed an extension for their 2019 federal income tax return have until Thursday, October 15 to file. Although October 15 is the last day for most people to file, some taxpayers may have more time. They include: Taxpayers serving in or in support of the Armed Forces in an area designated as a combat zone or contingency operation. They typically have at least 180 d...Tue, Sep 22, 2020
Suscríbase al Blog de la NTA y reciba actualizaciones sobre las últimas publicaciones del blog de la Defensora Nacional del Contribuyente Erin M. Collins. Se pueden encontrar blogs adicionales en www.taxpayeradvocate.irs.gov/blog. In English Cada año desde 1963, los Estados Unidos han celebrado la Semana Nacional de la Pequeña Empresa. Este año, quizá...Mon, Sep 21, 2020
Need relief for employment taxes? Here’s a simple way to find out what your options might be under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and/or the Families First Coronavirus Response Act (FFRCA). What Are the Tax Relief Options? Employee Sick and Family Leave Reimbursement: Eligible businesses (including certain self-employed persons) are entitled to recei...Mon, Sep 21, 2020
Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Erin M. Collins. Additional blogs can be found at www.taxpayeradvocate.irs.gov/blog. en Español Each year since 1963, the United States has celebrated National Small Business Week. This year, perhaps more than any other, I recognize and celebrate the importance of small busine...Tue, Sep 15, 2020
Redirecting you to the COVID-19 Business Tax Relief Tool. ...
Error retrieving news feed.
Stimulus uncertainty fueled a choppy trading session....Mon, Oct 19, 2020
Builders are benefiting from record low mortgage rates and tight supplies....Mon, Oct 19, 2020
Conoco Phillips continues consolidation in the energy patch....Mon, Oct 19, 2020
...Mon, Oct 19, 2020
Country's exports declined 4.9% from year earlier, better than nearly 15% drop in August...Mon, Oct 19, 2020
...Sun, Oct 18, 2020
China and the United States have clashed over issues including trade, human rights, technology and the new coronavirus...Sat, Oct 17, 2020
The Indian government has warned Amazon.com’s local unit and Walmart’s Flipkart that sellers on their platforms are not complying with a rule requiring that a product’s country of origin be specified....Sat, Oct 17, 2020
Traders on the prediction market website Predictit are pricing in a 56% chance that Democrats take both houses of Congress as well as the presidency, allowing them to ram through bills including tax increases....Sat, Oct 17, 2020
Bars, restaurants, airlines and myriad other businesses are getting hit with new restrictions as politicians desperately try to contain an increase in infection cases ...
Facts First Hub | Road to 270 | Report voting issues ...
Facts First Hub | Road to 270 | Report voting issues ...Mon, Oct 19, 2020
CNN's Jake Tapper goes over how parts of the Republican party have embraced the "untethered" conspiracy group QAnon, and discusses "gross and irresponsible" reporting from Fox News with retiring Rep. Francis Rooney (R-FL). ...Tue, Oct 20, 2020
On Thursday night at Belmont University in Nashville, Tennessee, President Donald Trump and former Vice President Joe Biden will share a debate stage for the last time before the November 3 election. ...Tue, Oct 20, 2020
The last time coronavirus cases were surging in the United States, President Donald Trump pressed his advisers to allow him back on the trail and in front of the massive rally crowds he believes are his political lifeline. ...Mon, Oct 19, 2020
With Joe Biden holding his lead over President Trump in most battleground state polls, CNN's John King breaks down the latest Electoral College projections and compares it to the 2016 election. ...Tue, Oct 20, 2020
• Analysis: Watch these nine states in the US election • What we don't know about record-breaking early voting numbers ...Mon, Oct 19, 2020
• Fact check: Trump makes 66 false or misleading claims in 3 days • He went down the QAnon rabbit hole for almost two years. Here's how he got out • Which video is fake? These clues will tell you ...Tue, Oct 20, 2020
Acclaimed actor Jeff Bridges announced Monday on Twitter that he has been diagnosed with lymphoma. ...Thu, Sep 24, 2015
Dear Lloyd, ...
Error retrieving news feed.
Broadbent, Houts & Co., P.C. is one of the leading firms in and throughout Kansas City Metro / Excelsior Springs, MO. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
© 2020 Broadbent, Houts & Co., P.C. All Rights Reserved.
Web Builder CS: Websites for Accountants