More Than 1.1 Million Additional Economic Impact Payments Disbursed Under the American Rescue Plan – Payments Total Approximately 164 million

The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing more than 1.1 million payments in the eighth batch of Economic Impact Payments from the American Rescue Plan.

The announcement brings the total disbursed so far to approximately 164 million payments, with a total value of approximately $386 billion, since these payments began rolling out to Americans in batches as announced on March 12.

As Hurricane Season Nears, IRS Reminds People to Prepare for Natural Disasters

The Internal Revenue Service reminds everyone that May includes National Hurricane Preparedness Week and is also National Wildfire Awareness Month. Now is a good time to create or review emergency preparedness plans for surviving natural disasters.

In the last year, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe storms, flooding, wildfires and an earthquake. Individuals, organizations and businesses should take time now to make or update their emergency plans.

Post-Brexit Alchemy – How the UK Seizes Opportunity

Brexit was prophesied as a disaster, but Britain is sitting rather comfortably in the new European order. The United Kingdom’s (UK) withdrawal negotiations with the European Union (EU) were arduous, to say the least. Talks were characterised by intransience from Brussels and sheer immovability from the UK’s unflappable chief negotiator, David Frost. But an eleventh-hour agreement now outlines future EU-UK relations and Britain has reason to be pleased.

45 People Killed in Stampede at Religious Celebration in Israel

On Thursday evening at the annual celebration at the Tomb of Rabbi Shimon Bar Yochai in Meron Galilee, forty five people were trampled upon and hundreds were injured at what was called by the Paramedics a stampede. Last year this celebration was only watched on Live Video. Since Israel has now reduced Corona infection to a minimum the Health Department gave permission to have this gathering without any limitations.

Follow the IRS on Social Media and Sign Up for e-News Subscriptions for the Latest IRS News

Taxpayers, businesses, tax professionals and others can follow the agency’s official social media accounts and email subscription lists to get urgent information on Economic Impact Payments and other tax information. These platforms provide the latest alerts and information on various tax topics, including tax relief related to COVID 19.

IRS – Some People Get More Time to File Without Asking – Anyone Else Can Request an Automatic extension

Anyone can request an automatic tax-filing extension, but some people get extra time without asking, according to the Internal Revenue Service.

Due to the ongoing pandemic, this year the IRS postponed the usual April 15 deadline for filing individual income tax returns until May 17, 2021. Even so, as is the case every year, many Americans will still need more time to meet their tax-filing obligation.

Here’s Why Some People Got More Than One Notice About Their Economic Impact Payments

After each of the three Economic Impact Payments is issued, the IRS is required to mail a notice to each recipient’s last known address. The notice provides information about the amount of the payment, how it was made and how to report any payment that wasn’t received. Some people may receive multiple notices about each payment. Most people will simply file the notice with their tax records and won’t need to contact the IRS or take any further action.

Taxpayers Shouldn’t Believe These Myths About Federal Tax Refunds

Now that many taxpayers have filed their federal tax returns, they’re eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers.

Getting a refund this year means there’s no need to adjust withholding for 2021

To help avoid a surprise next year, taxpayers should make changes now to prepare for next year. One way to do this is to adjust their tax withholding with their employer. This is easy to do using the Tax Withholding Estimator. This tool can help taxpayers determine if their employer is withholding the right amount. This is especially important for anyone who got an unexpected result from filing their tax return this year. Also, taxpayers who experience a life event like marriage, divorce, birth of a child, an adoption or are no longer able to claim a person as a dependent are encouraged to check their withholding.

Electronic Options on IRS.gov are Available 24/7 – Save Time Online for Filing Information and Help

The Internal Revenue Service urges taxpayers and tax professionals to continue using electronic options to speed the processing of tax returns, refunds and  payments. IRS.gov showcases many task-based tools and features to help people navigate their taxes. All are available 24/7/365.

Timely processing of tax returns and refund issuance is especially important during the pandemic. To speed refunds and avoid delays in processing, the IRS strongly advises taxpayers to file electronically with direct deposit as soon as they have the information they need.

