Jaffri CPA Firm

01/28/2021

https://www.cnet.com/personal-finance/do-you-have-to-return-your-stimulus-payment-to-the-irs-heres-when-and-how-you-would/

If any of these circumstances pertains to you, it's possible you'll need to send back all or part of your second stimulus check. Here's how.

01/20/2021

IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.

01/13/2021

https://www.cpapracticeadvisor.com/tax-compliance/news/21205514/irs-expected-to-audit-more-small-businesses-in-2021

After years of low examination rates, the IRS announced it will increase audits of small businesses: by 50 percent. This news comes during a time when complex tax law changes and economic stimulus programs in response to COVID-19 have ...

01/01/2021

12/31/2020

https://www.cpapracticeadvisor.com/tax-compliance/news/21204206/coronavirus-stimulus-round-2-600-payments-now-in-process-deposits-start-dec-30

The second round of Coronavirus stimulus payments, $600 for most taxpayers, have started being processed, the U.S. Treasury Department has announced. People could receive them as early as Wednesday, Dec. 30, 2020.

12/28/2020

Find out how to keep up with what’s new for 2021. To learn more, click here: https://www.irs.gov/newsroom/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2021