IRS mails out 1 million pieces of mail

  Did you know the IRS mails out 1 million pieces of mail per week? During the shut down due to COVID-19, this trickeld down to no automaic notices for the last two months or so. According to the National Taxpayer Advocate, the IRS never stopped PRINTING, but they stopped MAILING. The Internal Revenue Service is about to begin mailing TWENTY MILLION back notices. Many of the notices will have expired – for exmaple ‘we

Tips for Non Filers

      Tips for Non Filers. You can provide the necessary information to the IRS easily and quickly for no fee through Non-Filers: Enter Payment Info. The IRS will use this information to determine your eligibility and payment amount and send you an Economic Impact Payment. After providing this information you won’t need to take any additional action. The Non-Filers tool is designed for people with incomes typically below $24,400 for married couples or

Status of your Economic Impact Payment 

The new Get My Payment is to let taxpayers check on the status of their Economic Impact Payment date and update direct deposit information.  Get My Payment let taxpayers check on the status of their Economic Impact Payment. You can check the status of your Economic Impact Payment. This is similar to the “Where’s My Refund tool”.  If you did not have direct deposit on your last filed tax return, you can to input information

Stimulus Payments: The Senior Problem

Stimulus Payments: The Senior Problem . Help seniors get paid. Read this NOW! There is confusion regarding whether seniors who receive Social Security have to file a simple tax return to get their $1,200 stimulus check. The answer from the U.S. Treasury Department is NO. So if you received a 1099-SSA or RRTA in 2019 or 2018, the payment will be automatic….eventually. The problem The IRS challenge is to send out one-time coronavirus stimulus payments

2020 Tax Deadlines Move from April to July

Tax deadline announcements move tax filing and payments from April 15th to July 15th, per U.S. Treasury Secretary Steven Mnuchin. These announcements were made on Tuesday, March 17, 2020, and Friday, March 20, 2020, with payment and penalty delays confirmed by an IRS notice. Here is what you need to know While the filing deadline for individual income tax returns, Form 1040, is April 15, 2020, per IRS notice 2020-17, published this Wednesday, the Treasury

IRS ALERT: Two New Tax Scams

The IRS remains on the lookout for tax scams that can blindside unsuspecting taxpayers. Now two variations of past scams are currently making the rounds. Here’s what you need to know: The new scams The SSN hustle. This scam resembles another where callers impersonate IRS agents. In this version, the scammer claims to be able to suspend or cancel your Social Security number (SSN) because of some overdue taxes. Even if you don’t answer the call,

Did you miss the April 15th tax filing deadline?

Here is some useful information if you did miss the April 15th tax filing deadline. The April 15th tax-filing deadline has passed for most people. Taxpayers who did not file an extension and still have not filed their tax returns should file ASAP. You should do so even if you are unable to pay to avoid potential penalties and interest, which can continue to add up quickly. Penalties and interest are only added on unfiled

How you can pay your taxes if you owe the IRS

IRS offers taxpayers convenient, secure ways to pay their taxes throughout the year. Whether you e-file, paper file or are responding to a bill or notice the IRS offers secure ways to pay your taxes. It’s safe and secure. Here are some secure ways you can pay your federal taxes: You can pay using your bank account when you e-file your tax return for free using electronic funds withdrawal. Use IRS Direct Pay to pay

Will Your Tax Return be Audited?

Will Your Tax Return be Audited? Few things are more unnerving than having your tax return audited by the IRS. The IRS uses that “audit anxiety” to help keep taxpayers honest on their tax returns. DIF scores count The IRS evaluates tax returns based on their “DIF” scores, a set of IRS formulas known as the “Discriminate Function System.” About three-quarters of all returns audited are selected by the DIF computer, which compares deductions, credits,