The Internal Revenue Service today issued a special alert for several groups of federal benefit recipients to act by this Wednesday, April 22, if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment. Their $1,200 payments will be […]
Category: Tax Updates
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Economic Impact Payments
Who is eligible for the Economic Impact Payment? U.S. citizens or resident aliens who: Have a valid Social Security number, Could not be claimed as a dependent of another taxpayer, and Had adjusted gross income under certain limits. Who will receive the Economic Impact Payment automatically without taking additional steps? Most eligible U.S. taxpayers will automatically […]
Deferred Tax Payments, Checks To You!
Excerpt, Washington Post, 12/17/2020: 12:13pm. On Tuesday, Treasury Secretary Steven Mnuchin announced that the IRS would defer $300 billion worth of tax payments for Americans and businesses in the midst of the coronavirus fallout. Mnuchin urged Americans who can afford it to still file their taxes by April 15, but he said that anyone who […]
Don’t Panic! GA State Returns Will Process
Georgia State Department of Revenue will begin to process Individual Income Tax Returns on February 1, 2018. The state has been completing an update to their systems to curtail fraud with tax returns, specifically with email phishing scams. Be reminded of the following: Individuals: DOR will begin processing 2017 individual income tax returns on February 1, […]
So It Begins.. Oh Those W4’s.
The W4 form is where it begins! This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following major changes made by the new tax law. Employers will begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018. […]
