Tax

The Internal Revenue Service posted a Spanish version of its Form 1040 and instructions Tuesday and made available publications and online information in other languages.

For those with less than $150,000 in adjusted gross income who collected unemployment benefits this past year, the COVID relief bill allows them to receive up to $10,200 of those benefits tax-free.

An unacknowledged credit; potential estate tax changes; an ongoing EIN mess; and other highlights from our favorite tax bloggers.

The new venture enables CPA firms to help small-business owners secure employer-based tax help.

“Even the easy returns are not simple right now,” a CPA says.

Building the right balance calls for a three-phase approach: Create a safe space, apply lessons learned, and map a vision for the future.

A former UBS Group AG executive who is trying to reverse a conviction at a landmark tax trial couldn’t remember the assets managed by his team focusing on French clients out of Switzerland.

Auditors were only able to recoup about 39 percent of the more than $4 billion in unpaid taxes owed by a group of rich taxpayers with an average annual income of nearly $1.6 million.

The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief.

March 15 is a busy date. The S corporation and partnership returns are due then, so the K-1s can be distributed timely.