A few updates and answered questions.
I will try to answer a few questions that I have been receiving this year in this blog post.
" I didn't receive the 1444 form, can I still come in?"
Yes, just let me know how much you received in the two stimulus payments and we are set.
"Will there be another stimulus payment sent out?"
Congress is still working out the details, but most people think there will at least be one more stimulus payment sent out. Nothing is confirmed, but they are talking about $1400 per person if your income is not over $75,000 single or $150,000 married. You could receive a partial amount for people over that threshhold.
"Is it better to file now or wait to file in order to qualify for the stimulus payment?"
It depends on your income. I would pay attention to the income limitations and make a determination based on that. If you were claimed as a dependent in 2019, you can still receive the two stimulus payments if you claim yourself in 2020.
"Will the tax deadline be extended again this year?"
The Internal Revenue Service has not made any official announcement yet, but the House Ways and Means Committee along with the American Institute of CPAs has requested an extension for 2020. Since the IRS is still processing returns from 2019, I think an extension is likely and the tax due date will probably be changed to June 15th.
If you have other questions, please let me know. I am still accepting new clients and reservations can be made at idahotaxprep.com/book-online.