BARBARA D. WATKINS, C.P.A.

BARBARA D. WATKINS, C.P.A. C.P.A. with 40 years of experience. Specializing in Tax and Small Business needs."The Diva of Deduct

10/27/2021

Scammers are sending fake IRS emails about Economic Impact Payments

by Cristina Miranda
Division of Consumer and Business Education, FTC

There’s a fake IRS email that keeps popping into people’s inboxes. It says that you can get a third Economic Impact Payment (EIP) if you click a link that lets you “access the form for your additional information” and “get help” with the application. But the link is a trick. If you click it, a scammer might steal your money and your personal information to commit identity theft. It’s yet another version of the classic government impersonator scam.

04/06/2021

This is a reminder that your first Estimated Tax payment voucher is still due on 4/15/21. The IRS did NOT extend that.

04/01/2021

"The Internal Revenue Service said Wednesday it plans to take steps to automatically refund money starting in May and continuing through the summer to taxpayers who filed tax returns reporting unemployment compensation prior to recent changes under the American Rescue Plan."

03/19/2021

The IRS will automatically process refunds for individuals who paid taxes on their unemployment benefits before Congress passed a law making those payments tax-free, Commissioner Chuck Rettig said.

The automatic refund will mean that many recipients of unemployment benefits who have already filed their returns for 2020 won’t have to take extra steps to reclaim the taxes they paid but no longer owe — on as much as $10,200 of jobless benefits. Taxpayers who have yet to submit their returns also have an additional month, until May 17, to file this year.

“Do not file an amended return at this time,” Rettig told a congressional panel on Thursday. “We believe that we will be able to handle this on our own. We believe that we will be able to automatically issue refunds associated with the $10,200.”

03/17/2021

Hot off the press:
"IRS to Delay U.S. Tax Deadline to May 17 After Disruptive Year".

01/15/2021

Breaking News - The IRS is opening tax season on February 12. That is the first day that they will accept 2020 tax returns.

12/03/2020

"I have a think a quick irs question....for the stimulus that came in the spring...my brothers daughter 19 is at college, but he claims her....so she didn't get $1200 & he did get $500...is that right?"
Yesterday at 6:53 PM
Wed 6:53 PM
You sent Yesterday at 6:53 PM
Most parents claim their 17-, 18-, and 19-year-olds on their tax return, but these children are counted as "other dependents," and parents will not get an additional $500 for these children in their stimulus check.
Cara sent Yesterday at 6:54 PM
Thanks for confirming I understood it correctly...you are always so fast in replying & I trust your knowledge! Thank you
You sent Yesterday at 7:02 PM
You are welcome
"

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