American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines – New Fact Sheet Outlines Details

The Internal Revenue Service and the Treasury Department announced  further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations.

The additional details, provided in a fact sheet released today, spell out some basic facts about the employers eligible for the tax credits. It also provides information on how these employers may claim the credit for leave paid to employees related to COVID-19 vaccinations.

2 Million More Economic Impact Payments Disbursed Under the American Rescue Plan – Total Reaches Approximately 161 million as Payments Continue

The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing nearly 2 million payments in the sixth batch of Economic Impact Payments from the American Rescue Plan.

The announcement brings the total disbursed so far to approximately 161 million payments, with a total value of more than $379 billion, since these payments began rolling out to Americans in batches as announced on March 12.

Steer Clear of Typical Tax Return Errors – May 17 Deadline Nears Some Mistakes on Tax Returns Can Slow Refunds

The Internal Revenue Service reminds taxpayers to check their tax returns for common errors that could delay refunds or otherwise affect normal processing. Here are some ways to avoid tax return slipups as the May 17 due date gets closer.

Use electronic filing. Filing electronically, whether through IRS Free File or other e-file service providers, is a great way to cut the chances for many tax return mistakes and maximize deductions to reduce tax owed at the same time. The tax software automatically applies the latest tax laws, checks for available credits or deductions, does the calculations, and asks taxpayers for all required information.

Where to Find Reliable Company Information These Days

The business world has always relied on information management, retrieval, and analysis; to this effect, we are living in a period of the Digital Age when the information we need can be accessed through a series of touch gestures on our mobile devices.

Whether you are conducting market research for prospective investments, looking up companies as part of a job search, preparing a lawsuit, or generating leads for a sales pitch, a reasonably modern internet browser is all you need to get the information you want.

Those Experiencing Homelessness Can Get Economic Impact Payments and Other Tax Benefits – Permanent Address Not Required

The Internal Revenue Service today continued an ongoing effort to help those experiencing homelessness during the pandemic by reminding people who don’t have a permanent address or a bank account that they may still qualify for Economic Impact Payments and other tax benefits.

While Economic Impact Payments continue to be made automatically to most people, the IRS can’t issue a payment to eligible Americans when information about them isn’t available in the tax agency’s systems.

IRS, Treasury Disburse 2 Million More Economic Impact Payments Under the American Rescue Plan – VA Beneficiaries Bring Total to Approximately 159 Million as Payments Continue

The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service announced they are disbursing nearly 2 million payments in the fifth batch of Economic Impact Payments from the American Rescue Plan.

The announcement brings the total disbursed so far to approximately 159 million payments, with a total value of more than $376 billion, since these payments began rolling out to Americans in batches as announced on March 12.

IRS Free File Can Help People Who Have No Filing Requirement Find Overlooked Tax Credits and Get a Refund

The Internal Revenue Service urges low- and moderate-income individuals and families, especially those who don’t normally file a tax return, to use IRS Free File  to prepare their own federal tax return, e-file it and get a refund – all for free. This year’s federal tax filing deadline for individuals has been postponed to May 17 from April 15.

IRS Letters Explain Why Some 2020 Recovery Rebate Credits Are Different Than Expected

As people across the country file their 2020 tax returns, some are claiming the 2020 Recovery Rebate Credit (RRC). The IRS is mailing letters to some taxpayers who claimed the 2020 credit and may be getting a different amount than they expected.

It’s important to remember that the first and second Economic Impact Payments (EIP) were advance payments of the 2020 credit. Most eligible people already received the first and second payments and shouldn’t or don’t need to include this information on their 2020 tax return.

IRS Has Refunds Totaling $1.3 billion for People Who Have Not Filed a 2017 Federal Income Tax Return

Unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 Form 1040 federal income tax return, according to the Internal Revenue Service.

“The IRS wants to help taxpayers who are due refunds but haven’t filed their 2017 tax returns yet,” said IRS Commissioner Chuck Rettig. “Time is quickly running out for these taxpayers. There’s only a three-year window to claim these refunds, and the window closes on May 17. We want to help people get these refunds, but they will need to quickly file a 2017 tax return.”

