Infinite Tax Pro

IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments IR-2020-64, April 2, 2020 WASHINGTON The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft.

Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed IR-2020-58, March 21, 2020 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.

Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some taxpayers who typically do not file returns will need to submit a simple tax return to receive the economic impact payment. [ 598 more words ] https://www.infinitetaxpro.biz///economic-impact-payments/

Employee Retention Credit available for many businesses hurt by COVID-19 IR-2020-62, March 31, 2020 WASHINGTON The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. [ 461 more words ] https://www.infinitetaxpro.biz//04/employee-retention-cre/