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IRS Offers Guidance on Unemployment Benefits Exclusion

(Accounting Today) - The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief.


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Federal Stimulus Bill Has Huge Tax Change For Gig Workers 
(Forbes) - Tucked inside the American Rescue Act is a tax change that has big implications for tax revenue and the gig economy. Starting for tax year 2022, many contractors with gig economy companies like Uber, and Lyft will be getting 1099 forms when they previously wouldn't have.

SBA EIDL Payments Not Due Until 2022 
(Accounting Web) - Small businesses have even more time to pay off certain emergency loans as the SBA said the first due date for repayment of EIDLs made in 2020 is extended from 12 months to 24 months from the date of the note.

Explore Our Stellar Universe with NASA’s Astronomy Picture of the Day Site 
(How-to-Geek) - It’s always a wondrous experience to look up at the night sky and gaze at the beautiful constellations, but the naked eye can only see so much. However, with the help of NASA, astronomers, astrophotographers, and other scientific contributors, you can view the sights of our universe directly on the Astronomy Picture of the Day website.

U.S. Consumer Prices Increase 0.4% in February 
(CFO) - Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.

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