IRS
Page: 3
Ever since Prince passed away in April of 2016, there has been an ongoing legal battle to determine the distribution of his estate. Prince didn’t have a will and now the IRS is saying that the estate is extremely undervalued, monetarily speaking. According to the Associated Press: “The IRS determined that Prince’s estate is worth […]
If you don’t normally file a tax return you still may be eligible for the Economic Impact Payment. The Internal Revenue Service has extended the deadline for people to register for a stimulus payment. But ONLY if you have not received one. The deadline is November 21, 2020, for people to register but again only […]
When Congress passed the COVID-19 relief package in May, over $100,000 in the for of stimulus checks went to incarcerated individuals. While the legislation doesn’t exactly exclude inmates, the IRS is actively seizing the funds that were sent, using the guidelines on Social Security to justify their action. The Social Security Act refuses incarcerated people from receiving certain types of […]
There are about 30 million to 35 million Economic Impact Payments that still need to be sent out. According to the House Ways and Means Committee said the estimation are from people who do not file tax returns. For example they would be individuals on Social Security, or received Railroad Retirement, Supplemental Security Income, or […]
If you have not received your Economic Impact Payment physical check yet it may be because it will not be a check but a debit card. The Department of Treasury and the IRS announced this week they will start sending out the rest of the stimulus checks via debit cards. The Department of Treasury has […]
This morning on the Wake Up Club a few people called and texted in about not receiving their stimulus payment. If you are supposed to get a check instead of direct deposit again, it will come on a debit card. A letter should of been mailed to you telling you that you will receive the […]
The IRS wants stimulus money back. The agency said this week they sent out checks to people that are deceased. In a rush to get all the checks out for people who need it during COVID-19. The agency said that they sent out checks for people who had filed within the past two years. Including […]
Have you received your Economic Impact Payment yet? If not you will be able to check the status of your stimulus payment this week via the IRS tracker tool Get My Payment. If you filed taxes in 2018 and 2019 then you are all set you will not need to do anything. And the same […]
How much? o One payment and one payment only of $1,200. o As long as your adjusted gross income is less than $75,000 What if I/we earned more than $75,000? o If you earned between $75,000 and 99,000, your check will be prorated. o If you earned over $99,000 or jointly $198,000, you are […]
On Thursday, April 2, several media outlets, including CNN and The Hill, obtained a Democratic House Ways and Means Committee memo that outlined how some Americans might not receive their stimulus funds for 20 weeks or five months from some time in May. Although Treasure Secretary Steven Mnuchin originally advised the public that the initial […]
WDKX Holiday Stream