Tuesday March 2, 2021
News
Gifts of Land
Many friends of charities have benefited from a gift of land or a gift of land with a building or other structure. There are two main benefits for this gift. First, there is a charitable deduction,...MORE
How to Choose a Hospice Care Program
Where can I turn to find a good Medicare covered hospice provider? My husband's mother has a terminal condition and wants to pass away at home, if possible, so I am helping out where I can.
Hospice...MORE
30% Fewer Tax Returns by February 19
The IRS reported that delaying the opening of the 2021 tax return filing season has reduced the number of filed and processed tax returns. For the first week of the filing season, the IRS received 30% fewer returns compared to the same date for the 2020 season. However, the prior season had 26 filing days by February 19, 2020.
As of February 19, 2021, the IRS had received 34.7 million returns and had processed 29.8 million returns. This was well behind the previous year total, due to the shorter filing period. On February 19 of last year, the IRS had processed 48 million returns.
This delay in receiving and processing returns prompted a letter from the House Ways and Means Committee Chair Richard Neal (D-MA) and...MORE
