Kelly Phillips Erb, Bloomberg Law

Kelly Phillips Erb

Bloomberg Law

United States

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Recent:
  • Unknown
Past:
  • bloomberglaw.com
  • Forbes

Past articles by Kelly:

IRS to Taxpayers Receiving Notices: What, Like Math Is Hard?

It’s correspondence season, and this year, the IRS is sending out more math error notices than ever. Here’s what to know if you get one, and what to expect if it is related to the recovery rebate credit. → Read More

Here’s What You Need To Know About The Earned Income Tax Credit In 2021

The Earned Income Tax Credit (EITC) or Earned Income Credit (EIC) is a refundable tax credit targeted to working people with low to moderate income. → Read More

Tax Refund Chart Can Help You Guess When You’ll Receive Your Money In 2021

If you want to get your refund as fast as possible, the IRS recommends that you e-file your tax return and use direct deposit (be sure to double-check those account numbers before you send your return). → Read More

IRS Announces Filing Season Open Date (It’s Later Than Expected)

The Internal Revenue Service (IRS) has announced that tax season will open on Friday, February 12, 2021. → Read More

Free File Is Now Open For Taxpayers

The Internal Revenue Service (IRS) hasn’t officially announced the start date to the new season, but the website indicates that Free File is officially open. → Read More

IRS Says Key Tax Forms Will Be Ready For Tax Season, But There’s No Start Date Yet

With all of the last minute changes to the Tax Code - and those stimulus check reconciliations - it was clear that the Internal Revenue Service (IRS) was going to have to make revisions to tax forms used to file 2020 tax returns in 2021. → Read More

Treasury Signals Intention To Make Cryptocurrency Like Bitcoin Reportable On FBAR

For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts, or what used to be called the FBAR. → Read More

More Answers To Your Questions About The Second Round Of Stimulus Checks

Chances are that you’ve already received notification about your second round of stimulus checks: this batch of checks is being issued much more quickly than the first round (from 2020). → Read More

IRS Says You Can Now Check The Status Of Your Stimulus Check With Get My Payment Tool

The Internal Revenue Service (IRS) has announced that the “Get My Payment” tool is now open. → Read More

IRS Says You Don’t Need To Do Anything To Get Your Stimulus Check (And Answers Your Other Questions)

The IRS reminds taxpayers that the payments are automatic, and they should not contact their financial institutions or the IRS with payment timing questions. → Read More

Treasury Says Some Stimulus Checks Could Arrive As Soon As Tonight

This second round of checks are part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, passed by Congress last week and signed into law by President Trump on Sunday night. → Read More

IRS Releases 2021 Mileage Rates

Beginning on January 1, 2021, the standard mileage rates for the use of a car, van, pickup or panel truck will be:56 cents per mile for business miles driven (down from 57.5 cents in 2020)16 cents per mile driven for medical or moving purposes (down from 17 cents in 2020)14 cents per mile driven ... → Read More

Congress Takes Lead On PPP In New Stimulus Bill, Defying Treasury

When Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March of 2020, the law included provisions intended to help businesses. One of the most popular is known as the Paycheck Protection Program, or PPP. → Read More

Here’s A Look At What’s In The Massive Covid-Response Stimulus Bill

The bill would extend the pandemic unemployment insurance programs - those created under the CARES Act - by a reported 11 weeks through March of 2021. → Read More

All You Need To Know About Round Two Of Covid-Related Stimulus Checks

Checks will be $600 per person - or $1,200 for married couples filing jointly - and an additional $600 per child. → Read More

Congress Reaches An Agreement On A Relief Package, Including New Stimulus Checks

The bill would extend the pandemic unemployment insurance programs - those created under the CARES Act - by 11 weeks. → Read More

‘The 12 Days Of Christmas’ Look A Little Different In The Pandemic

For 37 years, PNC has calculated the prices of the 12 gifts from the classic holiday song, "The Twelve Days of Christmas." → Read More

IRS Releases Form 1040 For 2020 (Spoiler Alert: Still Not A Postcard)

There are several notable changes to the form proposed for the tax year 2020 - the tax return that you'll file in 2021. → Read More

New Bipartisan Covid Bill Would Expand PPP, But Not Offer Stimulus Checks

The bill would extend the pandemic unemployment insurance programs - those created under the CARES Act - by 16 weeks. → Read More

Your Tax Transcript May Look Different As IRS Moves To Protect Privacy

The Internal Revenue Service (IRS) continues to take steps forward in efforts to protect taxpayer data. → Read More