How long will I have to wait for my IRS and state refunds?
Refunds efiled are being direct deposited in about 2 weeks right now--A few days longer if it is mailed to your home.
How long do I have to wait for my Stimulus Check if it is mailed?
As of August, if you have recently called the IRS Stimulus Hotline and they say they will be issuing a check, clients are telling us it is taking about 3-5 weeks to get that check. The IRS says it will continue mailing Economic Payment checks through 2020.
I didn't get credit for my dependent, what do I do?
Call the IRS stimulus hotline number 800 919-9835 for resolution. If they are not helpful, you will be able to request this additional amount through a special form/credit in your next years tax return. If your dependent was disabled and over 16 years or age, it doesn't appear like you will get the $500. This may change. We'll keep waiting for updates and post them as we hear them.
I am a citizen, but my spouse isn't, yet. Will I get the stimulus check?
No, if you are married to someone without an active social security card, no matter where they are in the green card or immigration process, you, the tax payer ,will not be eligible to get the $1200.00. However, if you are in the military, you can.
What's up with Unemployment benefits? Will they be taxed?
Yes. A good estimate for how much you will have to pay back for most people is 12%. If you get a good size refund, expect it to be that much smaller. If you usually get a small refund, you could end up owing.
Whats up with Small Business Loans (SBA)?
We are not providing a service to help clients with their SBA loan applications. There are many different Covid-19 relief programs for small businesses on the SBA website. Go to www.sba.gov/funding-programs/disaster-assistance for all the details of the various programs. Also talk with your primary business bank for their procedures. The most common program for small business right now is the Paycheck Protection Program. To prepare for this program you will have to know your 2019 and 2020 payroll as well as your 2019 Independent Contractor costs (1099-Misc) that you filed by person as reported to the IRS.
What are your hours? 24/7 sort of...
Beginning September we will be in the office Monday, Wednesday and Friday with the exception of national holidays. Our mail slot in the front door is open all the time and accepting drop offs and is a safe way to get us information during non business hours:)
Are you still taking appointments and doing returns?
Fraud Alert...Don't even trust close family or your boyfriend/girlfriend with your bank account information. You all know a story where those relationships have gone "south".
Do not let someone else handle your direct deposit change on the IRS website. Struggle through it yourself or wait until it is mailed to your house. If your address is incorrect, fill out the IRS Form 8822 available at www.IRS.gov, and search Form 8822. Print it out and mail it to the address on the form instructions.