In a recent project, the Indonesian Government and the World Bank developed interventions to support taxpayers' compliance through simple yet innovative communications. Working with 24,000 small and medium enterprises (SMEs), it had surprising results — that stretched beyond encouraging compliance.
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The Treasury Department and the IRS are issuing millions of second Economic Impact Payments by prepaid debit card to speed delivery of the payments to as many people as possible.
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Following tax law changes, cash donations of up to $300 made this year by December 31, 2020 are now deductible without having to itemize when people file their taxes in 2021.
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The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment.
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