June 25, 2020
What to Do if You Can’t Pay Your Taxes Because of Coronavirus
The survey also found that more than a third of taxpayers (37%) do not have the resources to pay 2019 taxes owed despite the deadline being extended to July 15th.
June 25, 2020
With July 15 Deadline Approaching, 37% of Taxpayers Can’t Pay Because of Covid
A majority of taxpayers (61%) are deeply concerned that the financial impacts of COVID-19 may force them into tax debt, adding to the $131 billion already owed to the IRS by 14 million Americans.
June 24, 2020
Another Round? More Coronavirus Stimulus Payments May Be Coming Soon
The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”), already passed by the House, would again distribute $1,200 per person, via paper checks, direct deposit deposit or debit cards.
June 16, 2020
IRS Warns Nursing Homes Not to Take Coronavirus Payments from Residents
The IRS is warning nursing home and other care facilities that Economic Impact Payments (EIPs) generally belong to the recipients, not the organizations providing the care. The IRS issued this reminder following concerns that people ...
May 18, 2020
Where’s Your Coronavirus Stimulus Payment? The IRS Adds Live Phone Operators
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
House Passes $3 Trillion Stimulus Plan, Includes Additional $1,200 Checks
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 11, 2020
Why Didn’t You Receive Full IRS Coronavirus Stimulus Payment?
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 6, 2020
Still Waiting on Your IRS Coronavirus Stimulus Payment? Here’s Some Help
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
May 5, 2020
Some IRS Coronavirus Stimulus Payments Are Still Being Delayed
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
April 26, 2020
21 Million Taxpayers Delayed Filing Past April 15
As of April 17, 2020, the IRS reported that 115,961,000 individuals had filed their 2019 tax returns, compared to 137,233,000 returns filed for 2018 by April 19, 2019. That is 21,272,000 less— a drop-off of 15.5%.
April 18, 2020
Where’s My Coronavirus Stimulus Check? Here’s How to Track It
“Get My Payment” will show the projected date for when a deposit is scheduled, similar to the “Where’s My Refund” tool many taxpayers have previously used.
April 17, 2020
VA Benefits Recipients Will Receive Coronavirus Stimulus Payments, No Action Required
Veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments from VA will receive a $1,200 Economic Impact Payment with no further action needed on their part. Timing on the payments is still being determined.