May 27, 2020
Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of which taxpayers received a debit card was made by the Bureau of the Fiscal Service, a part of the Treasury ...
May 19, 2020
IRS will begin sending out four million stimulus payments on prepaid debit cards this week instead of mailing paper checks. With these so-called “Economic Impact Payments” (EIP) cards, clients can make purchases, get ...
May 18, 2020
The Internal Revenue Service is starting to add 3,500 telephone representatives to answer some of the most common questions about Economic Impact Payments.
May 16, 2020
The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most Americans with a new round of $1,200 checks.
May 13, 2020
The economic fallout resulting from the coronavirus will test the ability of companies to adapt to a business climate that is changing daily. Companies that are agile enough to adapt to new working paradigms, new ways of servicing clients and new technolo
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May 12, 2020
Up to 20,000 meals are planned to be distributed over a two-week period culminating with drops at select VA Hospitals throughout the U.S. caring for Covid-19 cases on Memorial Day, May 25.
May 11, 2020
Some Americans may have received a payment amount different than what they expected. Payment amounts vary based on income, filing status and family size.
May 11, 2020
The IRS has sent Coronavirus stimulus payments to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.
May 11, 2020
The IRS has discovered that it has mailed checks to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.
May 10, 2020
Although talks within the Trump administration are still in the preliminary stage, NBC news has reported that the deadline could be postponed again to September 15—or even as late as December 15.
May 10, 2020
The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)
May 7, 2020
You already play a key role in advising your clients on their taxes, so spend the extra time to advise on how to keep track of their PPP loans. Spending time on the front end setting up the recordkeeping and processes will save a lot of time in the ...