With the October 15th extension deadline upon us, the IRS will soon turn its attention to collection efforts. If you've missed the filing deadline from April 15th (or July 15th in 2020 due to COVID-19), and the October 15th deadline, you could be subject to late penalties and interest. Don't forget you owe the taxes...
On August 8, 2020, President Trump issued a Memorandum allowing employers to defer withholding and payment of an employee's portion of the Social Security tax. Medicare taxes, however, are not covered. The payroll tax deferral is effective starting September 1, 2020. How does this affects employers and employees? Applicable Wages Applicable wages refer to wages paid to...
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...
Need Tax Help Now? Call Us!