Tax notices with balance due

IRS Statement regarding the mailing of notices to taxpayers with balances due: The IRS has suspended the mailing of three notices – the CP-501, the CP-503 and the CP-504 – that go to taxpayers who have a balance due on their taxes. Although the IRS continues to make significant reductions in the backlog of unopened […]

IRS sending Interest payments

This week the Treasury Department and the Internal Revenue Service will send interest payments to about 13.9 million individual taxpayers who timely filed their 2019 federal income tax returns and are receiving refunds. The interest payments, averaging about $18, will be made to individual taxpayers who filed a 2019 return by this year’s July 15 […]

Do you owe federal taxes?

Taxpayers have a variety of options to consider when paying federal taxes. IRS Direct Pay allows individuals to securely pay from their checking or savings accounts for free, and to schedule payments up to 365 days in advance. For taxpayers who cannot pay in full, the IRS encourages them to pay what they can and consider […]

IRS unveils new People First Initiative

IRS People First Initiative provides relief to taxpayers. IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program.  Due to COVID-19, the IRS is providing relief on a variety of issues as part of the People First Initiative. The IRS is modifying certain activities through the filing and payment deadline, Wednesday, July […]

Social Security and Railroad Retirement recipients

Most Social Security and Railroad Retirement recipients do not need to file a return or provide information to get an Economic Impact Payment Many people are receiving Economic Impacts Payments to help with the effects of the Coronavirus (COVID-19) pandemic. Among those are who receive Social Security retirement, disability (SSDI), or survivor benefits and Railroad […]