Taxpayer asks: My stimulus check is wrong. How can I fix it? I tried calling the IRS but couldn’t get anyone on the phone. Taxgirl says: The short answer is that you can’t immediately fix it. Even if you could get someone on the phone, the advice will be the same: you’ll have to wait….
(Author’s note: This article was current as of June 11, 2020. Since that time, the IRS has issued some updates. Keep checking back for more information.) Baby steps. The Internal Revenue Service (IRS) is reopening, albeit slowly. IRS Commissioner Charles Rettig explained earlier this month that the IRS is reopening operations for employees with non-portable work. So…
On March 20, 2020, Treasury Secretary Mnuchin extended the tax filing and payment deadline for federal income tax to July 15, 2020. This relief includes estimated payments for the first and second quarters. Some states have also extended filing and payment deadlines – but not all of them are extended to July 15, 2020. Additionally,…
Scrambling to make estimated payments? Don’t worry! The Internal Revenue Service (IRS) is reminding taxpayers that estimated tax payments for the tax year 2020, ordinarily due April 15, 2020, and June 15, 2020, are now due July 15, 2020. The extended deadline means that any individual or corporation that has a quarterly estimated tax payment due April 15,…
According to Johns Hopkins, the United States has confirmed nearly two million cases of COVID-19. With many businesses closed and taxpayers still waiting on stimulus checks, scammers are capitalizing on the shaky economic climate to cheat and steal. The Internal Revenue Service (IRS) is reminding taxpayers to be on guard against tax fraud and other related financial scams…
Taxpayer asks: How can I change my address with the IRS? Taxgirl says: The easiest way to change your address if there’s no time consideration is just to use your new address when you file your tax return. But if you filed a joint tax return and you and your ex now have separate addresses,…
The Internal Revenue Service (IRS) has now processed 159 million Economic Impact Payments (EIPs, sometimes called stimulus checks), totaling almost $267 billion. That includes 120 million direct deposits, 35 million paper checks, and 4 million pre-paid debit cards. But the IRS isn’t done yet. Millions of low-income people and others who aren’t required to file a tax return…
La Liga players may not be on the pitch yet, but at least one player is still making news: Atlético Madrid striker Diego Costa had pleaded guilty to tax fraud. The tax charges stem from Costa’s transfer to Chelsea FC in July of 2014. Costa enjoyed success at Chelsea for a few years (winning two Premier League…
The impact of COVID-19 is still being felt around the country. As of today, Johns Hopkins is reporting 1,820,523 cases of COVID-19 in the United States, with over 105,644 deaths. In March of 2020, the U.S. Tax Court began taking measures to limit potential exposure to the virus inside courtrooms. Months later, the Court advises that “the…
Lost your stimulus card? Tossed it in the trash? I reported earlier that some taxpayers were mistaking their Economic Impact Payments, sometimes called stimulus checks, for trash – tossing cards and checks away. Last week, the Internal Revenue Service (IRS) issued a reminder to taxpayers that some Economic Impact Payments, sometimes called stimulus checks, were being sent…