Stimulus Payment Update

The IRS has published its latest update on Economic Impact Payments. This payment is automatic for most taxpayers who filed a 2018 or 2019 tax return eligible for an Economic Impact Payment. The IRS publication,  Economic Impact Payment Information Center, provides the following guidelines for eligibility for a stimulus payment: $2,400 for married filing jointly…

The IRS has announced additional key tax deadlines

The IRS has announced additional key tax deadlines to help individuals and businesses struggling with economic turmoil caused by the Coronavirus pandemic.  In the link below from April 9, 2020, the IRS elaborates on the latest extension of tax deadlines. IRS extends more tax deadlines to cover individuals, trusts, estates corporations and others IR-2020-66, April…

The IRS Extended Payment Deadline

The Treasury Department and the Internal Revenue Services are providing special payment relief for taxpayers Payment Deadline ExtenThe Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who…