Federal Tax | Cg

29 Apr

Veterans Administration and Supplemental Security Income Deadline Approaching

Posted by cgadmin
April 29, 2020

May 5 is the deadline for certain Veterans Administration and Supplemental Security Income benefit recipients to claim Economic Impact Payments (EIPs) for children this year. The deadline applies to parents who haven’t filed a...

28 Apr

Coronavirus Tax Filing & Payment, Federal Tax

Coronavirus Filing Deadline FAQs

Posted by cgadmin
April 28, 2020

The IRS has updated a series of FAQs related to the federal income tax return filing and payment deadlines in response to the Coronavirus (COVID-19) pandemic. These FAQs update information about expanded taxpayer relief...

22 Apr

Coronavirus Stimulus Bill, Federal Tax, SBA

Senate Passes COVID-19 Relief Package

Posted by cgadmin
April 22, 2020

The U.S. Senate has passed a $484 billion bill that will expand small business aid and provide needed funds for hospitals and novel Coronavirus (COVID-19) testing. Specifically, the deal allocates $310 billion to replenish...

20 Apr

Federal Tax, Helpful COVID-19 Links

Economic Impact Payments For People Receiving Supplemental Security Income

Posted by cgadmin
April 20, 2020

Do you know someone who receives Supplemental Security Income (SSI)? If so, that person should automatically receive a $1,200 Economic Impact Payment (EIP) “no later than early May,” according to the IRS. No further...

17 Apr

Federal Tax, Helpful COVID-19 Links

IRS Get My Payment Tool Available

Posted by cgadmin
April 17, 2020

The IRS says its new Get My Payment tool is now up and running. It allows taxpayers to check on the status of their Economic Impact Payments (EIPs), which are being sent to help...

14 Apr

Federal Tax, Helpful COVID-19 Links

Economic Impact Payments Beginning to Be Deposited

Posted by cgadmin
April 14, 2020

The IRS announced that it has deposited the first Economic Impact Payments into taxpayers’ bank accounts. “We know many people are anxious to get their payments; we’ll continue issuing them as fast as we...

11 Apr

Coronavirus Tax Filing & Payment, Federal Tax, Tax

Report Employee Retention Tax Credit

Posted by cgadmin
April 10, 2020

Employers should report the employee retention tax credit on their returns for the 2nd quarter of 2020. The Coronavirus Aid, Relief, and Economic Security (CARES) Act supports certain employers that operate a business during...

09 Apr

Federal Tax, Helpful COVID-19 Links

TIGTA Warning For Potential Scams

Posted by cgadmin
April 9, 2020

The Treasury Inspector General for Tax Administration (TIGTA) has issued an urgent warning to taxpayers to “be on high alert” for potential scams related to the government payments that will be made to taxpayers...

17 Mar

Federal Tax, Tax

Emergency Coronavirus Bill

Posted by cgadmin
March 20, 2020

On Saturday, the U.S. House of Representatives passed a multi-billion dollar bill to provide Coronavirus (COVID-19) relief. The Senate will take up the bill this week. Treasury Dept. Secretary Steven Mnuchin stated the bill...

10 Mar

Federal Tax, Tax

Can You Benefit From the HCTC?

Posted by cgadmin
March 6, 2020

Under the tax code, “eligible individuals” can claim a refundable Health Coverage Tax Credit (HCTC). The credit is for a part of the premiums they paid for qualified health insurance coverage for themselves and...

Shopping cart