Focus Accounting & Tax

Treasury, IRS unveil online application to help with Economic Impact Payments | Internal Revenue Service IR-2020-72, April 15, 2020 – Working with the Treasury Department, the Internal Revenue Service today unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information.

Economic Impact Payment Information Center | Internal Revenue Service All U.S. residents who are not a dependent of another taxpayer and have a work eligible social security number, will receive the Economic Impact Payment with adjusted gross income

The Wisconsin Dept. of Revenue has also extended the state tax filing deadline to July 15th. More information the WI announcement can be found here:https://www.revenue.wi.gov/Pages/News/2020/Tax-Deadline-Extended.pdf

Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed | Internal Revenue Service IR-2020-58, March 21, 2020 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.