{"id":46456,"date":"2022-03-23T10:39:58","date_gmt":"2022-03-23T17:39:58","guid":{"rendered":"https:\/\/lapost.us\/?p=46456"},"modified":"2022-03-23T10:39:58","modified_gmt":"2022-03-23T17:39:58","slug":"irs-revises-frequently-asked-questions-on-2020-unemployment-compensation-exclusion","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=46456","title":{"rendered":"IRS revises frequently asked questions on 2020 unemployment compensation exclusion"},"content":{"rendered":"<p>IR-2022-64, March 23, 2022<\/p>\n<p>&nbsp;<\/p>\n<p>WASHINGTON \u2014 The Internal Revenue Service today revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.<\/p>\n<p>&nbsp;<\/p>\n<p>This Fact Sheet (<a href=\"https:\/\/www.irs.gov\/pub\/taxpros\/fs-2022-21.pdf\">FS-2022-21<\/a>) PDF updates the 2020 unemployment compensation exclusion frequently-asked-questions (FAQs). These updates are:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Question 6, Topic A: Eligibility <strong>(NEW)<\/strong><\/li>\n<li>Questions 1, 2, 4, Topic D: Amended Return (Form 1040-X)<\/li>\n<li>Question 2, Topic E: Impact to Income, Credits, and Deductions<\/li>\n<li>Question 1, 8, 9, Topic G: Receiving a Refund, Letter, or Notice<\/li>\n<li>Question 1, Topic I: Post Unemployment Compensation Exclusion Adjustment<\/li>\n<li>Question 1, Topic J: Economic Impact Payment<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.<\/p>\n<p>&nbsp;<\/p>\n<p>More information about <a href=\"https:\/\/www.irs.gov\/newsroom\/general-overview-of-taxpayer-reliance-on-guidance-published-in-the-internal-revenue-bulletin-and-faqs\">reliance is available<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.irs.gov\/newsroom\/general-overview-of-taxpayer-reliance-on-guidance-published-in-the-internal-revenue-bulletin-and-faqs\">IRS-FAQ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IR-2022-64, March 23, 2022 &nbsp; WASHINGTON&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-46456","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/46456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46456"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/46456\/revisions"}],"predecessor-version":[{"id":46457,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/46456\/revisions\/46457"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}