The IRS has begun mailing letters to tax payers with the IRS ID PIN for the 2020 tax year. If you have been issued an ID PIN in the past you will need this PIN to E-File your 2020 tax return. When you get it make sure you give the number to your tax preparer… Read More
The following info is for those taxpayers who filed a tax return for the 2019 tax year that utilized a Republic Bank “Refund Transfer” to process their refund. Just as a reminder, a “Refund Transfer” is a bank product that allows a taxpayer to have their tax prep fees taken out of their refund. If… Read More
2020 FEDERAL STIMULUS CHECK UPDATE Here is the latest info on the stimulus payments due to be passed later today. Americans should start getting relief checks within three weeks, Treasury Secretary Steven Mnuchin said Thursday, March 26, 2020. Consumers eager to receive their stimulus checks from the government’s historic coronavirus aid package need… Read More
Senate Republicans release massive economic stimulus bill for coronavirus response. PLEASE NOTE TaxSmart USA Inc is providing this information so that taxpayers will have access to this important information about the coronavirus stimulus proposals. Please note, the following are proposals only and have not been approved for implementation yet. Also, the specifics are subject… Read More
TaxSmart USA is here to help with any tax, government emergency stimulus check questions or tax preparation assistance for you or your small business. Call us today for more information (561) 293-2928. Make Sure You’re Able To Qualify for The Corona Virus Emergency Federal Stimulus Check. You Will Have To Have A 2019 Tax… Read More
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed WASHINGTON – The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax… Read More
WASHINGTON ― The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020. More… Read More
IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.… Read More
WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to… Read More