The deadline to file taxes has been extended by just over a month, providing relief to people filing and preparing taxes this season. Cannon, Clark, Holman & Associates CPA Jim Cannon said the latest stimulus package played into moving the deadline to May 17. Cannon said the IRS also started processing tax returns two weeks later into the season. “They ... Read More »
Tag Archives: IRS
Crunch Time: Taxes Due Wednesday
July 15 is the new April 15 in 2020. And taxpayers are down to less than 48 hours to submit tax returns. Maxx Taxx Owner Danielle Herren said if you cannot file your taxes by Wednesday, you can submit an extension to file. Herren said that is not an extension to pay. “It’s going to be tough to get a ... Read More »
Confusion Over Stimulus Checks Common
As COVID-19 stimulus checks arrive in local accounts, confusion surrounding the payment’s affect on taxes continues. Certified Public Accountant Jennifer Phipps said, despite rumors to the contrary, the stimulus money is not directly connected to your tax returns. “The reason why I think people are thinking it is something related to your future income taxes is because this is actually ... Read More »
Federal stimulus checks expected to start within days
Some Americans may receive their stimulus checks as early as next week, but it depends on your income and IRS info. Source Read More »