DISCLAIMER: The information below is based upon the most recently proposed legislation by Congress known as the COVID Relief Bill. This bill has not yet been signed or approved by the Office of the President as of the date of…
The IRS has announced an extension for the deadline to register for the $1,200 stimulus payment. This is commonly referred to as the economic impact payment or EIP. The deadline is now November 21, 2020. If you have not yet…
This year has been just full of craziness! For many of our clients, current craziness includes the recent derecho (a new vocab word for me!). The storm has caused significant damage and business interruption, so we have a bit of…
The IRS issued regulations on Tuesday, 5/12/2020 that could impact your health insurance plan, health flexible spending accounts (FSA’s), and dependent care assistance. There are two broad changes that you may hear more about in the coming weeks: The IRS…
Are you someone who is not required to file your tax return or who has not filed a 2018 or 2019 tax return for other reasons? You will need to fill out a free online form to identify yourself, your…
Want to know “Where is my Stimulus Check”? The link to obtain information regarding your Coronavirus stimulus payment is finally available! By visiting the site link below, you can check payment status, method of payment (i.e. direct deposit or check), and…
When Economic Impact Payments, aka Stimulus Payment, first came about, it was stated that they would use your 2018 and 2019 tax return information to figure out if you are eligible. What happens if you did not have to file…
Stimulus payments will be sent out soon and with that being said, most are wondering how they will receive them, but first things first, there are scammers trying to get bank information and saying it is for the stimulus payments.…
The US Dept. of Treasury and IRS have issued some basic guidance on penalty & interest relief for the period April 15, 2020 – July 15, 2020. As a result, if you owe tax on your 2019 tax returns and/or…
Tax season is here which means that scammers are going to be out in full force. If you receive a call, text, or email, from the “IRS” requesting personal information like a social security number, bank information, PIN number, etc.…
