The IRS has made significant progress in opening backlogged mail

Filed an Individual Tax Return (Form 1040), a Business Tax Return or an Amended Return The IRS has made significant progress in opening backlogged mail. While, as of November 24, 2020, they had 7.1 million unprocessed individual tax returns and 2.3 million unprocessed business returns, the IRS expects to issue all refunds for 2019 individual […]

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 […]

Individual Provisions – Coronavirus Aid

Individual Provisions Coronavirus Aid, Relief and Economic Security (CARES) Act. In response to the economic harm that the COVID19 virus has caused, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. The Act provides an estimated $2 trillion in assistance, including almost $500 billion in individual rebate checks. Another $500 billion […]