Israel News – Still No Government

Israel elections ended without the right side led by Likud or the left side opposing Netanyahu with a majority. Both sides are working to make a government. President Rivlin gave Netanyahu the mandate and 28 days to make a majority mandate coalition. Two of the candidates who are in the middle of the controversy between sides are Naftali Bennet of Yamina party who has behind him seven mandates and the Arab Ram party leader.

IRS Reminds Taxpayers to Make April 15 Estimated Tax Payment

The Internal Revenue Service reminds self-employed individuals, retirees, investors, businesses, corporations and others who pay their taxes quarterly that the payment for the first quarter of 2021 is due Thursday, April 15, 2021.

The extension to May 17, 2021 for individuals to file their 2020 federal income taxes does not apply to estimated tax payments. The 2021 Form 1040-ES, Estimated Tax for Individuals, can help taxpayers estimate their first quarterly tax payment.

The Impact of Marketing Automation on Your Marketing Career

Marketing automation is all the rage with entrepreneurs. And why shouldn’t it be? After all, it provides multiple benefits. Tools and technologies enable businesses to scale their operations with fewer resources. They also increase overall productivity and reduce overheads by a wide margin. 76% of entrepreneurs generated returns within one year of implementing marketing automation systems.

IRS to Recalculate Taxes on Unemployment Benefits – Refunds to Start in May

To help taxpayers, the Internal Revenue Service announced that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.

The legislation, signed on March 11, allows taxpayers who earned less than $150,000 in modified adjusted gross income to exclude unemployment compensation up to $20,400 if married filing jointly and $10,200 for all other eligible taxpayers. The legislation excludes only 2020 unemployment benefits from taxes.

IRS Projects Stimulus Payments to Non-filer Social Security and Other Federal Beneficiaries Will Be Disbursed Later This Week

As work continues on issuing millions of Economic Impact Payments to Americans, the Internal Revenue Service and Treasury Department announced that they anticipate payments will begin to be issued this weekend to Social Security recipients and other federal beneficiaries who do not normally file a tax return, with the projection that the majority of these payments would be sent electronically and received on April 7.

IRS Extends Additional Tax Deadlines for Individuals to May 17

The Internal Revenue Service announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund.

This follows a previous announcement from the IRS on March 17, that the federal income tax filing due date for individuals for the 2020 tax year was extended from April 15, 2021, to May 17, 2021.  Notice 2021-21 provides details on the additional tax deadlines which have been postponed until May 17.

Israel Elections – A Picture of the World

Israel went to the polls Tuesday and still has not established a majority of 61 mandates. Likud and his right-side supporting parties reached a total of 59 mandates. The opposition parties to Netanyahu without the Arab parties have 50 mandates. The two Arab parties have 11 votes divided into two coalitions 6 Arab Unity party and 5 Arab democratic party. If the Arab party with five mandates will join in with Netanyahu, Likud will reach a majority of 64 mandates to become again Prime Minister. If the two Arab parties will join opposition to Netanyahu the Left will have 61 mandates. The Arab parties will decide if Israel will have a new government.

More Economic Impact Payments Set for Disbursement in Coming Days – Taxpayers Should Watch Mail for Paper Checks, Debit Cards

The Internal Revenue Service announced the next batch of Economic Impact Payments will be issued to taxpayers this week, with many of these coming by paper check or prepaid debit card.

For taxpayers receiving direct deposit, this batch of payments began processing on Friday and will have an official pay date of Wednesday, March 24, with some people seeing these in their accounts earlier, potentially as provisional or pending deposits. A large number of this latest batch of payments will also be mailed, so taxpayers who do not receive a direct deposit by March 24 should watch the mail carefully in the coming weeks for a paper check or a prepaid debit card, known as an Economic Impact Payment Card, or EIP Card.

Tax Time Guide – Use the ‘Where’s My Refund?’ Tool or IRS2Go App to Check Tax Refund Status

The Internal Revenue Service reminds taxpayers that the most convenient way to check on a tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App.

Taxpayers can start checking their refund status within 24 hours after an e-filed return is received. In addition, “Where’s My Refund?” provides a personalized date after the return is processed and a refund is approved.

