Helpful Tax Resources from Amy Hollander, CPA

Suffice it to say, this has been a most interesting 2020 tax season. As any CPA will tell you, the “age old” answer to most tax questions is, “it depends” – and truth be told – that is truly the case as we speak of it today. As I draft these brief tidbits, additional guidance may well have been published.

Below are a few resources you may find helpful during this unprecedented time.

1. IRS – Get My Payment

As the description implies, this is your “one-stop-shop” for checking on the status of your Economic Impact Payment (i.e. stimulus), (that is, if you have not already seen it deposited in your bank account).

From the link above, you can also easily proceed to the “Get My Payment Frequently Asked Questions” page, which has a wealth of relevant information regarding the receipt of the payment.

2. Supplemental Security Income & Economic Impact Payments

If you are a Social Security Income recipient, in most cases, there is no further action required for you to receive your Economic Impact Payment.

One point, which has been clarified, is that if you are typically not required to file tax returns – that is fine – you will still receive your Economic Impact Payment.

3. IRS issues warning about Coronavirus-related scams

It goes without saying, but during this time – when so many are connected via online means – we must remain vigilant.

One important note: Know that the IRS will not contact you via phone, email, text, or social media.