Entries by admin-wxc

45% of U.S. Workplaces Don’t Have a Return to Work Date Set

A new shows that while 53 percent of U.S. workplaces plan to reopen by July 15, at least 45 percent have yet to set a return to work date. Sponsored by the SHRM (Society for Human Resource Management), the survey reveals not only when workers will return, but also the strategies and measures embraced by […]

An extension to file is not an extension to pay taxes

For most taxpayers the filing and payment deadline was postponed July 15. Those who need more time to file beyond the postponed date, can request an extension to file. Taxpayers must request an extension to file by July 15. This gives them until October 15 to file their tax return. An extension to file is not an […]

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Keep Economic Impact Payment notice with other tax records

People who receive an Economic Impact Payment this year should keep Notice 1444, Your Economic Impact Payment, with their tax records. This notice provides information about the amount of their payment, how the payment was made and how to report any payment that wasn’t received. For security reasons, the IRS mails this notice to each recipient’s last known […]

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Department of Revenue Extends Due Dates for Certain Corporate

Tallahassee, Fla. – Department of Revenue Executive Director Jim Zingale issued an emergency order to extend filing deadlines for certain Florida corporate income tax (CIT) payments and returns. Order of Emergency Waiver/Deviation #20-52-DOR-003 extends the following due dates: For entities with a fiscal year ending December 31, 2019: The May 1, 2020, due date for Florida CIT returns is […]

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IRS enhances Get My Payment online application to help taxpayers

WASHINGTON – The Internal Revenue Service today announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments. The enhancements, which started last week and continued through the weekend, adjusted several items related to the online tool, which debuted on April 15. […]

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Treasury, IRS unveil online application to help with Economic Impact Payments

WASHINGTON – Working with the Treasury Department, the Internal Revenue Service today unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. With an initial round of more than 80 million Economic Impact Payments starting to hit bank accounts over the weekend and throughout […]

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Treasury, IRS release latest state-by-state Economic Impact Payment figures

WASHINGTON –The Treasury Department and the Internal Revenue Service today released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. “We are working hard to continue delivering these payments to Americans who need them,” said IRS Commissioner Chuck Rettig. […]

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IRS extends more tax deadlines

WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing […]