From the IRS Tag

Economic Impact Payments by Prepaid Debit Card – Did You Know?

As part of the U.S. Treasury’s ongoing effort to get COVID-19 Economic Impact Payments (EIPs, also called stimulus payments) to all eligible Americans, the IRS has begun sending payments by prepaid debit card in […]

Tracking Income and Expenses for “Gig” Work – Did You Know?

With working from home becoming more common in 2020, many people are taking on freelance or “gig” work to supplement their incomes. Whether you rely on gig work as your primary income source or […]

Refund Amounts – Did You Know?

If your refund amount is different than stated on the filed tax return, part or all of your refund may have been used to pay off (offset) past-due federal tax, student loans, state income […]

Tips to Keep Your Personal Information Safe – Did You Know?

The ever-present threat of identity theft grows during tax season. To help taxpayers stay safe, the IRS recently offered suggestions to secure your personal data when preparing and filing your returns, and all year […]

VA and SSI Recipients: Register Dependents by May 5th to Receive Full EIP

Recipients of Veterans Affairs (VA) and/or Supplemental Security Income (SSI) benefits will automatically receive an Economic Impact Payment (EIP) from the IRS, even if they are not required to file federal income tax returns. […]

Reduce Fees & Penalties – Did You Know?

You should still file your taxes, even if you can’t pay, as the failure-to-file penalty may be 10 times more than the failure-to-pay penalty. If you are unable to pay in full, try to […]

Will I Qualify for a Stimulus Check?

Individuals who earn $75k or married individuals, filing jointly earning $150K or less as reflected by their adjusted gross income, qualify for the full stimulus payment. If you received a refund and provided your […]

Economic Impact Payments – What You Need To Know

The Following information is from the IRS Newswire Service – March 30, 2020. Economic impact payments: What you need to know No action needed by most people at this time IR-2020-61, March 30, 2020 […]

Scammers and IRS Impersonation – Did You Know?

The IRS has issued alerts about scammers that are continuing to contact taxpayers. Among the most common are phone calls and fake emails. Thieves use the IRS name, logo or a fake website to […]

HDHPs and COVID-19 – Did You Know?

The IRS has advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment without jeopardizing their status. If you have a HDHP that covers these costs, you may […]