Elections in Less Than One Week – Nation Returns to Normalcy

Elections are coming next week. Polls show that there is a possibility that Netanyahu may gather enough mandates to make a government all on the right side. This will include Likud, Yamina headed by Naftali Bennet, Shas religious Sephardic Jewish party, United Torah Judaism party, and the religious Zionist party. Gidyon Saar who broke off from Likud to make the New Hope Party  could gather 10 mandates.

Covid-19 Vaccine and its Distribution to Various Geographies

COVID-19 pandemic has gravely affected the world economy. The research institutes, pharmaceutical companies, and healthcare organizations, together are working on the response, tracing the pandemic, advising on crucial interventions, and contributing to the distribution of the essential medical supplies to patients. Moreover, the healthcare personnel are parallelly engaged in the development and deployment of effective and safe vaccines. With the rollout of vaccines, millions of lives can be saved each year. Vaccines develop natural defenses, creating a natural immune system that recognizes and fights off the bacteria and viruses they target.

4 Unexpected Ways to Save Money on Transport

These are challenging times, and many people are looking for ways to cut costs and save money. One of the most expensive outgoings in daily life can be our transport — whether that’s through commuting to work, visiting family, travelling for leisure, or more.

Luckily, there are many ways you can save money on transport, thereby significantly reducing your overall expenses. Some of the more tried-and-tested tips include simply travelling less, looking for discounts on car maintenance, shopping around for better fuel prices, and more.

IRS Begins Delivering Third Round of Economic Impact Payments to Americans

The Internal Revenue Service announced that the third round of Economic Impact Payments will begin reaching Americans over the next week. Following approval of the American Rescue Plan Act, the first batch of payments will be sent by direct deposit, which some recipients will start receiving as early as this weekend, and with more receiving this coming week.

Finding Acceptance – Anti-Malarial Drug

Combination therapies are proving useful. Use of the whole Artemesia annua plant, with active ingredients other than the artemisinin which is the present focus of attention, may be important in ensuring drug resistance doesn’t develop.

The treatment of Summer Heat, a type of feverish disorder which occurs most often in the summer, has been valuable in Traditional Chinese Medicine (TCM) for thousands of years. Malaria fits into the Summer Heat pattern and one of the herbs commonly used in this pattern, A. annua, has been proven effective against malaria. Known in Chinese herbal medicine as Qing hao, sweet annie (or sweet wormwood), is the key component in treating malaria.

Israel Elections in Three Weeks – Iran Considered a Threat to Middle Eastern Normalization

Israel elections arriving in three weeks. Benjamin Netanyahu is counting on his success in vaccinating the nation which has brought down the number of hospitalizations below one thousand to 700 to bring to him additional mandates for him to continue to be Prime Minister. His opponents are still fighting against the popularity of Netanyahu from both sides the left and right. The only solid supporters of Netanyahu are his Likud friends and the religious parties. The other right parties Yamina led by Naftali Bennet and Gidyon Saar of New Hope party want to be Prime Minister. There is a much greater majority of mandates of right wing parties than left wing parties including the Arabs. For a right-wing party to join with the left side including the Arabs is doubtful.

Elijah E. Cummings Federal Employee Anti-Discrimination Act of 2020 Passes to Help Curb Federal Workplace Discrimination

To better protect our citizens, we must safeguard federal workers from retaliation. They serve as the nation’s first line of defense against domestic terrorism. A federal workplace free of reprisal enables civil servants (such as law enforcement officers, air traffic controllers, food inspectors, fire-fighters, and health practitioners at the Center For Disease Control addressing covid19) to meet America’s complex needs.

Apple and Microsoft Drag Nasdaq Down

The Dow had reported 31440 points, down 95 points or 0.3%. Earlier, the decline reached 140 points, and it was temporarily low at 31,395 points. The S&P 500 index is currently reported at 3879 points, giving up 22 points or 0.57%. The Nasdaq reported 13,453 points, a fall of 135 points or 1%. Apple shares fell 1.58%, temporarily the worst-performing Dow component stock; Microsoft both fell 1.35%.