Taxes • Accounting • Payroll

A longer 2020 tax season means we have less time to plan for next year, if you received unemployment benefits, a PPP loan or EIDL, or retirement plan distributions under the CARES act and you are wondering how this will affect your taxes next year, give us a call or stop by to avoid surprises in 2021!

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Updates Regarding COVID-19

If you recenly received a small deposit, or check from the US Treasury, it's most likely an interest payment. This Taxing Subjects Article from Drake Tax explains further.

Stimulus Checks

Update: Most of us have or should have received the EIP by now, if you have not, or are wondering why your payment may have been short and what you can do to resolve this, please give us a call, or send an email to llmiller@millerfb.com.

We have been fielding a lot of questions recently regarding the economic impact payments (EIP) - the $1200 stimulus checks. If you normally don't file a return, give us a call and we can help you get your information to the IRS in order to receive your payment. If you normally do file, but your banking information is not on your most recently filed return, the IRS has an application called Get My Payment that is available on irs.gov to provide the IRS with this information for direct deposit of your EIP. This application can be found here. Give us a call or email llmiller@millerfb.com if you would like us to help you make sure the IRS has your direct deposit information.

IRS Get My Payment Application

This article form Kiplinger answers many questions about these payments.

IRS Estimated Tax Payment Address Change

The IRS has left the processing center open, that we initially thought would be closing. Please us the same address for 3^rd and 4^th quarter estimated payments that were used for 1^st and 2^nd quarter. If you have any questions about your estimated payments, give us a call or stop by.

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