Taxpayers are getting more time to meet some tax deadlines that would normally fall on April 15, such as making IRA contributions and filling certain claims for a refund. The deadline shift is outlined in Notice 2021-21, which pushes those deadlines to May 17, 2021....
Students and their higher-education institutions are getting a clearer picture of how to report pandemic-related emergency financial aid grants. Or not. The big news is that the IRS considers aid to students due to the COVID-19 pandemic to be non-taxable. The Internal...