Federal Government Economic Payment Plan

The federal government approved the issuing of “Economic Impact Payments” to qualifying recipients.  The payments will typically be $1,200 or $2,400 for a couple filing taxes jointly.  Parents will receive an additional $500 for each child they are able to claim on their taxes.  Those with per year earnings of more than $75,000, or $150,000 for a couple, will receive […]

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Why Is My Tax Refund Smaller

As you complete the preparation of your tax papers and file with the IRS, expecting a refund, some may be surprised when the refund is smaller than what was on your tax return.  Michael Devine from the IRS says there are several reasons the amount of the refund would change. Devine says don’t be afraid to question the change. The […]

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IRS Says Beware Of Scammers

Identity theft and scams…  People are trying to get your personal information, or they may already have it.  Micheal Devine from the IRS says for some people, they may not find out they are a victim until they file their taxes.  He says filing as soon as possible and filing electronically will help. Devine says the scammers may also try […]

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Time To Begin Tax Paperwork

The IRS is accepting and processing 2019 tax returns. If you haven’t received all of your tax information in one place, it is time to start working on the process. Michael Devine from the IRS has some advice on tax prep work Devine says next, determine how you will prepare your taxes. He says, like a tax professional, the software […]

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