Where is my IRS Tax Refund? Are you pleasantly surprised by an IRS Tax Refund this year? With COVID-19 shutdowns impacting everyone and stimulus checks just not cutting it, a tax refund is a welcome relief. Shortly after you file your return, go to Where's My Refund (or the fancy IRS app) to find the status of...
According to a recent audit, the IRS sent $1.4 billion in COVID stimulus checks to deceased individuals. As such, many people may have received a payment for a deceased family member or another taxpayer who is not eligible to receive a payment and may have questions about what to do. Here are some answers: Q: How...
IRS has easy ways to help taxpayers who need more time or payment options The Department of the Treasury and IRS announced that the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until...
The CARES Act made important retirement account changes for tax relief that apply to the tax year 2020 ONLY. The CARES Act provides that qualified individuals may treat as coronavirus-related distributions up to $100,000 in distributions made from their eligible retirement plans (including IRAs) between January 1 and December 30, 2020. A coronavirus-related distribution is not...
You likely are aware of the record numbers of Americans out of work and filing for unemployment benefits this year due to the COVID-19 shutdowns. At times, over a million every week. However, many of you may not realize how this can impact you when it comes to filing your 2020 tax return. Does losing a...
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