Some $1,400 Stimulus Checks May Need to Be Returned

Some $1,400 Stimulus Checks May Need to Be Returned

Many people have already received their third stimulus relief payments. However, on April 12, 2021, it was announced that some people may need to return their stimulus checks. According to Kiplinger, one group of people who have to return their checks are nonresident aliens. These are people who generally are not United States citizens. Nonresident […]

IRS Issues a New Batch of Stimulus Payments

IRS Issues a New Batch of Stimulus Payments

The Internal Revenue Service sent out the initial American Rescue Plan Act of 2021, stimulus payments last Thursday and Friday — roughly 90 million direct deposits and 150,000 checks. According to a press release on March 22, 2021, another round will be hitting the banks and mailboxes in the upcoming weeks. Financial institutions are expecting direct deposits […]

IRS Tax Deadline Extended One Month [Video]

IRS Tax Deadline Extended One Month [Video]

For those that may be sweating bullets trying to meet the IRS Tax deadline of April 15, 2021, the IRS has extended the deadline to mid-May. The IRS has a backlog of 24 million returns that have required processing since 2019. The Biden administration fears that the IRS’s long un-resolved challenges may undercut their economic […]

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