A lot of people may be surprised, for different reasons, to find that they owe an estimated tax payment to the federal government this month. Those who usually file estimated tax payments may be surprised to learn that the estimated […]
The IRS has issued a warning to the public to be on the lookout for a surge of calls and e-mail phishing attempts related to the coronavirus pandemic and the one-time economic impact payment. The IRS says that scammers may […]
Several new laws provide economic relief to individuals and businesses hardest hit by this year’s pandemic. This much-needed financial assistance, however, comes with a few strings attached. Here are three potential surprises you should be prepared for if you use […]
Tens of millions of people find themselves without a job due to the ongoing coronavirus pandemic. If you are one of them, you might be looking for ways to get the funds you need to get through until you find […]
Over the past several weeks, millions of Americans have lost their job due to the coronavirus. In response to this unprecedented level of unemployment, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides individuals and businesses […]
In response to the COVID-19 pandemic, the government is sending $1,200 to single taxpayers with income less than $75,000 ($98,000 with phaseouts). $2,400 is being sent to married taxpayers with income less than $150,000 ($198,000 with phaseouts). An additional $500 […]
COVID-19 has changed everyone’s schedule, including the government’s. As we wrote about last month, there have been a number of tax-related changes made this year in response to the pandemic. There have been so many changes, in fact, that we […]
The Families First Coronavirus Response Act (FFCRA), which was recently signed into law, requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s […]
The Treasury Department and the Internal Revenue Service announced on March 30 that distribution of economic impact payments will begin in the following three weeks and will be distributed automatically, with no action required for most people. However, some seniors […]
To help people facing the challenges of COVID-19 issues, the Internal Revenue Service recently announced a new program to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. This new […]