Taxpayers can use the Where’s My Refund? tool to start checking on the status of refund 24 hours after the IRS acknowledges receipt of the taxpayer’s e-filed tax return. Currently, the IRS is experiencing delays in processing paper tax returns due to limited staffing...
WASHINGTON ― With the July 15 tax deadline now past, the Internal Revenue Service reminds all taxpayers that there is no secret way to find out when a refund will be issued. Most taxpayers have already filed their federal tax return, and many have already received...
This IRS continues its efforts to reach taxpayers who aren’t required to file a tax return but may be eligible for an Economic Impact Payment of $1,200 or more. These individuals need to use a special Non-Filers tool on IRS.gov before the Oct. 15, 2020 deadline....
WASHINGTON — The Internal Revenue Service today reminds seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required...
WASHINGTON – Unclaimed income tax refunds worth more than $1.5 billion await an estimated 1.4 million individual taxpayers who did not file a 2016 federal income tax return, according to the Internal Revenue Service. “The IRS wants to help taxpayers who are owed...
Yesterday, the Senate cleared legislation to extend the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP), which will expired yesterday, June 30th. Under the bill passed by the Senate by unanimous consent, the deadline...
Late last week the IRS issued IR-2020-131, reminding taxpayers that July 15 is the deadline for paying 2019 income tax liabilities in addition to postponed April 15 and June 15 estimated tax payments for 2020. Those who owe a 2019 income tax liability as well as...
Release Date: Monday, June 15, 2020 Release Number: 20-47 Contact: Press_Office@sba.gov, (202) 205-7036 WASHINGTON – To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster...
A bipartisan bill (H.R. 7010) passed the House of Representatives yesterday intended to loosen the compliance requirements on Paycheck Protection Program (PPP) loans. The bill will affect hundreds of billions of dollars in small-business loans made under the PPP and...
Over the last few weeks, taxpayers have been looking for answers regarding their Economic Impact Payments. Today, the Internal Revenue Service announced that it will add 3,500 telephone representatives to help answer some of the most common questions. While this new...
