We have been getting a lot of phone calls regarding the stimulus payments that started going out last month.  Most of you should have received it by now unless you opted to receive the payment by paper check.  Several clients have called saying they did not receive as much as they thought they were going to get and some have called saying that they haven't received the payment at all, even though they should have by now.  Like all things with the tax code, the stimulus payment is based on a complex formula and subject to limitations.  I included a link in this newsletter to the IRS webpage that inclues all of the information regarding the stimulus payment.  You can also check the status of your stimulus payment on the IRS website by entering your social security number and other pertinent information.  This should help answer a lot of your questions about the stimulus payments.  If not, you can always call or email us and we should be able to answer any questions you may have.

 

We also included an article about IRS Notices you may receive in the mail.  Whenever you receive a notice from the IRS or state taxing authority, you should always contact us first.  Most of the time these notices can be resolved in a quick and efficient manner, and we will be able to provide you with the proper course of action.

 

Enjoy this months newsletter!