Safe Harbor for Eligible Educators

Cross References–  Rev. Proc. 2021-15 Eligible educators may deduct up to $250 of unreimbursed expenses for the cost of books,...

Unemployment Benefit Identity Theft Scam

Cross References: IR-2021-24, January 28, 2021 The IRS is warning taxpayers about an unemployment benefit identity theft scam. Any-one who...

Qualified Opportunity Fund

Cross References:  IRC §1400Z-2•   Notice 2021-10 A qualified opportunity zone is a population census tract that is designated by the...

Waiver of Certain Information Reporting Requirements

Cross References:   Notice 2021-06 The Consolidated Appropriations Act, 2021 waived the requirement to file certain information returns or furnish...

Deferral of Employee Social Security Taxes

Cross References:   Notice 2021-11 On August 8, 2020, the President issued a memorandum directing the IRS to use its...

Filing Season Delayed Until February 12

Cross References:   IR-2021-16, January 15, 2021 The IRS has announced that the nation’s tax season will start on Friday,...