As of today, Congress is still negotiating the COVID-19 Stimulus payment checks. Once settled they will work with the IRS to get those checks out to us.
Yes… I said Congress is working with IRS; SO if you have not filed prior year taxes, you may have an issue on your hands. Here’s a statement the IRS recently released on their website.
Note these three points:
- Pending legislation includes certain potential credits and rebates for those who have filed a return for 2018 and/or 2019.
- Those without 2018 tax filings on record could potentially affect mailings of stimulus checks.
- If you haven’t filed 2016 and are due a refund for that tax year, current law requires the 2016 return to be filed by April 15, 2020. Basically you forfeit any refund due to you if you do not file by April 15th.
IRS notice to taxpayers regarding the COVID-19 Stimulus Payment
Non-filers: Haven’t filed a tax return for a previous year? Take steps now.
The IRS encourages anyone with a tax filing obligation who hasn’t filed a tax return for 2018 or a previous year to act now. – Pending legislation includes certain potential credits and rebates for those who have filed a return for 2018 and/or 2019. Those without 2018 tax filings on record could potentially affect mailings of stimulus checks. And more than 1 million people who haven’t filed tax returns for Tax Year 2016 and are owed a refund still face an April 15, 2020, deadline to file their return. This deadline hasn’t been extended. Current law requires the 2016 return to be filed by April 15, 2020.
Many non-filers should consider contacting a tax professional to consider various available options since the time to receive such refunds is limited by statute…
Friends, if you have not filed taxes from prior years, get them done ASAP. I’m available to help you file 100% remotely while you and I both remain sheltered-in-place.
Click here the make a virtual appointment or contact me via email at michellew@welldonebizservices.com.