Monday, April 13, 2020

IRS UPDATES


Here is the latest news on the stimulus payments and COVID-19 federal tax relief -

* If you don’t file a tax return due to low income and you do not receive Social Security or Railroad Retirement benefits you can use the new "Non-Filers: Enter Your Payment Info Here" application at the IRS website to provide simple information so you can get your payment.


* The IRS will also be introducing a "Get My Payment" application at the website in mid-April to check your payment status, confirm your payment type (direct deposit or check) and enter your bank account information for direct deposit if the IRS does not have this information from your tax return.  I will let you know here when this application is available.   

* Per recent IRS Notice 2020-23, the June 15 deadline for federal estimated tax payments is postponed to July 15, and the deadline for filing an amended 2016 federal tax return to claim a refund, normally April15, is extended to July 15.

TTFN












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