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!