On August 28, the IRS announced that it will temporarily allow the use of digital signatures, or e-signatures, on certain forms that cannot be filed electronically, that must be maintained on paper or that otherwise previously required a handwritten signature. The IRS is making this temporary allowance to help reduce in-person contact and the associated…
After a big win on a lotto ticket or after a great night at the casino, the last thing you’re probably thinking about is those pesky tax obligations that come along with it. While that brand new sports car or fancy yacht may look enticing, it’s important to remember that the IRS wants its fair…
What is Tax Topic 151? You may receive a tax topic 151 letters in lieu of a full tax refund, or any refund at all. It can be alarming, as the notice often says to take action immediately. If you’ve received this notice, it means that your tax refund is either being reduced or withheld…
Health insurance can be pricey. Luckily, you can get a refundable tax credit just for purchasing health insurance through the Marketplace. Keep reading to find out how you qualify. What is the Premium Tax Credit (PTC)? First, individuals and families with low to moderate-income homes can receive a refundable credit (meaning you can receive a…
The IRS announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for taxpayers eligible to receive Economic Impact Payments. The enhancements adjusted several items related to the online tool, which debuted on April 15. The additional changes will help millions of additional taxpayers with new or expanded information and access to…
The Internal Revenue Service went live with its “Get My Payment” portal Wednesday, April 15th. This is the much-anticipated tool where you can get information on the status of your federal stimulus payment as well as provide direct deposit information so that you can receive your portion of the stimulus payment quicker rather than wait months for a…
The U.S. Department of the Treasury and IRS launched the “Get My Payment” web application. The FREE app allows taxpayers who filed their tax return in 2018 or 2019 but did not provide their banking information on either return to submit direct deposit information. Once they do, they will get their Economic Impact Payments deposited directly in…
Millions of Americans are starting to see Economic Impact Payments deposited directly in their bank accounts. The U.S. Department of the Treasury and IRS expect tens of millions of Americans will receive their payments via direct deposit by Wednesday, April 15. These payments are being automatically issued to eligible 2019 or 2018 federal tax return…
The U.S. Department of the Treasury and IRS will launch the “Get My Payment” web application by Friday, April, 17th. The FREE app—which will be found at IRS.gov—will allow taxpayers who filed their tax return in 2018 or 2019 but did not provide their banking information on their return to submit direct deposit information. Once…
IRS.gov feature helps people who normally don’t file get payments; second tool next week provides taxpayers with payment delivery date and provide direct deposit information To help millions of people, the Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file…
