News

Direct deposit and your stimulus check: Set up faster payment up with IRS portal

Source: cnet.com - Apr 28, 2020

The IRS mailed the first wave of paper checks on April 24 and earlier this month began depositing money into the bank accounts of nearly 90 million US residents who are eligible to receive a... Read more >

Category: General Business

How Does the CARES Act Impact Net Operating Losses for Small Businesses?

Source: accountingweb.com - Apr 28, 2020

This week, we delve into how the Act affects small businesses’ net operating losses. Significantly, although the CARES Act essentially repeals tough rules that were imposed by the Tax Cuts and... Read more >

Category: General Business

Federal Income Tax Credits and Other Incentives for Energy Efficiency

Source: energystar.gov - Apr 28, 2020

Tax credits for residential energy efficiency have now been extended retroactively, through December 31, 2020. The tax credit for builders of energy efficient homes and tax deductions for energy... Read more >

Category: General Business

[irs.gov] Get My Payment Frequently Asked Questions

Source: irs.gov - Apr 28, 2020

For additional questions regarding the Economic Impact Payments visit our Economic Impact Payments Information Center. Here is what you need to know about your Economic Impact Payment (EIP). For... Read more >

Category: General Business

Have old tax bills with the IRS? Why you should pay them immediately

Source: cnbc.com - Apr 24, 2020

The IRS isn’t processing paper returns right now as they deal with distributing coronavirus stimulus checks. While that’s not an issue for most taxpayers, who currently have until July 15 to... Read more >

Category: General Business

How to Get Your 2021 Tax Refund A Lot Sooner

Source: fool.com - Apr 23, 2020

Getting a refund from the IRS is more common than not, and refunds total several thousand dollars for most households. If you're on track to get a refund from your 2019 tax year, you'll want to be... Read more >

Category: General Business

Con artists are after your stimulus checks—here are 4 red flags to watch for, says fraud expert

Source: cnbc.com - Apr 23, 2020

Americans are starting to receive their $1,200 stimulus checks, which are meant to help them get by during the coronavirus pandemic. That influx of money is also attracting scammers and con... Read more >

Category: General Business

City of New Orleans Reminds Residents of Evictions Ban, Tenants' Rights

Source: nola.gov - Apr 23, 2020

NEW ORLEANS — Today, the City of New Orleans reminds residents of the protocols currently in place with regard to eviction actions taken against tenants during the response to the COVID-19... Read more >

Category: General Business

Will parents of college students get the $500 in stimulus money? Your questions, answered

Source: usatoday.com - Apr 22, 2020

It's hard out there. And, in this time of uncertainty, USA TODAY is working to find answers to your money questions – anything from stimulus checks or unemployment benefits to your 401(k) or... Read more >

Category: General Business

These States Could Tax Your Recovery Rebates

Source: taxfoundation.org - Apr 21, 2020

Americans are receiving rebate checks as part of the federal government’s economic response to the COVID-19 crisis—but in a few states, at least some of those checks could be taxed. Under the... Read more >

Category: General Business

Updated IRS Guidance Addressing COVID-19 Relief Employer Tax Credits

Source: natlawreview.com - Apr 21, 2020

The IRS recently published guidance on the new refundable employment tax credits available under the Families First Coronavirus Response Act (the “FFCRA”) and the Coronavirus Aid, Relief, and... Read more >

Category: General Business

Why Haven't I Received My Stimulus Check?

Source: newsweek.com - Apr 21, 2020

By now, tens of millions of eligible Americans have received their stimulus checks from the government as a part of a $2 trillion relief package from the coronavirus outbreak. However, there are... Read more >

Category: General Business

Which IRS Stimulus Check Tool Should You Use?

Source: forbes.com - Apr 17, 2020

There's still a lot of confusion about how to register for and track stimulus checks on the Internal Revenue Service (IRS) website. There are two tools, the non-filer tool (more info here) and the... Read more >

Category: General Business

A guide to COVID-19 economic stimulus relief

Source: consumerfinance.gov - Apr 16, 2020

This blog was originally posted on April 10, 2020 and was updated on April 15, 2020 to reflect new information. Americans are increasingly feeling the impact of the coronavirus, both on their... Read more >

Category: General Business

What Is the New Deadline to File Taxes? A Coronavirus Update.

Source: propublica.org - Apr 16, 2020

As the COVID-19 outbreak rages in the United States, businesses and schools have closed and events have been canceled, leaving employees and business owners without work and at a loss for income.... Read more >

Category: General Business