All tax scams put taxpayers at risk. This is the first of two tips taking a closer look at the IRS Dirty Dozen tax scam list. This year, taxpayers should be especially, watchful for aggressive schemes related to COVID-19 relief, including Economic Impact Payments.
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What can I do with my Economic Impact Payment on a prepaid debit card? Millions of people will get their Economic Impact Payment by prepaid debit card Issue Number: COVID Tax Tip 2020-61 Nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of […]
Why the Economic Impact Payment amount could be different than anticipated IR-2020-93, May 11, 2020 WASHINGTON — The IRS and Treasury have successfully delivered nearly 130 million Economic Impact Payments to Americans in less than a month, and more are on the way. Some Americans may have received a payment amount different than what they […]
Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have a Social Security number.
Information continues to be released by the IRS and other agencies regarding Economic Impact Payments (EIP). We encourage you to check IRS.GOV for the latest information. https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know The question was raised “How do taxpayers that are not required to file a tax return notify the IRS who they are and what their direct deposit information […]
WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft. “We urge people to take extra care during this period. The IRS isn’t going to call you […]
We are here for you as this global pandemic continues to impact all of us in unprecedented ways. We are only a phone call away at 800.877.1065 or 909.931.3131 and continue to personally answer your calls to address your needs and concerns Monday-Friday 8am-5pm PST. We have compiled a list of resources that may prove […]
Did you know you can email your clients through the Wintax NextGen program? This includes emailing them a password protected PDF copy of their return.