Coulter & Justus Newsletter for [date]
Here Are Your Articles for Wednesday, March 24, 2021
Is this email not displaying correctly?
View it in your browser .
Home Services Our Firm Specialties Contact Us

IRS Extends Deadline for 2020 Form 1040

The filing date for individual federal income tax returns has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed. 

Up to $10,200 of Unemployment Compensation Non-Taxable for Certain Taxpayers

Many taxpayers received unemployment compensation during 2020 due to layoffs and furloughs caused by the Coronavirus Pandemic. 

Child Tax Credit and Child & Dependent Care Credit

The American Rescue Plan has expanded on the Child Tax Credit and the Child and Dependent Care Credit creating major tax benefits for taxpayers with dependent children.  

IRS Grants Breaks on FSAs and DCAPs

Because of the pandemic, the IRS is offering accommodations on flexible spending accounts and dependent care assistance programs. Click through to find out how employees can take advantage of the relaxed rules.

IRS Issues Warning on Fraudulent Unemployment Forms

Many taxpayers are receiving Form 1099-G this year, which government agencies use to report unemployment income. But this form could be fraudulent! Click through for IRS guidance on how to protect yourself.

Coulter & Justus, P.C.
Coulter & Justus, PC
(865) 637-4161
9717 Cogdill Rd, Suite 201
Knoxville, TN 37932
Friend Me on Facebook
Connect with me on LinkedIn
Saved Articles
Comments and Feedback
Refer A Friend
Your Privacy
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
Powered by
Copyright © IndustryNewsletters All rights reserved.

This email was sent to: newsletters@cj-pc.com

Mailing address: 9717 Cogdill Rd, Suite 201, Knoxville, TN 37932