IRS to Provide Penalty Relief for Tax Returns Filed Late Due to COVID-19

IRS to Provide Penalty Relief for Tax Returns Filed Late Due to COVID-19

To help taxpayers affected by the COVID-19 pandemic, the IRS is providing penalty relief to most people who filed 2019 or 2020 returns late including those who have already paid their penalties. Nearly 1.6 million taxpayers will automatically receive more than $1.2 billion in refunds or credits. Many of these payments will be completed by the end of September.

What are Nanny Taxes?

What are Nanny Taxes?

For families hiring a nanny or other employee to work in their home for the first time, the idea of nanny taxes may seem confusing or complex. Even experienced household employers could use a refresher. Understand your basic responsibilities as a household employer and get in the good graces of the IRS and your state tax agency.

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