Two main items to report on:
First, while the IRS extended individual income tax filing to July 15, 2020, there were other tax deadlines that needed to be extended. What about the deadline for 2016 tax refunds? The IRS issued a notice that addressed these issues and gave an extension for Tax Court deadline filing.
Second, a big item of news is the economic impact payments. What are amounts people will receive? Who will qualify? How should people sign up with the IRS? What information is needed when signing up?
Find out these and further details.
Stay safe out there!
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