GQ Law

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline https://www.irs.gov//tax-day-for-individuals-extended-to-m.

There's still time to sign up for our educational webinar, Preparing for the Unexpected, on Tuesday, March 16th @ 7pm. Please join us for our educational webinar Preparing for the Unexpected on Tuesday, March 16th @ 7pm - Presented by Attorneys Gary Quackenbush and Cindy Myers of GQ Law. Learn what is important to know in case you have to make it on your own. Follow the link below to learn more. https://e790owty.pages.infusionsoft.net/

Did you know that GQ Law does more than just estate planning. We offer a variety of services from assisting you with your tax problems, bankruptcy, trust litigation, trust administration, probate, elder law and LLC and Corporation formation. Call 858-549-8600 and schedule your free consultation!

Please join us for our educational webinar Preparing for the Unexpected on Tuesday, March 16th @ 7pm - Presented by Attorneys Gary Quackenbush and Cindy Myers of GQ Law. Learn what is important to know in case you have to make it on your own. Follow the link below to learn more. https://e790owty.pages.infusionsoft.net/

Three new COVID-19 related employer tax credits are now available: Sick Leave Credits Family Leave Credits Employee Retention Credit... And the Coronavirus Tax Relief page on IRS.gov now provides tailored information for: Individuals and Families Businesses and Tax-Exempt Entities Health Plans and Retirement Plans IRS TWEETS: #IRS: Three new tax credits are available to many businesses hit by COVID-19. Learn more: https://go.usa.gov/xvjbp #COVIDreliefIRS Are you familiar with the #COVIDreliefIRS for businesses? Learn about three new #IRS tax credits for businesses affected by COVID-19. https://go.usa.gov/xvjbp DYK due to COVID-19 there are new #IRS tax credits available for certain businesses? Check if your business qualifies today: https://go.usa.gov/xvjbp #COVIDreliefIRS As a business owner, are you worried about the future of your business? Check out new #IRS credits designed to help you: 1) Paid Sick Leave 2) Paid Child Care Leave 3) Employee Retention. https://go.usa.gov/xvjbp #COVIDreliefIRS Find out how new #IRS tax credits can immediately help businesses affected by COVID-19: https://go.usa.gov/xvjbp #COVIDreliefIRS #IRS has three new credits to help your business through these rough times, including immediate assistance to keep your employees in your payroll. See: https://go.usa.gov/xvjbp #COVIDreliefIRS

Social Security Recipients Will Automatically Receive Economic Impact Payments The U.S. Treasury and IRS announced a change in this Economic Impact Payments press release, relieving burden that may have been caused for some who otherwise are not required to file tax returns. U.S. Treasury Department... Office of Public Affairs April 1, 2020 Social Security Recipients Will Automatically Receive Economic Impact Payments WASHINGTON The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts. Social Security recipients who are not typically required to file a tax return need to take no action, and will receive their payment directly to their bank account, said Secretary Steven T. Mnuchin. The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 Economic Impact Payments to Social Security recipients who did not file tax returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits. RELATED IRS TWEETS: #IRS and @USTreasury announced that Social Security recipients will automatically receive the economic impact payments. See details at: www.irs.gov/coronavirus #COVIDreliefIRS Social Security beneficiaries who are not typically required to file tax returns will not need to file to receive an economic impact payment. It’s automatic. More information from #IRS at www.irs.gov/coronavirus #COVIDreliefIRS For Social Security recipients who didn’t file taxes in 2018 or 2019, #IRS will use the information on Form SSA-1099 and Form RRB-1099 for their economic impact payments. www.irs.gov/coronavirus #COVIDreliefIRS Social Security recipients will automatically receive economic impact payments without the need to file taxes for 2018 or 2019. More details from #IRS at www.irs.gov/coronavirus #COVIDreliefIRS Social Security recipients will automatically receive the economic impact payment the same way they normally receive their Social Security benefits. See details from #IRS at: www.irs.gov/coronavirus #COVIDreliefIRS Social Security recipients will get economic impact payment without filing taxes for 2018 or 2019. #IRS will instead use the information on their Form SSA-1099 and Form RRB-1099. More at www.irs.gov/coronavirus #COVIDreliefIRS

Watch out for SCAMS re Economic Impact Payments

Economic Impact Payments Simplified

MORE IMPORTANT IRS TWEETS: Eligible taxpayers with income up to $75K for individuals and up to $150K for married couples will get the full economic impact payment from #IRS. Parents also receive $500 per child. See www.irs.gov/coronavirus #COVIDreliefIRS... For most people, no action is needed to get an economic impact payment from #IRS. Parents will also receive $500 for each qualifying child under 17. Learn more at www.irs.gov/coronavirus #COVIDreliefIRS Eligible taxpayers will get an economic impact payment from #IRS of up to $1,200 for individuals or $2,400 for married couples. Parents will also receive $500 per child. www.irs.gov/coronavirus #COVIDreliefIRS Eligible taxpayers who filed income tax returns for either 2019 or 2018 will automatically receive an economic impact payment from #IRS. Parents will also get an additional $500 per child. www.irs.gov/coronavirus #COVIDreliefIRS

