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COVID Tax Tip 2020-62, May 27, 2020 Many people have already received their Economic Impact Payment, and many more will be getting them soon. Whether it’s already there or on the way, the payment brings questions from many people. Anyone who has questions can visit IRS.gov for updated FAQs about the Economic Impact Payment. Here …
COVID Tax Tip 2020-49, May 1, 2020 SSI and VA recipients who have children and weren’t required file a tax return in 2018 or 2019 should visit the Non-Filers: Enter Payment Info Here tool on IRS.gov by May 5. This will help ensure they receive their full Economic Impact Payment as soon as possible. This tool is available in …
SSI and VA recipients with a child who don’t file taxes should visit IRS.gov Read More »
COVID Tax Tip 2020-48, April 30, 2020 The IRS has two tools to help millions of taxpayers with their Economic Impact Payment. The payments are $1,200 per eligible person and up to $500 for each qualifying child. The first tool, Non-Filers: Enter Payment Info Here is available – in English and Spanish – for certain taxpayers who don’t …
Tools to help people get their Economic Impact Payment Read More »
COVID Tax Tip 2020-47, April 29, 2020 Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can also help avoid errors. Mistakes …
Common errors to avoid when filing for advance payment of employer credits Read More »
COVID Tax Tip 2020-46, April 28, 2020 Millions of Americans have already received their Economic Impact Payments as the IRS continues to automatically send payments to more individuals. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive their payment. The IRS will calculate the amount based on the income, filing …
Who can get more Economic Impact Payment money for children Read More »
COVID Tax Tip 2020-45, April 23, 2020 While most eligible taxpayers don’t need to take any action to receive an Economic Impact Payment, some people will. This includes those who are required to file and haven’t filed a tax return for either 2018 or 2019. Here are some facts for eligible taxpayers who need to – …
COVID Tax Tip 2020-43, April 21, 2020 The IRS is sending Economic Impact Payments to eligible individuals. Many taxpayers may be wondering how to get their payment as soon as possible. Most of them don’t have to do anything. Most payments will be sent automatically. Taxpayers who have filed their 2019 tax return and requested direct deposit …
Most Economic Impact Payments are being sent automatically Read More »
COVID Tax Tip 2020-42, April 16, 2020 Taxpayers should be on the lookout for IRS impersonation calls, texts and email phishing attempts about the coronavirus or COVID-19 Economic Impact Payments. These scams can lead to tax-related fraud and identity theft. Here’s what taxpayers should know: The IRS will not call, email or text you to …
Taxpayers should be aware of Coronavirus-related scams Read More »
COVID Tax Tip 2020-40, April 14, 2020 Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have …
Here’s how much individuals will get from the Economic Impact Payments Read More »
IRS Tax Tip 2020-39, March 19, 2020 The IRS YouTube channel has short videos that answer common taypayer questions and even walk them through how to complete certain forms. The channel has videos on a variety of topics. Here are few of them: First time filing a tax return? – This video introduces first-time filers to Free File, tax …
IRS YouTube videos can help taxpayers with their taxes Read More »