U.S. Senator John Boozman (R-AR), along with Senator Roger Wicker (R-MS) and 40 of their Senate colleagues, recently wrote a letter to the heads of the Office of Personnel Management (OPM), the General Services Administration (GSA) and the Office of…
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Internal Revenue Service
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Child Tax Credit Helping with School Expenses and Child Care, Census Data Shows
by AMP Staffby AMP StaffAccording to the U.S. Census Bureau, 3 in 10 families that received monthly Advance Child Tax Credit payments in 2021 spent them on kids’ school expenses; and 1 in 4 families with young children used them to cover child care…
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AR Senator Joins Fight Against Biden Proposal that ‘Jeopardizes Security of Americans’ Financial Info’
by AMP Staffby AMP StaffU.S. Senator John Boozman (R-AR) continues sounding the alarm over the Biden administration’s plan to expand the reporting of confidential financial data of Americans from financial institutions to the Internal Revenue Service (IRS). Boozman and GOP senators urged Senate Majority…
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Federal Interest Rates Remain Steady in Coming Quarter
by AMP Staffby AMP StaffInterest rates will remain steady for the coming quarter, according to the Internal Revenue Service. The IRS announced that interest rates will remain at 3 percent for overpayments and 2 percent for corporations, while there is a 0.5 percent rate…
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Following Federal Government, Arkansas Moves Tax Filing Deadline Back One Month
by Tyler Haleby Tyler HaleGov. Asa Hutchinson has extended the individual income tax filing deadline, moving the date back one month. On Friday, March 19, Hutchinson announced that he would be moving the deadline to Monday, May 17. This announcement follows the U.S. Treasury…
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Federal Income Tax Deadline Pushed Back One Month
by Tyler Haleby Tyler HaleFederal income tax deadlines for individuals are being pushed back one month, according to the Internal Revenue Service (IRS). The IRS and the Treasury Department announced on Wednesday, March 17 that the individual federal income tax filing deadline would be…
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Deadline for Claiming Economic Impact Payment Quickly Approaching
by Tyler Haleby Tyler HaleThe deadline for claiming an Economic Impact Payment is rapidly approaching. Individuals have until Saturday, Nov. 21 at 3 p.m. EST to request one of the stimulus payments. To obtain a payment, individuals must use the “Non-Filers” tool on the…
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Arkansas Taxpayers Receive More Than $1.4 Billion in Economic Impact Payments
by AMP Staffby AMP StaffMore than $1.4 billion has been issued in Economic Impact Payments in Arkansas as of April 17. The U.S. Treasury Department and the Internal Revenue Service (IRS) announced that a total of 778,710 Economic Impact Payments have been made in…
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Arkansas Taxpayers Receive More Than $1.4 Billion in Economic Impact Payments
by Tyler Haleby Tyler HaleMore than $1.4 billion has been issued in Economic Impact Payments in Arkansas as of April 17. The U.S. Treasury Department and the Internal Revenue Service (IRS) announced that a total of 778,710 Economic Impact Payments have been made in…
The Internal Revenue Service announced on Saturday that the first set of stimulus payments were deposited into some Americans’ bank accounts. Millions can expect to receive their payment in the next coming weeks as part of the CARES Act. However,…