by Patricia Parrilla Tax Services | Apr 21, 2020 | Tax Tips and News
The Internal Revenue Service last week announced yet another service that will be temporarily closed due to social-distancing measures the agency has put in place to protect employees from the COVID-19 outbreak. In addition to the growing list that includes the Income...
by Patricia Parrilla Tax Services | Apr 18, 2020 | Tax Tips and News
For those taxpayers who qualify for an Economic Impact Payment, the IRS has now unveiled a new web page on the IRS website. On this “Get My Payment” tool, taxpayers who have filed either a 2018 or 2019 income tax return can find out if they qualify for the Economic...
by Patricia Parrilla Tax Services | Apr 18, 2020 | Tax Tips and News
The Economic Impact Payment (EIP) program designed to ease the shock of halted employment during the coronavirus-related isolation period could experience some unexpected loopholes.Jared Walczak of the Tax Foundation, one of the nation’s top tax policy centers, says...
by Patricia Parrilla Tax Services | Apr 17, 2020 | Tax Tips and News
Last week saw the IRS announce two new online resources for Economic Impact Payments (EIPs): the Non-Filers: Enter Payment Info Here and Get My Payment tools. On Wednesday, April 15, Get My Payment went online, providing EIP recipients a convenient way to set up...
by Patricia Parrilla Tax Services | Apr 17, 2020 | Tax Tips and News
Filers Receiving Supplemental Security will automatically get an Economic Impact Payment. When Treasury Secretary Stephen Mnuchin announced the Economic Impact Payments, filers had questions about qualifying for and receiving the payment. The IRS has repeatedly...
Patricia Parrilla Tax Services