This credit has been extended to 2025 to assist businesses facing a tight job market. This long-standing tax benefit encourages employers to hire workers certified as members of any of ten targeted groups facing barriers to employment. With millions of people out of work at one time or another since the pandemic began, the IRS …
Starting Oct. 28, new $67 user fee applies to estate tax closing letters; IRS reminds executors of free transcript option WASHINGTON – The Internal Revenue Service announced today that starting Oct. 28, a new $67 user fee will apply to any estate that requests a closing letter for its federal estate tax return. The new …
The IRS has contracted three private-sector collection agencies to collect overdue tax debts. IRS will exclude accounts from collection with private collection agencies involving taxpayers who are: Deceased Under the age of 18 In designated combat zones Victims of tax-related identity theft Recipients of supplemental security income (SSI) or social security disability insurance (SSDI) Adjusted …
There is a new tax, Metro tax, for those whose zip code is within the taxing jurisdiction of the City of Portland and the Multnomah County. In May 2020 voters in greater Portland approved a measure to raise money for supportive housing services for people experiencing homelessness or at risk of experiencing homelessness. The program …
