Here is what you need to know about your Economic Impact Payment. For most taxpayers, payments are automatic, and no further action is needed. This includes taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees. Who is eligible? U.S. residents will receive the Economic Impact Payment of $1,200 for individual […]
WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some taxpayers who typically do not file returns will need to submit a simple tax return to […]
Many people are asking, how do I file a “simple return” in order for a me to get my stimulus payment? We at Complete Tax & Business Consultants are still awaiting guidance on how the IRS will wants us to file ‘Simple Tax Returns.’ On Monday, March 30, the IRS indicated that those who normally […]
April 1, 2020 WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts. […]
