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More than 2.3 million additional Economic Impact Payments disbursed under the American Rescue Plan; total payments top 169 million

IR-2021-127, June 9, 2021 — The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced today they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan.

IRS Procurement office to hire 80 new employees nationwide, including contract specialists

IR-2021-126, June 8, 2021 — The Internal Revenue Service is looking to hire motivated acquisition professionals interested in providing America’s taxpayers top quality service. 

IRS reminder: Approaching June 15 deadline for second quarter estimated tax payments 

IR-2021-125, June 8, 2021 — The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without penalty. 

IRS sending letters to more than 36 million families who may qualify for monthly Child Tax Credits; payments start July 15

IR-2021-124, June 7, 2021 — The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting in July.

IRS sending more than 2.8 million refunds to those who already paid taxes on 2020 unemployment compensation

IR-2021-123, June 4, 2021 — The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment compensation that new legislation now excludes as income.

IRS reminds taxpayers living and working abroad of June 15 deadline

IR-2021-122, June 2, 2021 — The Internal Revenue Service today reminded taxpayers living and working outside of the United States that they must file their 2020 federal income tax return by Tuesday, June 15. 

IRS seeks nominations for the 2022 Internal Revenue Service Advisory Council

IR-2021-121, June 1, 2021 — The Internal Revenue Service today announced it is accepting applications for the Internal Revenue Service Advisory Council (IRSAC). Applications will be accepted through July 9, 2021.

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Regs. on postponing tax deadlines due to federally declared disasters

New IRS final regulations clarify when a federally declared disaster will lead to mandatory 60-day postponement of certain tax-related deadlines.

What is a global minimum tax and what will it mean?

Finance ministers for the G7 reached an agreement on Saturday supporting a global minimum tax rate of at least 15%. Here’s how it would work and what might happen next.

A practical guide to economic nexus

New sales tax nexus standards are creating a larger compliance footprint for U.S. companies and, potentially, foreign entities selling into the U.S. State and local taxing authorities have new tools for identifying and enforcing companies’ exposures for sales and use tax.

Avoiding fallout from aggressive tax strategies

CPAs must understand the significant risk that emanates from “too good to be true” tax strategies even if they “just make introductions,” provide tax consulting services, or prepare returns that reflect these strategies.

Time to opt in for an IP PIN?

Now that most taxpayers may obtain an identity protection personal identification number, should they?

Minority interest discounts apply to charitable bequests

The Tax Court partially upholds gift and estate tax deficiencies involving real estate LLC interests held by a family trust and includible in a decedent's estate.

Cattle farm with no cattle denied farming losses

The Tax Court holds that the activity was a hobby of the taxpayer despite his farming experience.

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El auge del cannabis en la pandemia

Para muchos estadounidenses, tener suficiente marihuana era tan esencial como abastecerse de papel higiénico. Los proveedores ingeniaron formas de suplir la demanda.

For Gyms With Tight Spaces, Expansion of a Different Sort

From on-demand video libraries to rooftop classes, the pandemic broadened how boutique workout spots operate.

N.Y.C. Mayoral Candidates on Pandemic Recovery

We interviewed the eight leading Democratic candidates for mayor about the biggest issues facing the city. Here’s what they said.

Meet the People Who Make New York City’s Summer Hustle Happen

After a stalled season last year, the beach buskers, bait sellers and heladeros embody the spirit of a city scrambling back.

The Importance of Black-Owned Vintage Stores

Often ignored in conversation about the booming resale industry is a long history of clothing thrifted by necessity, because of racism.

How a Hobbled Main Street Survived the Pandemic ‘Asteroid’

We spent the last four months photographing four blocks along the south end of Wilkes-Barre’s Main Street to capture the pandemic’s impact.

Why the Pandemic Was a Breakout Moment for the Cannabis Industry

For many Americans, having enough marijuana was as essential as stocking up on toilet paper. And suppliers found a way to get it to them.

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Navigating Discovery Days: Virtual Or In-Person?

Whether you call it Discovery Day, Meet the Team Day, Decision Day or something else—the day when potential franchisees meet with a franchisor’s leadership team to mutually evaluate whether it’s a fit is one of the most critical steps in a prospect’s journey.

In Cloud Governance, A Set-And-Forget Approach Can Be Fatal

Cloud has changed the nature of computing environments, and governance must change with it.

Six Ways To Move The Needle With NRR

It’s easy to be discouraged by the swings of net revenue retention, but once you realize churn is part of the process, it’s about aggregating feedback from customers to help the company focus on strategies for improving NRR.

Four Smart Ways To Reduce Cart Abandonment

You may have to experiment with some of these strategies to find what works for you, but this is one marketing effort worth pursuing.

Which Robotics Companies Are Going To Become Unicorns?

There are three critical elements that will become the pillars of the most successful robotics companies.

How To Jump-Start Your Imagination Through Business Games

Games help us to imagine. Businesses can use them to accelerate growth. Here is how.

Make These 2 Things A Priority If You Want To Increase Customer Retention

In order for your business to succeed, you need the right customers, and you need them to stick around. These two factors are essential in customer retention and will help move your business forward.

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Senator Presses Landlord Over Report It Evicts Black Renters At Higher Rates

A Senator is asking why a corporate landlord has filed to evict renters in predominantly Black counties at four times the rate as renters in predominantly white counties.

Back To The Office: Not Everyone Is Welcoming The Return

For Americans who were able to work from home at the start of the pandemic, what felt like an extended snow day at first has now turned into 15 months and counting of Zoom calls and logging onto work in sweatpants. But now that about half of Americans are fully vaccinated, some are trickling back into the office.

Johnson & Johnson COVID Vaccines Get An Extra 6 Weeks Of Shelf Life

The company said a Food and Drug Administration review concluded the shots remain safe and effective for at least 4 1/2 months. State officials had warned that many unused doses would expire soon.

The Case For Inflation

The latest Consumer Price Index reveals 5% inflation over the last year. Should we be worried? Treasury Secretary Yellen says no. Two economists argue yes. The Indicator presents... the inflation hawks!

Federal COVID Workplace Safety Rules Are Here. But Only For Health Care Workers

The Biden administration has issued an emergency rule that requires health care employers to take steps to protect their workers from COVID-19.

India And Tech Companies Clash Over Censorship, Privacy And 'Digital Colonialism'

India's new social media rules give the government broad powers to block some content and break encryption. It's the latest in a standoff with tech companies over censorship, privacy and free speech.

Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why

The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.