Elite Accounting Services

https://www.aarp.org/money/taxes/info-2020/are-stimulus-checks-taxed.html

Will I Owe the IRS Tax on My Stimulus Payment? Details on why taxpayers don’t need to worry about the tax liability on their stimulus money which is effectively an advanced refundable tax credit.

https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020

Payment Deadline Extended to July 15, 2020 | Internal Revenue Service March 21, 2020 - The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak.

https://nypost.com/2020/03/17/irs-gives-americans-3-month-break-for-filing-taxes/?utm_source=facebook_sitebuttons&utm_medium=site+buttons&utm_campaign=site+buttons

IRS gives Americans 3-month break to file taxes The IRS is giving Americans a three-month reprieve on paying their taxes this year as the Trump administration tries to shield the country’s economy from the ravages of the coronavirus. Taxpa…

https://www.cnn.com/2020/03/11/politics/tax-filing-coronavirus-wall-street-journal/index.html

Wall Street Journal: Tax filing deadline likely to be extended to curb financial impact of coronavirus The Treasury Department is considering extending the April 15 tax filing deadline to curb the financial impact of coronavirus on American households and businesses, according to The Wall Street Journal.

https://www.irs.gov/refunds

Refunds | Internal Revenue Service Get information about tax refunds and updates on the status of your e-file or paper tax return.

https://www.irs.gov/newsroom/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018

IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018 | Internal Revenue Service IR-2019-03, January 16, 2019 — 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.

https://apple.news/AQtt2m87tQiCH0ixvPSV1rw

The big, nasty retirement surprise you probably didn't think about — CNBC Retirement can often reduce or eliminate a lot of your expenses. But many retirees are surprised to discover there's one bill that may not go down: taxes.

https://www.accountingtoday.com/news/more-small-businesses-can-now-use-cash-accounting-irs

More small businesses can now use cash accounting: IRS The Tax Cuts and Jobs Act expanded eligibility for the method.

Reminder: Second quarter tax estimates due June 15!

https://www.gobankingrates.com/taxes/deductions/tax-tips-married-couple-needs-know/

10 Tax Tips Every Married Couple Must Know Save money with these tax tips for married couples.

http://thehill.com/policy/finance/392192-house-committee-approves-spending-bill-that-would-boost-irs-funding

House committee approves spending bill that would boost IRS funding The House Appropriations Committee on Wednesday approved a $23.4 billion financial services spending bill that includes a boost to IRS funding.