Updated on July 15, 2020: COVID-19 has monopolized the news stories over the last few months. As a direct impact of its outbreak, the IRS automatically extended the deadline to file tax returns from April 15 to July 15. It is easy to imagine that preparing to file the income...

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...

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...

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...

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...