The IRS has recently launched a website that allows Americans to track the status of their stimulus checks. The IRS “Get My Payment” website informs users as to when they can expect their $1,200 coronavirus stimulus check. In addition, the site also details whether the agency needs more information before they send the check. The website will provide details if their check has been delivered, and to which bank account it was deposited to. In order to use the website, users may need … [Read more...] about IRS Website Launched Allows Americans To Track Their Coronavirus Stimulus Check
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Treasury, IRS Launch New Tool to Help Non-Filers Receive One-Time Coronavirus Relief Check
U.S. Senator Martha McSally (R-AZ) shared the following information regarding a new web tool launched Friday by the Treasury Department and Internal Revenue Service (IRS) to help the millions of people who don’t normally file a tax return quickly register for their one-time relief check as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act established Economic Impact Payments for individuals who make less than $99,000 a year or married couples that make less … [Read more...] about Treasury, IRS Launch New Tool to Help Non-Filers Receive One-Time Coronavirus Relief Check
Warnings from the IRS About the Latest Tax Scams
The Internal Revenue Service has concluded its annual "Dirty Dozen" list of tax scams with a warning to taxpayers to remain vigilant about these aggressive and evolving schemes throughout the year. The information below is a reprint from IRS.gov for June. This year's “Dirty Dozen” list highlights a wide variety of schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season. The schemes can run the gamut from simple refund inflation scams to technical … [Read more...] about Warnings from the IRS About the Latest Tax Scams
IRS Change May Affect the Individual Mandate for Health Insurance
The Internal Revenue Service (IRS) has signaled a change in how it monitors compliance with the Affordable Care Act’s (ACA) individual mandate. Under this change, tax returns will no longer be automatically rejected if they do not certify whether the individual had health insurance for the year. The new IRS policy on accepting “silent returns” is based on President Donald Trump’s executive order directing federal agencies to provide relief from the burdens of the ACA. However, this change is … [Read more...] about IRS Change May Affect the Individual Mandate for Health Insurance
Is It Possible the IRS Owes You Money?
Summer is almost over and our 2015 taxes, if the individual has not filed for an extension, have already been filed. Taxes are not even a thought… until you receive a letter from the Internal Revenue Service. Generally, this is the time of year when individuals begin to receive letters if their tax return is in question. The letters typically question items on your tax return from two-plus years ago. Unfortunately, the amount due is not just the tax owed, but also the penalties and interest that … [Read more...] about Is It Possible the IRS Owes You Money?
IRS Tips for Choosing Tax Preparer
Many people look for help from professionals when it’s time to file their tax return. If you use a paid tax preparer to file your federal income tax return this year, the IRS urges you to choose that preparer carefully. Even if someone else prepares your return, you are legally responsible for what is on it. Here are ten tips to keep in mind when choosing a tax return preparer: 1. Check the preparer’s qualifications. All paid tax return preparers are required to have a … [Read more...] about IRS Tips for Choosing Tax Preparer
IRS Electronic Filing Underway
The Internal Revenue Service opened the 2012 electronic tax return filing season today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns. IRS e-file has surpassed the milestone of 1 billion returns processed. The electronic transmission system revolutionized the way the IRS processes tax returns and made speedy refunds possible. More than 112 million income tax returns were e-filed last year or 77 percent of all individual … [Read more...] about IRS Electronic Filing Underway
More Online Offerings from IRS
The Internal Revenue Service reminds businesses and individuals that there are many services available online. William Bruson with the Phoenix IRS Media Relations Office, says filing and paying taxes should be as convenient as possible, which is why many services are available online at no charge. They include interactive forms, calculators, IRS Withholding Calculator, online Employer Identification Number filing, and other services. The Electronic Tax Payment System allows people to make … [Read more...] about More Online Offerings from IRS
