Noman Fayyaz
Choose direct deposit
Choose direct deposit The safest, most accurate and fastest way to get a refund is to electronically file and choose direct deposit....
top of page
Blogs
Search
Noman Fayyaz
Oct 28, 20213 min read
Recovery Rebate Credit — Topic A: Claiming the Recovery Rebate Credit if you aren’t required to file
Q A1. I used the Non-Filers: Enter Payment Info Here tool last year and don’t usually file a tax return. What should I do to claim a...
4 views0 comments
Noman Fayyaz
Oct 28, 20211 min read
New option for claiming the Earned Income Tax Credit and Additional Child Tax Credit
The Earned Income Tax Credit (EITC) is one of the biggest tax breaks for working people. Working families with three or more qualifying...
2 views0 comments
Noman Fayyaz
Oct 28, 20211 min read
Deadlines help fraud detection
The due dates for information returns, like Forms 1099-MISC and 1099-NEC help the IRS more easily detect refund fraud by verifying income...
4 views0 comments
Noman Fayyaz
Oct 28, 20211 min read
New Form 1099-NEC
Form 1099-NEC is a new form for tax year 2020 for nonemployee compensation of $600 or more to a payee. This form should be filed with the...
1 view0 comments
Noman Fayyaz
Oct 28, 20211 min read
2020 Redesigned Form 1099-MISC
The IRS revised Form 1099-MISC for the 2020 tax year to accommodate the creation of a new Form 1099-NEC. The redesigned 1099-MISC has...
2 views0 comments
Noman Fayyaz
Oct 28, 20211 min read
Businesses have Feb. 1 deadline to provide Forms 1099-MISC and 1099-NEC to recipients
The Internal Revenue Service today reminded businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income PDF, and...
1 view0 comments
Noman Fayyaz
Oct 28, 20211 min read
Recovery Rebate Credit and other benefits
In 2020, the IRS issued two Economic Impact Payments as part of the economic stimulus efforts. The first payments were up to $1,200...
0 views0 comments
Noman Fayyaz
Oct 28, 20211 min read
Employers can withhold, make payments of deferred Social Security taxes from 2020
The Internal Revenue Service today released Notice 2021-11 PDF addressing how employers who elected to defer certain employees' taxes can...
2 views0 comments
Noman Fayyaz
Oct 28, 20211 min read
2021 Tips for taxpayers to make filing easier-Recovery Rebate Credit
File electronically and use direct deposit for the quickest refunds. Check IRS.gov for the latest tax information, including the latest...
1 view0 comments
Noman Fayyaz
Oct 28, 20211 min read
2021 Filing season opening-2021 efile start date
The filing season open follows IRS work to update its programming and test its systems to factor in the second Economic Impact Payments...
1 view0 comments
Noman Fayyaz
Oct 28, 20211 min read
2021 Key filing season dates
There are several important dates taxpayers should keep in mind for this year's filing season: January 15. IRS Free File opens. Taxpayers...
2 views0 comments
bottom of page