Frustrated shocked man having problems, feel confused looking at laptop screen at office getty It’s the beginning of every American’s favorite time of the year … to hate: tax season. Starting on Feb 12th, the IRS started accepting tax returns for the 2020 tax year. Here are three of the most common tax season mistakes
Taxes
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about whether divorced spousal benefits could reduce other benefits including childhood disability benefits (CDBs), how long a reconsideration request might be expected to take and whether survivor benefits might be affected by the WEP or GPO. Larry Kotlikoff is a Professor of Economics at Boston
In a recent bankruptcy case, the court considered whether the recapture (repayment) obligation of the first-time homebuyer credit is a “tax” as applied to the non-discharge provisions of the bankruptcy code. The Housing and Economic Recovery Act of 2008 provided a tax credit for first-time homebuyers. The credit, which was for certain purchases between 2008
Google closeup logo displayed on a phone screen.(Photo by Nicolas Economou/NurPhoto via Getty … [+] Images) NurPhoto via Getty Images The most interesting tax news these days may not be the tax cuts in the massive pandemic relief bill now awaiting House passage. Rather, it may be the growing efforts of states to tax internet
Protective face mask and tax income documents for 2020. Concept for personal finances during … [+] Coronavirus pandemic getty Divorced and never married co-parents have the chance to pick up an extra $1,100 per dependent child when they file their 2020 returns. It requires trust, cooperation and running multiple versions of their 2020 returns. It is probably