First he wanted EVERYONE to go back to school in the fall... Now? Since some colleges have cancelled sports programs and won't reopen in the fall? He has gone after colleges punitively ... First has gone after the online programs by telling and foreign student they … [Read more...] about Trump wants the IRS to take away the tax exempt status of some colleges….
IRS
Federal Income taxes are due by July 15….
Don't forget.... And be careful.... The old April 15 deadlines could be the situation next year which cuts down your time between now next years due date for taxes... This year's federal income tax deadline was postponed to July 15 due to the coronavirus pandemic, and … [Read more...] about Federal Income taxes are due by July 15….
SSI Recipients Will Now Get Coronavirus Payments Automatically…
...from the Huffington Post... People who receive Supplemental Security Income benefits will automatically receive coronavirus stimulus payments, the Trump administration announced Wednesday. Instead of having to file a tax return or give the government their bank … [Read more...] about SSI Recipients Will Now Get Coronavirus Payments Automatically…
Rollout of Economic Relief Law Is a Mess….
Washington Post: “The Trump administration has stumbled in its initial push to implement the $2 trillion coronavirus aid package, with confusion and fear mounting among small businesses, workers and the newly unemployed since the bill was signed into law late last … [Read more...] about Rollout of Economic Relief Law Is a Mess….
IRS expects first stimulus checks to go out by April 13….
Those will probably go to 60 million people direct deposit ... Paper checks could start to go out by May.... Some won't see money till the summer... The payments were included in legislation designed to curb some of the economic damage caused by the coronavirus pandemic. … [Read more...] about IRS expects first stimulus checks to go out by April 13….
Here’s Some Information on those Stimulus checks that will be coming….
Summary.... The money is NOT taxable... Max amount is $1,200 for income of $75,000 or less $5 deducted from the $1,200 for every $100 over the #75k.... Please read the piece below from The Hill.... The Hill answered several frequently asked questions about the … [Read more...] about Here’s Some Information on those Stimulus checks that will be coming….
IRS will send people their stimulus checks electronically, paper checks and wants to send debit cards also….
Those who make up to $75,000 will reportedly get $1,200.... Those who make up to $99,000 a bit less.... The money will start flowing in a few weeks if Trump signs the bill this Friday.... The IRS wants to issue as many stimulus payments electronically as it … [Read more...] about IRS will send people their stimulus checks electronically, paper checks and wants to send debit cards also….
Federal Tax filing deadline still April 15…No penalties or interest due for filing up to 90 days afterwards…
You have to file to do so..... The government will need the money if Trump's wants to send people $1,000 checks and bail out corporations with that tax money also.... Very few aspects of American life, if any, remain unaffected by the coronavirus. Taxes are no … [Read more...] about Federal Tax filing deadline still April 15…No penalties or interest due for filing up to 90 days afterwards…