Tax Problem Solver

    Archive Monthly Archives: July 2021

    IRS begins distributing monthly Child Tax Credit payments

    • July 21, 2021

    The IRS and the Treasury recently started disbursing advance monthly payments of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.Approximately $15 billion

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    IRS switched strategies for pursuing the wealthy, but came up short

    • July 21, 2021

    The Internal Revenue Service ended one strategy for examining high-income taxpayers in 2017 and switched to another strategy involving the IRS targeting the wealthy that brought in far less tax revenue

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