The IRS has announced that it will extend the filing season until Monday, May 17, 2021. This one-month extension is for filing and payment. Thank you in advance for your patience while we work on the federal and state software updates related to this filing deadline change, such as due dates, payment debit dates, and filing instructions.…
IRS highlights higher penalties for some tax returns filed after Sept. 14 WASHINGTON — The Internal Revenue Service today urged individuals who owe taxes but have not yet filed for 2019 to act now to avoid higher penalties that, by law, start after Sept. 14. The tax deadline was July 15 this year. Taxpayers who…
Some taxpayers earn income not subject to withholding. For small business owners and self-employed people this can mean making quarterly estimated tax payments. Anyone in this situation should check their withholding using the “Tax Withholding Estimator” on IRS.gov. If the estimator suggests a change, the taxpayer can “submit a new Form W-4” to their employer.…
The Team at Hartman accounting is always scouring the web to find resources for you to use.We encourage our clients to facilitate all the free aids that IRS.govoffers. https://irs.gov/ You can register to access all of your tax records, downloadtranscripts, see all correspondence sent to you, and transaction historyof payments and refunds. There’s accurate information…
Using the IRS Tax Withholding Estimator can help taxpayers have the right amount of tax withheld and avoid surprises when filing next year. Income taxes are pay-as-you-go. By law, taxpayers are required to pay most of their tax as income is received. There are two ways to do this: Through withholding from paychecks, pension payments,…
IRS: THREE NEW CREDITS ARE AVAILABLE TO MANY BUSINESSES HIT BY COVID-19 WASHINGTON — The Internal Revenue Service today reminds employersaffected by COVID-19 about three important new credits available tothem. EMPLOYEE RETENTION CREDIT: The employee retention credit is designed to encourage businesses tokeep employees on their payroll. The refundable tax credit is 50% of upto…
Treasury, IRS unveil online application to help with Economic Impact Payments; Get My Payment allows people to provide direct deposit information and gives payment date
SUPPLEMENTAL SECURITY INCOME RECIPIENTS WILL RECEIVE AUTOMATIC ECONOMIC
IMPACT PAYMENTS; STEP FOLLOWS WORK BETWEEN TREASURY, IRS, SOCIAL
SECURITY ADMINISTRATION
Important Information! Coronavirus stimulus FAQ: 1. Who will be eligible for stimulus money? 2. What tax year will my check amount be based on? 3. Who doesn’t get a check? 4. I have not filed my tax return for 2018 or 2019. Can I still receive an economic impact payment? After the Senate passed a…
