New information has come out concerning Economic Impact Payments made to a deceased taxpayer. Does someone who died qualify for the Economic Impact Payment? • No. A payment made to someone who died before receipt of the Payment should be return to the IRS. • Return the entire payment unless the payment was made to… Read More

Settlement Days program allows unrepresented taxpayers to settle their cases virtually and reach finality. Virtual Settlement Days is a coordinated effort to resolve Tax Court cases by giving taxpayers not represented by counsel the opportunity to receive free tax advice and possible tax representation from Low Income Tax Clinics (LITCs) or other pro bono organizations.… Read More

SSI and VA recipients who have children and weren’t required to file a tax return in 2018 or 2019 should visit the Non-Filers: Enter Payment Info Here Tool on IRS.gov by May 5. This will ensure they receive their full Economic Impact Payment as soon as possible. This tool is available in English and Spanish.… Read More

Some facts for eligible taxpayers who need to- and haven’t- filed a tax return for 2018 or 2019 • Eligible taxpayers with a filing requirement who haven’t filed a tax return for 2018 or 2019 must file for 2019 to get an Economic Impact Payment. • Taxpayers should file electronically and include direct deposit information… Read More

The global outbreak of the COVID-19 virus (the COVID-19 Emergency) has significantly limited the ability of many individuals to leave the United States. Individuals who do not have the COVID-19 virus and attempt to leave the United States may also face canceled flights, disruptions in other forms of transportation, shelter-in-place orders, quarantines, and border closures.… Read More

Taxpayers should be on the look-out for IRS impersonation calls, texts and email phishing attempts about COVID-19 Economic Impact Payments. These scams can lead to tax-related fraud and identify theft. Here’s what taxpayers need to know: • The IRS will not call, email or text you to verify or request your financial, banking or personal… Read More

On March 29th following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by COVID-19 with the opportunity to obtain up to a $10,000 Advance on their Economic Injury Disaster Loan (EIDL). The Advance is available as part of the full EIDL application and will be transferred into the account… Read More

The IRS has announced that Social Security recipients will automatically receive economic impact payments. Those receiving Social Security benefits who do not typically file a tax return will not need to file an abbreviated (simple) tax return to receive the stimulus payment. The IRS will use information from the SSA-1099 and RRB-1099 to generate payments… Read More

Employee Retention Credit Available for Business The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable credit is 50% of up to $10,000 in wages paid by an employer whose business has been financially impacted by COVID-19. The credit is… Read More

Blog #30 Economic Impact Payments No action needed by most people at this time The Treasury Department and the Internal Revenue Service announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically… Read More