1. How to Get Your Stimulus Check – 2020 Economic Impact Payments

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    The IRS is getting ready to issue the Economic Impact Payments to millions of Americans and is reviewing its 2018 and 2019 tax records to determine who qualifies for the payment and in what amount. The ongoing problem has been the fact that many individuals who potentially qualify for the...
  2. 2020 Coronavirus Stimulus Check – Economic Impact Payment Details

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    More details are released each week about the Economic Impact Payments, commonly called Coronavirus stimulus checks. We recently learned that people who typically do not have to file tax returns, are required to do that in order to qualify for the stimulus check. TurboTax estimates there are about 10 million...
  3. Coronavirus Economic Impact Payments & Ongoing Scam

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    The news about the government stimulus checks for individuals to get through the self-isolation and business hiatus was released over a week ago. The Treasury Secretary, Steven Mnuchin, estimated the checks would be issued sometime in mid-April. As of today, there is still relatively little details on the progress of...
  4. Coronavirus & 2020 Taxes – When Do I File State Income Taxes?

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    A recent decision by the federal government to extend the amount of time to file income taxes has generally met the similar response from the state governments. In order to truly ease the process of filing taxes, limit the cost, and ensure social distancing, many states followed the federal deadlines...
  5. Impact of The Coronavirus on the 2020 Tax Season

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    In today’s address from the Oval Office, the president Trump spoke about the government’s plan in the upcoming days to take on the coronavirus, and the steps to alleviate the pressures the virus created for many. Besides the 30-day ban on travel from Europe (the US citizens would be exempt),...
  6. Earned Income Tax Credit 2020 – Check If You Qualify

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    According to the IRS, roughly 20% of Americans who qualify, do not claim Earned Income Tax Credit (EITC). Every year that translates to billions of dollars that are left unclaimed. The EITC is a refundable tax credit that reduces your tax liability. If the EITC you qualify for is greater...
  7. How to File Taxes in Multiple States – 2020 Tax Help

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    Many of us have moved or will move between the states in the future. Even though there may countless reasons for that, one common outcome is the payment of taxes in more than just one state. Given than the U.S. tax system is thousands (!) of pages long, it is...
  8. TurboTax 2020 + QuickBooks Self-Employed Bundle

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    QuickBooks (QB) is one of the top choices for small businesses to do their accounting. It is also very integrated with TurboTax (available with a popular bundle discount) as it tracks many job-related costs that have a significant impact come tax reporting time. QB has evolved over time and has...