The economic stimulus payments which were sent out this Spring are technically an advance payment toward a 2020 tax credit. What this means is that on your 2020 tax return, there will be a reconciliation of the amount that you … Continued
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This provides some economic relief for individuals and businesses due to the COVID-19 pandemic. Here are some highlights of the CARES Act. 2020 Recovery rebates … Continued
How do I cancel or change the date a payment comes… – Tax Pro Community How do I cancel or change the date a payment comes out on a return I already e-filed? If you scheduled a payment through IRS … Continued
One of the bigger fears that people have is receiving a letter from the IRS which states that they are making a change to their tax return and they owe more taxes. And, there is interest and penalties to be … Continued