IRS TWEETS YOU SHOULD KNOW ABOUT Any person with a federal income tax filing or payment due on April 15 is eligible for #IRS relief in response to the ongoing #COVID19 emergency. Find details at www.irs.gov/coronavirus #COVIDreliefIRS... Individuals, trusts, estates, corporations or any unincorporated business entity with a federal income tax return or payment due on April 15, 2020 is eligible for #IRS relief in response to the ongoing #COVID19 emergency. See www.irs.gov/coronavirus #COVIDreliefIRS Not sure if you’re eligible for tax relief in response to the ongoing #COVID19 emergency? Check the #IRS answers to frequently asked questions at www.irs.gov/coronavirus #COVIDreliefIRS If you have federal income taxes due on April 15, 2020, you are eligible for #IRS filing and payment relief in response to the #COVID19 emergency. Details at www.irs.gov/coronavirus #COVIDreliefIRS You don’t have to be sick, quarantined or be otherwise directly impacted by #COVID19 to qualify for #IRS tax relief. You only need to have had federal income taxes due on April 15, 2020. See www.irs.gov/coronavirus #COVIDreliefIRS If you had an #IRS income tax return due on April 15, 2020, you don’t need to be sick, quarantined or have any other impact from #COVID19 to qualify for tax relief. File and pay any tax due with your return by July 15. Visit www.irs.gov/coronavirus #COVIDreliefIRS Even if you’re not sick, quarantined or have been directly impacted by the #COVID19 outbreak, you’re still eligible for tax relief. Check the #IRS answers to frequently asked questions at www.irs.gov/coronavirus #COVIDreliefIRS

Important: IRS Payment Scams - Watch out! From the IRS Tax Professional Liason: The ink isn’t even dry on the coronavirus emergency spending bill and scammers are already out looking for ways to benefit from the stimulus payments.... As a reminderthe IRS will never contact via phone or email asking for personal or financial information. RELEVANT IRS TWEETS: ALERT: #IRS will not call to request any personal or financial information for you to get an economic impact payment. If you get such a call -- HANG UP. See official updates at www.irs.gov/coronavirus #IRS will share details about the economic impact payment as soon as it’s available. The IRS will not call or email you asking for information on these checks. It’s a scam. Be informed: www.irs.gov/coronavirus #IRS will share details about the economic impact payment as soon as it’s available. The IRS will NOT contact you to ask you to pay a fee or confirm personal information IT IS A SCAM. Stay informed: www.irs.gov/coronavirus

I'd like to share this article I wrote based on a talk I gave a few times last year. BEING PATIENT WITH OTHERS Ever been rock climbing?...Continue reading

CSTC North County San Diego Chapter - Holiday Party! Supported Gently Hugged! Guests brought so many donations! Thank you! Thank you! Thank you! Please check them out @ www.GentlyHugged.org

CSTC San Diego Holiday Party - we supported the AMAZING charity Gently Hugged! We raised cash and donations! What a blast! Thank you Judy & Bruce Blackford of www.GentlyHugged.org for joining us.

Check out our latest post on the GQ Law blog, Bookkeeper, Enrolled Agent, CPA, or Attorney?. http://www.gqlaw.com/bookkeeper-enrolled-agent-cpa-or-atto/

SCAM WARNING from the IRS Public Announcements: IRS Tax Lien Scam September 26, 2019 IRS Tax Tip 2019-134... With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency. Here are some details about the property lien scam that will help taxpayers recognize it: This scheme involves a letter threatening an IRS lien or levy. The scammer mails the letter to a taxpayer. The lien or levy is based on bogus overdue taxes owed to a non-existent agency. The non-existent agencies might have a legitimate-sounding name like the Bureau of Tax Enforcement. There is no such agency. This scam may also reference the IRS to confuse potential victims into thinking the letter is from a real agency. For anyone who doesn’t owe taxes and has no reason to think they do should: Contact the Treasury Inspector General for Tax Administration to report the letter. The taxpayer should use their IRS Impersonation Scam Reporting web page. When reporting the scam, they should include the key words IRS Lien. Scan a document received as a letter or fax and send it to [email protected]. Report it to the Federal Trade Commission using the FTC Complaint Assistant on FTC.gov. Report it also to the FBI’s Internet Crime Complaint Center, known simply as IC3. Taxpayers who do owe tax or think they might owe should: Review their tax account information and payment options at IRS.gov. Reviewing tax account information online will show the taxpayer if they indeed owe the IRS and how much. This is the fastest way to get this information. Call the IRS at 800-829-1040 to confirm the notice if they’re still not sure they owe. More information: Tax Scams/Consumer Alerts How Do You Report Suspected Tax Fraud Activity?

Check out our latest post on the GQ Law blog, Derek S. Questions Gary Quackenbush about Estate Planning and Trusts.. http://www.gqlaw.com/derek-s-questions-gary-quackenbush-ab/

Check out our latest post on the GQ Law blog, Estate Planning - Difficult Decisions Day. http://www.gqlaw.com/estate-planning-difficult-decisions-d/